Financial Markets, Institutions and Risks journal considers publication ethics a significant issue in the editorial work and reviewing processes. The Editorial Board, the Editorial office and the Reviewer Board adhere the publishing ethics principles and world-recognised high standards of scholarly publishing. In our Code of Conduct we use the recommendations provided by the Committee on Publication Ethics. Being a publisher, we use such guidelines as Principles of Transparency and Best Practice in Scholarly Publishing and Code of Conduct for Journal Publishers. Our editors use Code of Conduct and Best Practice Guidelines for Journal Editors.
The scientific journal “Financial Markets, Institutions and Risks” has its website where the necessary information about the journal is provided. It ensures and adheres all ethical and professional standards. (see below).
‘Aims & Scope’ statement, key topics, and target audience are clearly defined on the website (see below).
The journal accepts original unpublished papers which should not be under review with any other journal. Moreover, authors confirm that their article is their own; that it has not been copied or plagiarized, in whole or in part, from other works; and that they have disclosed actual or potential conflicts of interest with their work. All authors should follow the ethical standards promoted by Committee on Publication Ethics.
Before publishing, all manuscripts are checked for similarities with Internet sources (using iThenticate service) and then, double-blind-peer-reviewed (authors and reviewers remain anonymous). Authorship statement presents only those authors who have made a significant contribution to the reported study. Others who have made contributions are listed in the Acknowledgement. The corresponding author should always be informed about the publication process of the submitted article. They must also keep informed other authors about it and ensure that all co-authors are included on the paper, that they have seen the final article and have agreed to its submission for publication. The journal follows the guidelines introduced by COPE “Short guide to the Ethical Editing for Editors”, COPE “Ethical Guidelines for Peer Reviewers”.
Print and electronic ISSNs of the FMIR journal is displayed on website (ISSN – 2520-6761 (print); ISSN – 2520-6311 (online)).
2. Name of journal
The journal Financial Markets, Institutions and Risks has a unique title. It cannot be confused with other journals. This info is clearly stated at the website of FMIR journal.
3. Peer-review process
The journal Financial Markets, Institutions and Risks supports the double-blind peer review model. The list of reviewers is presented at the website. Reviewers are chosen according to their research interests which must correspond the article’s theme. The peer review process and its stages, as well as Guidelines for reviewers, are clearly described on the journal’s web-site. Reviewers’ evaluations usually include recommendations of what to do with the manuscript, which will be sent to authors in the form of the referee report.
4. Ownership and management
Financial Markets, Institutions and Risks is owned and published by Sumy State University.
5. Governing body
Editors-in-Chief, Section Editors, Members of Editorial Board, Reviewer Board and Editorial Office of the FMIR journal are involved in the journal’s activity. Members of Editorial and Reviewer Boards are experts in the field. All members perform functions and follow the publication ethics standards. The list of members of both Boards is constantly reviewed. The full names and affiliations of the members are represented on the journal’s website.
6. Editorial team/contact information
The full names and affiliations of the journal’s members of Editorial Board are shown on the journal web-site as well as contact information for the Editorial Office.
7. Copyright and licensing
The policy for copyright is clearly described at the website of the journal. All papers are licensed by open access Creative Commons CC BY license. It permits use, distribution and reproduction of the article in any medium, provided the original work is properly cited. The CC BY license permits commercial and non-commercial reuse. If the authors used the previously published information (text, figures, tables, and etc.) they should receive the permission for using and republishing. It should be done before submitting the paper.
8. Author fees
There is an Article Processing Charge that is paid by the author when the article is accepted for publication after being peer reviewed (FMIR journal has no submission or review payments). It covers the costs for copy editing, formatting the text, creating figures and tables, peer-review process administrating, archiving of articles, site administrating (hosting the articles on site, its maintenance and support), the promotion of the journal and articles (distribution of the journals content, serving the indexing services, etc.) and customers’ support. The potential authors can find all information about APC on the website prior to submitting their manuscripts for review or before they begin preparing their manuscript for submission. Article processing charge at UAH 1500 is paid by the authors if the paper is accepted for publishing.
9. Process for identification of and dealing with allegations of research misconduct
Editorial Board of the journal Financial Markets, Institutions and Risks seeks to protect the reputation of the journals against abuses and scientific misconduct. Scientific misconduct is the violation of the standard codes of scholarly conduct and ethical behavior in professional scientific research. The main types of research misconduct are fabrication, falsification, and plagiarism.
Fabrication is making up results and recording or reporting them. A more minor form of fabrication are references included in the text, which are actually fake.
Falsification is manipulating research materials, equipment, or processes or changing or omitting data or results such that the research is not accurately represented in the research record.
Plagiarism is the appropriation of another person’s ideas, processes, results, or words without giving appropriate credit. One form is the appropriation of the ideas and results of others, and publishing as to make it appear the author had performed all the work under which the data was obtained. Plagiarism-fabrication – the act of taking an unrelated figure from an unrelated publication and reproducing it exactly in a new publication.
Self-plagiarism – or multiple publication of the same content with different titles and/or in different journals.
Manuscripts should not contain plagiarism. The Editorial Board will reject the manuscripts if they contain any form of plagiarism – willful and/or negligent plagiarism. Self-plagiarism is also unacceptable.
The presence of plagiarism in the article testifies the unethical and unprofessional behavior of the author (co-authors) and is likely to undermine the reputation of the author (co-authors) and the publisher.
In any case, the journal editors must identify and prevent the publication of papers where research misconduct occurred, including but not limited to plagiarism, citation manipulation, and data falsification/fabrication, among others. In this context the Publisher and Editors of the journal should follow the COPE principles.
In case of ethical complaints regarding the submitted manuscripts, editors must take reasonable measures to solve the problem. In general, these can be contacting the article’s author and giving due consideration of the respective complaint, as well as contacting the relevant institutions and research bodies, depending on the misconduct seriousness. The author should be given the opportunity to respond to any allegations.
If a serious misconduct in the submission, reviewing or publishing processes is observed, the following measures can be taken:
Moreover, we believe that the authors of the articles submitted to the journal will follow the principles of research integrity: honesty; scrupulous care, thoroughness and excellence in research; transparency; respect for coathors or participants of the research, etc.
The above information is also mentioned at the journal webpage.
10. Publication Ethics
Financial Markets, Institutions and Risks journal adheres ethical principles based on COPE. These are based on the mutual trust of all participants in the publishing process. Publication ethics policy is clearly visible on the website: a) authorship and contributorship; b) ways to handle complaints and appeals; c) conflicts of interest; d) reproducibility and robustness; e) ethical oversight; f) intellectual property; g) post-publication discussions and corrections.
In order to ensure the objectivity and transparency of the research in accordance with the accepted principles of ethical and professional behavior, authors should (if applicable) indicate in a separate section of the article entitled “Compliance with Ethical Standards” information on:
When reporting experiments on human subjects, authors (co-authors) should indicate whether the procedures followed were in accordance with the ethical standards of the responsible committee on human experimentation (institutional and national) and with the Helsinki Declaration of the World Medical Association with all current revisions and amendments.
When reporting experiments on animals, authors (co-authors) should indicate whether the institutional and national guidelines for the care and use of laboratory animals were followed.
All authors (co-authors) are required to follow the requirements on informed consent from study participants. They must confirm that any participant in any research or experiment described in their article has given written consent to the inclusion of material pertaining to themselves, that they acknowledge that they cannot be identified via the paper and that you have fully anonymized them. The article should describe the way in which the informed consent was obtained.
The authors (co-authors) can count on transparency and respect from the publisher and the editor while preparing the article for publication.
Editors, authors, and peer reviewers should disclose interests that might appear to affect their ability to present or review work objectively. These might include relevant financial interests (for example, patent ownership, stock ownership, consultancies, or speaker’s fees), or personal, political, or religious interests.
Strict policies preventing people with conflicts of interest from publishing might encourage authors to conceal relevant interests, and might therefore be counterproductive.
Members of Editorial Board should not be involved in editorial decisions about their own scholarly works. FMIR journal has a clearly defined policy for handling submissions from members of the editorial board, i.e., those members of Editorial Board who are authors or have contributed to a manuscript, are excluded from publication decisions. In this case, Editors-in-Chief control the submission process and guarantee that members of Editorial Board do not make any decisions regarding their manuscript submitted.
Thus, publication ethics must be adhered in any case by the whole Editorial team of the FMIR journal, including Members of Editorial and Reviewer Board, Editors-in-Chief and Section Editors. Each of the mentioned categories must follow Guidelines for Editors and Guidelines for Reviewers, where all ethical responsibilities and duties are mentioned.
Inclusive language. Language that is inclusive recognizes diversity, demonstrates respect for everyone, is cognizant of individual differences, and advances equal opportunity. Content must be inclusive throughout and should not indicate that one person is better than another based on their age, gender, race, ethnicity, culture, sexual orientation, handicap, or state of health.
More detailed information is also mentioned at the webpage.
11. Publishing schedule
The FMIR journal is published quarterly (March, June, September, December) since 2017.
The journal is open access. The Editorial Board adheres the principles of the Budapest Open Access Initiative, 2002: “By “open access” to this [research] literature, we mean its free availability on the public internet, permitting any users to read, download, copy, distribute, print, search, or link to the full texts of these articles, crawl them for indexing, pass them as data to software, or use them for any other lawful purpose, without financial, legal, or technical barriers other than those inseparable from gaining access to the internet itself. The only constraint on reproduction and distribution and the only role for copyright in this domain should be to give authors control over the integrity of their work and the right to be properly acknowledged and cited.” The above information is also mentioned at the journal webpage.
Financial Markets, Institutions and Risks is archived and preserved in the following ways: Website archiving; Abstracting/Indexing services; Self-archiving; Independent and Local archive (readers will have access to manuscripts local eSSUIR (Electronic Sumy State University Institutional Repository) and independent archives (Vernadsky National Library of Ukraine, SHERPA/RoMEO, Portico).
More information about the archiving policy is available here.
14. Revenue sources
The revenue sources of the journal are article processing charge, reprints, institutional/organizational support, etc. Publishing fees or waiver status have no impact on editorial decision making. It is clearly stated on the FMIR website.
Financial Markets, Institutions and Risks journal is not interested in advertising commercial products and services. The Editorial team is conducive to promoting scientific conferences, books, publishers, services and/or products which endorse lifelong learning and enlarge educational and scientific cooperation. The decisions on advertising are subject to approval for Publisher, Head of ARMG publishing or Editors in Chief. Decisions on papers’ publishing are not influenced by advertising. More information on advertising policy is available at the website.
16. Direct marketing
Direct marketing activities of the FMIR journal are appropriate and well targeted. Information provided about the publisher or journal is truthful and does not mislead readers or authors.