International Journal of Financial Research

International Journal of Financial Research (ISSN: 1923-4023; E-ISSN: 1923-4031) is an open-access and peer-reviewed journal published by Sciedu Press in Canada. This journal is published quarterly (January, April, July and October) in both print and online versions. All publications are open access in full text and free to download.

This journal publishes original and leading research across all the major fields of accounting, finance and economics, ranging from institutional & corporate finance, accounting, insurance & risk management, monetary banking, stock exchange, to business economics, development economics, capital markets and more.


This journal accepts article submissions online or by e-mail (






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2016 Q1: Articles Received: 47; Accepted: 24; Rejected: 17; Published: 27; Retracted: 0

2015: Articles Received: 124; Accepted: 64; Rejected: 40; Published: 77; Retracted: 0

2014: Articles Received: 121; Accepted: 80; Rejected: 40; Published: 85; Retracted: 0

2013: Articles Received: 116; Accepted: 73; Rejected: 32; Published: 51; Retracted: 0




e-Version First TM (Vol. 7, No. 2)
All Issues



e-Version FirstTM

e-Version First is a featured way of publishing articles in our journal. It allows PDF version of manuscripts that have been peer reviewed and accepted, to be hosted online prior to their inclusion in a final printed journal. Readers can freely access or cite the article.


Each paper published in International Journal of Financial Research is assigned with a DOI®number, which appears beneath the author's affiliation in the published paper. Click HERE to know what is DOI (Digital Object Identifier). And click HERE to retrieve Digital Object Identifiers (DOIs) for journal articles, books, and chapters.


Paper Selection and Publication Process

a). Upon receipt of paper submission, the Editorial Assistant sends an E-mail of confirmation to the corresponding author within 1-2 working days. If you fail to receive this confirmation, your submission/e-mail may be missed. Please contact the Editorial Assistant in time.

b). Peer review. We use double-blind system for peer-review; both reviewers and authors’ identities remain anonymous. The paper will be peer-reviewed by three experts; two external reviewers and one editor from the journal typically involve in reviewing a manuscript. The review process may take 2-3 weeks.

c). Notification of the result of review by E-mail.

d). The authors revise paper and pay publication fee (300USD).

e). After publication, the corresponding author will receive two hard copies free of charge.

f). E-journal in PDF is available on the journal’s webpage for download, free of charge.


The publisher and journal have a policy of “Zero Tolerance on the Plagiarism”. We check the plagiarism issue with two methods: reviewer check and plagiarism prevention tool (iThenticate).

All submissions will be checked by iThenticate before being sent to reviewers.



IJFR is listed in acceptable Finance Journals by University of Texas at Tyler

We are glad to announce that International Journal of Financial Research has been listed as GOOD QUALITY JOURNAL in the acceptable list of Peer Reviewed Finance Journals by University of Texas at Tyler.  
Posted: 2015-10-26

Call for Papers and Recruitment of Reviewers


We are calling for submission of papers for the forthcoming issue. All papers should be written in professional English. The length of 3000-8000 words is preferred. All manuscripts should be prepared in MS-Word format, and submitted online. For any question you have, please contact the Editorial Assistant via:

We are also recruiting reviewers for the journal. If you are interested, you are welcome to join us. Please find the application form and details at:

Posted: 2015-03-13 More...

IJFR is listed in Econlit and JEL

We are pleased to announce that International Journal of Financial Research (IJFR) has been listed in Econlit and Journal of Economic Literature (JEL)The American Economic Association’s electronic bibliography, EconLit, indexes over 120 years of economics literature from around the world.  
Posted: 2012-12-11 More...
More Announcements...

Vol 7, No 2 (2016)

Table of Contents


Linking Quality Management Practices and Effective Knowledge Integration to New Product Development (NPD): An Empirical Study of Saudi-firms PDF
Abdullah Mohammed Aldakhil p1
The Monthly Effect and the Day of the Week Effect in the American Stock Market PDF
Bing Xiao p11
Comparison of the Effectiveness of Audit Committees in the UK and Turkish Banks PDF
Nizamulmulk Gunes, M. Serkan Atilgan p18
The Importance of Being Steve: An Econometric Analysis of the Contribution of Steve Jobs’s Patents to Apple’s Market Valuation PDF
Daniel K.N. Johnson, Sylvie Scowcroft p30
Are Institutional Investors Beneficial to Family Firm Performance? Evidence from the French Stock Exchange PDF
Olivier Colot, Jonathan Bauweraerts p39
Relationship between Bank Credit and Economic Growth: Evidence from Jordan PDF
Izz Eddien N. Ananzeh p53
Managing Risk in Livestock Farming: The Role of Insurance Companies PDF
Sanam Jokhio, Muhammad Moinuddin Qazi Abro, Lamya Alaali p64
Will the Information Disclosure Quality Reduce the Executives’ Excess Perks? - Evidence from China PDF
Han Li p73
Is ‘Excess’ Board Independence Good for Firm Performance? An Empirical Investigation of Non-financial Listed Firms in Saudi Arabia PDF
Basmah Altuwaijri, Lakshmi Kalyanaraman p84
Testing Explanatory Power of Two Behavioral Models for Price Continuation PDF
Hsiao-Peng Fu p93
Forecasting Portfolio Balance Using Return Mean, Standard Deviation and Spending PDF
Jeffry Haber, Andrew Braunstein p98
Hysteresis Effect on Unemployment for Men and Women: A Panel Unit Root Test for OECD Countries PDF
Selahattin Bekmez, Asli Ozpolat p122
The Effects of Tariff Policy under the Fixed Exchange Rate Regime PDF
Chung-Fu Lai p134
Predicting Bankruptcy in Private Firms: Towards a Stepwise Regression Procedure PDF
Jonathan Bauweraerts p147
The Impact of External Debt and Foreign Direct Investment on Economic Growth: Empirical Evidence from Tanzania PDF
Moga Tano Jilenga, Helian Xu, Igor-Mathieu Gondje-Dacka p154
“Impact of EXPO 2020 on Dubai Financial Market” – An Event Study on Banks, Investment and Insurance Sectors PDF
Ganga Bhavani, Sai Geetha Kukunuru p163
An Empirical Research on Investor Biases in Financial Decision-Making, Financial Risk Tolerance and Financial Personality PDF
Bilgehan Kubilay, Ali Bayrakdaroglu p171
The Role of Industry Effect and Market States in Taiwanese Momentum PDF
Hsiao-Peng Fu p183
Emerging Equity Markets Connectedness, Portfolio Hedging Strategies and Effectiveness PDF
Nizar Harrathi, Chaker Aloui, Mohamed Ali Houfi, Jihed Majdoub p189
The Effects of Foreign and Illegal Labourers Phenomenon on the Availability of Employment Opportunities for the Saudi Youth in the City of Jeddah PDF
Nayef Al-Ghamri p202
The Teaching of Financial Services Regulation: A Contextual View PDF
John. A. Consiglio p214
Does Size Favor Dividends or Retained Earnings? PDF
Bashar K Abu khalaf p225
Investigating the Determinants of Inflation: A Panel Data Analysis PDF
Pinar Deniz, Mahmut Tekce, Ahmet Yilmaz p233
Relationship between Board Remuneration and Financial Performance in the Kenyan Financial Services Industry PDF
Rita Ruparelia, Amos Njuguna p247

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International Journal of Financial Research
ISSN 1923-4023(Print) ISSN 1923-4031(Online)


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