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Journal of Emerging Market Finance

Journal of Emerging Market Finance


eISSN: 09730710 | ISSN: 09726527 | Current volume: 20 | Current issue: 1 Frequency: 3 Times/Year

Emerging markets are affected both by the pace and sequencing of policy reforms. This requires special analytical tools to determine the behaviour of financial variables in an environment which is subjected to policy shocks.

The Journal of Emerging Market Finance is a forum for debate and discussion on the theory and practice of finance in emerging markets. While the emphasis is on articles that are of practical significance, the journal also covers theoretical and conceptual aspects relating to emerging financial markets.

Peer-reviewed, the journal is equally useful to practitioners and to banking and investment companies as to scholars.

This journal is a member of the Committee on Publication Ethics (COPE).

Electronic Access:
Journal of Emerging Market Finance is available electronically on SAGE Journals Online at http://journals.sagepub.com/home/EMF

Emerging markets are affected both by the pace and sequencing of policy reforms. This requires special analytical tools to determine the behaviour of financial variables in an environment which is subjected to policy shocks.

The Journal of Emerging Market Finance (JEMF) is a forum for debate and discussion on the theory and practice of finance in emerging markets. While the emphasis is on articles that are of practical significance, the journal also covers theoretical and conceptual aspects relating to emerging financial markets. JEMF is a blind peer-reviewed journal that attracts articles in these broad areas of research:

Idiosyncratic factors that prevail in emerging markets: Some emerging markets are characterised by presence of financial instruments that are absent from other markets. For example, microfinance institutions, instruments to drive financial inclusion, etc. Similarly, certain financial markets are almost non-existent in emerging markets as compared to developed markets. For example, secondary debt market, simple as well as complex derivative instruments, etc. The journal encourages articles on these topics.

Comparing emerging markets with developed markets: Some of the key comparison units are market efficiency, corporate governance, derivatives market, ability of the markets to absorb new products, etc.

New scopes and challenges for emerging markets: We encourage articles that often identify issues which are expected to be extremely important for the future. Issues in energy trading, inflow of foreign capital, etc., are some of these issues.

Managing Editor
G Balasubramanian Institute for Financial Management and Research, Chennai, India
Editorial Board
Hamid Beladi University of Texas at San Antonio, USA
Menachem Brenner New York University, USA
Sudipto Dasgupta Chinese University of Hong Kong, Hong Kong
Kose John New York University, USA
Richard E Kihlstrom Wharton University of Pennsylvania, Philadelphia, USA
Bruce N Lehmann University of California, San Diego, USA
Robert Lensink Groningen University (RuG), Netherlands
Sugata Marjit Centre for Studies in Social Sciences, Calcutta, India
Maureen O'Hara National University, La Jolla, CA, USA
John D Knopf University of Connecticut, USA
Enrico C Perotti Universiteit Van Amsterdam, Netherlands
Raghuram Rajan University of Chicago, Chicago, USA
Ajay Shah National Institute of Public Finance and Policy, New Delhi, India
Carsten Sorensen Copenhagen Business School, Denmark
Rangarajan K Sundaram New York University, USA
Oren Sussman Wadham College, Oxford University, UK
Richard J Sweeney Georgetown University, Washington, USA
Susan Thomas Indira Gandhi Institute for Development Research, Mumbai, India
Clas Wihlborg Chapman University, California, USA
Chenggang Xu Cheung Kong Graduate School of Business, Beijing, China
  • Australian Business Deans Council (ABDC)
  • CABELLS Journalytics
  • Chartered Association of Business Schools (ABS)
  • Clarivate Analytics: Emerging Sources Citation Index (ESCI)
  • DeepDyve
  • Dutch-KB
  • EBSCO
  • EBSCO: EconLit
  • Emerging Sources Citation Index (ESCI)
  • Indian Citation Index (ICI)
  • J-Gate
  • OCLC
  • Ohio
  • Portico
  • Pro-Quest-RSP
  • ProQuest-Illustrata
  • ProQuest: International Bibliography of the Social Sciences (IBSS)
  • Research Papers in Economics (RePEc)
  • SCOPUS
  • UGC-CARE (GROUP II)
  • Manuscript Submission Guidelines: Journal of Emerging Market Finance

    This Journal is a member of the Committee on Publication Ethics

    Please read the guidelines below then visit the Journal’s submission site https://peerreview.sagepub.com/emf to upload your manuscript. Please note that manuscripts not conforming to these guidelines may be returned.

    Only manuscripts of sufficient quality that meet the aims and scope of Journal of Emerging Market Finance will be reviewed.

    There are no fees payable to submit or publish in this Journal.

    As part of the submission process you will be required to warrant that you are submitting your original work, that you have the rights in the work, and that you have obtained and can supply all necessary permissions for the reproduction of any copyright works not owned by you, that you are submitting the work for first publication in the Journal and that it is not being considered for publication elsewhere and has not already been published elsewhere.

    If you have any questions about publishing with SAGE, please visit the SAGE Journal Solutions Portal

    1. What do we publish?

    1.1 Aims & Scope
    1.2 Article types
    1.3 Writing your paper

    2. Editorial policies

    2.1 Peer review policy
    2.2 Authorship
    2.3 Acknowledgements
    2.4 Funding
    2.5 Declaration of conflicting interests
    2.6 Research data

    3. Publishing Policies

    3.1 Publication ethics
    3.2 Contributor’s publishing agreement
    3.3 Open access and author archiving

    4. Preparing your manuscript

    4.1 Formatting
    4.2 Artwork, figures and other graphics
    4.3 Supplemental material
    4.4 Reference style
    4.5 English language editing services

    5. Submitting your manuscript

    5.1 ORCID
    5.2 Information required for completing your submission
    5.3 Permissions

    6. On acceptance and publication

    6.1 SAGE Production
    6.2 Online First publication
    6.3 Access to your published article
    6.4 Promoting your article

    7. Further information

    1. What do we publish?

    1.1 Aims & scope

    Before submitting your manuscript to Journal of Emerging Market Finance, please ensure you have read the Aims & Scope.

    1.2 Article types

    The emphasis is on articles that are of practical significance, the journal also covers theoretical and conceptual aspects relating to emerging financial markets. The journal encourages articles that often identify issues which are expected to be extremely important for the future. Issues in energy trading, inflow of foreign capital, etc., are some of these issues.

    • Manuscripts of articles should not ordinarily exceed 8,000 words in length, inclusive of references, tables and figures.
    • All articles must be accompanied by 4–6 keywords and an abstract of about 100 words.
    • JEL codes need to be given with the articles.

    There is no limit on the number of references allowed.

    1.3 Writing your paper

    The SAGE Author Gateway has some general advice on how to get published, plus links to further resources.

    1.3.1 Make your article discoverable
    For information and guidance on how to make your article more discoverable, visit our Gateway page on How to Help Readers Find Your Article Online

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    2. Editorial policies

    2.1 Peer review policy

    Journal of Emerging Market Finance adheres to a rigorous double-blind reviewing policy in which the identity of both the reviewer and author are always concealed from both parties.

    Journal of Emerging Market Finance is committed to delivering high quality, fast peer-review for your paper, and as such has partnered with Publons. Publons is a third party service that seeks to track, verify and give credit for peer review. Reviewers for [Journal] can opt in to Publons in order to claim their reviews or have them automatically verified and added to their reviewer profile. Reviewers claiming credit for their review will be associated with the relevant journal, but the article name, reviewer’s decision and the content of their review is not published on the site. For more information visit the Publons website.

    The Editor or members of the Editorial Board may occasionally submit their own manuscripts for possible publication in the Journal. In these cases, the peer review process will be managed by alternative members of the Board and the submitting Editor/Board member will have no involvement in the decision-making process.

    2.2 Authorship

    All parties who have made a substantive contribution to the article should be listed as authors. Principal authorship, authorship order, and other publication credits should be based on the relative scientific or professional contributions of the individuals involved, regardless of their status. A student is usually listed as principal author on any multiple-authored publication that substantially derives from the student’s dissertation or thesis.

    2.3 Acknowledgements

    All contributors who do not meet the criteria for authorship should be listed in an Acknowledgements section. Examples of those who might be acknowledged include a person who provided purely technical help, or a department chair who provided only general support.

    Please supply any personal acknowledgements separately to the main text to facilitate anonymous peer review.

    2.3.1 Writing assistance
    Individuals who provided writing assistance, e.g. from a specialist communications company, do not qualify as authors and so should be included in the Acknowledgements section. Authors must disclose any writing assistance – including the individual’s name, company and level of input – and identify the entity that paid for this assistance. It is not necessary to disclose use of language polishing services.

    2.4 Funding

    Journal of Emerging Market Finance requires all authors to acknowledge their funding in a consistent fashion under a separate heading.  Please visit the Funding Acknowledgements page on the SAGE Journal Author Gateway to confirm the format of the acknowledgment text in the event of funding, or state that: This research received no specific grant from any funding agency in the public, commercial, or not-for-profit sectors.

    2.5 Declaration of conflicting interests

    Journal of Emerging Market Finance encourages authors to include a declaration of any conflicting interests and recommends you review the good practice guidelines on the SAGE Journal Author Gateway

    Please ensure that a ‘Declaration of Conflicting Interests’ statement is included at the end of your manuscript, after any acknowledgements and prior to the references. If no conflict exists, please state that ‘The Author(s) declare(s) that there is no conflict of interest’.

    2.6 Research data

    The journal is committed to facilitating openness, transparency and reproducibility of research, and has the following research data sharing policy. For more information, including FAQs please visit the SAGE Research Data policy pages.

    Subject to appropriate ethical and legal considerations, authors are encouraged to:

    • share your research data in a relevant public data repository
    • include a data availability statement linking to your data. If it is not possible to share your data, we encourage you to consider using the statement to explain why it cannot be shared.
    • cite this data in your research

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    3. Publishing Policies

    3.1 Publication ethics

    SAGE is committed to upholding the integrity of the academic record. We encourage authors to refer to the Committee on Publication Ethics’ International Standards for Authors and view the Publication Ethics page on the SAGE Author Gateway

    3.1.1 Plagiarism
    Journal of Emerging Market Finance and SAGE take issues of copyright infringement, plagiarism or other breaches of best practice in publication very seriously. We seek to protect the rights of our authors and we always investigate claims of plagiarism or misuse of published articles. Equally, we seek to protect the reputation of the Journal against malpractice. Submitted articles may be checked with duplication-checking software. Where an article, for example, is found to have plagiarized other work or included third-party copyright material without permission or with insufficient acknowledgement, or where the authorship of the article is contested, we reserve the right to take action including, but not limited to: publishing an erratum or corrigendum (correction); retracting the article; taking up the matter with the head of department or dean of the author's institution and/or relevant academic bodies or societies; or taking appropriate legal action.

    3.1.2 Prior publication
    If material has been previously published it is not generally acceptable for publication in a SAGE journal. However, there are certain circumstances where previously published material can be considered for publication. Please refer to the guidance on the SAGE Author Gateway or if in doubt, contact the Editor at the address given below.

    3.2 Contributor’s publishing agreement

    Before publication, SAGE requires the author as the rights holder to sign a Journal Contributor’s Publishing Agreement. SAGE’s Journal Contributor’s Publishing Agreement is an exclusive licence agreement which means that the author retains copyright in the work but grants SAGE the sole and exclusive right and licence to publish for the full legal term of copyright. Exceptions may exist where an assignment of copyright is required or preferred by a proprietor other than SAGE. In this case copyright in the work will be assigned from the author to the society. For more information please visit the SAGE Author Gateway.

    3.3 Open access and author archiving

    Journal of Emerging Market Finance offers optional open access publishing via the SAGE Choice programme. For more information on Open Access publishing options at SAGE please visit SAGE Open Access. For information on funding body compliance, and depositing your article in repositories, please visit SAGE’s Author Archiving and Re-Use Guidelines and Publishing Policies.

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    4. Preparing your manuscript for submission

    4.1 Formatting

    The preferred format for your manuscript is MS-Word.

    The manuscript must include the following:

    • Title of the paper, name of author, author’s affiliation and institutional address with pin code, email id and abstract of not more than 100 words. In case there are two or more authors, then corresponding author’s name and postal address details must be clearly specified.
    • The contributors should provide 4–6 keywords for online searchability along with JEL codes.

    For each text citation there must be a corresponding citation in the reference list and for each reference list citation there must be a corresponding text citation. Tables should be provided in editable format. Both tables and figures should be referred to in the text by number separately (e.g., Table 1) not by placement (e.g., see Table below).

    All figures and tables should be cited in the text and should have the source (a specific URL, a reference or, if it is author’s own work, ‘The author(s)’) mentioned irrespective of whether or not they require permissions.

    • Use American spellings rather than British throughout (“labor” not “labour,” “center” not “centre”; universal “-ize” and “-zation” of words). Use serial comma. For non-English and uncommon words and phrases, use italics throughout the text. Meaning of non-English words should be given in parentheses just after the word when it is used for the first time.
    • Articles should use non-sexist and non-racist language.
    • Spell out numbers from one to nine, 10 and above to remain in figures. However, for exact measurement (e.g., China’s GDP growth rate 9.8 per cent) use numbers. Very large round numbers, especially sums of money, may be expressed by a mixture of numerals and spelled-out numbers (India’s population 1.2 billion). Use thousands and millions, not lakhs and crores.
    • Double quotes should be used throughout. Single quote marks are to be used within double quotes. Spellings of words in quotations should not be changed. Quotations of 45 words or more should be separated from the text.
    • Notes should be numbered serially and presented at the end of article. Notes must contain more than a mere reference. However, mere URLs may be incorporated in the endnotes.
    • Use ‘per cent’ instead of % in the text. In tables, graphs, etc., % can be used. Use ‘twentieth century’, ‘the 1990s’.
    • Abbreviations are spelled out at first occurrence. Very common ones (US, GDP, BBC) need not be spelled out.

    References should come at the end of the manuscript.

    4.2 Artwork, figures and other graphics

    For guidance on the preparation of illustrations, pictures and graphs in electronic format, please visit SAGE’s Manuscript Submission Guidelines.

    • Figures, including maps, graphs and drawings, should not be larger than page size. They should be numbered and arranged as per their references in the text. All photographs and scanned images should have a resolution of minimum 300 dpi and 1,500 pixels and their format should be TIFF or JPEG.
    • Due permissions should be taken for copyright protected photographs/images. Even for photographs/images available in the public domain, it should be clearly ascertained whether or not their reproduction requires permission for purposes of publishing (which is a profit-making endeavour).
    • All photographs/scanned images should be provided separately in a folder along with the main article.

    Please Note: All figures and tables should be cited in the text and should have the source (a specific URL, a reference or, if it is author’s own work, ‘The Author’) mentioned irrespective of whether or not they require permissions.

    Figures supplied in colour will appear in colour online regardless of whether or not these illustrations are reproduced in colour in the printed version. For specifically requested colour reproduction in print, you will receive information regarding the costs from SAGE after receipt of your accepted article.

    4.3 Supplemental material

    This Journal is able to host additional materials online (e.g. datasets, podcasts, videos, images etc) alongside the full-text of the article. For more information please refer to our guidelines on submitting supplemental files

    4.4 Reference style

    Journal of Emerging Market Finance adheres to the APA reference style. View the APA guidelines to ensure your manuscript conforms to this reference style.

    4.5 English language editing services

    Authors seeking assistance with English language editing, translation, or figure and manuscript formatting to fit the Journal’s specifications should consider using SAGE Language Services. Visit SAGE Language Services on our Journal Author Gateway for further information.

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    5. Submitting your manuscript

    Journal of Emerging Market Finance is hosted on SAGE Track SAGE, a web based online submission and peer review system. Visit https://peerreview.sagepub.com/emf to login and submit your article online.

    IMPORTANT: Please check whether you already have an account in the system before trying to create a new one. If you have reviewed or authored for the Journal in the past year it is likely that you will have had an account created.

    5.1 ORCID

    As part of our commitment to ensuring an ethical, transparent and fair peer review process SAGE is a supporting member of ORCID, the Open Researcher and Contributor ID. ORCID provides a unique and persistent digital identifier that distinguishes researchers from every other researcher, even those who share the same name, and, through integration in key research workflows such as manuscript and grant submission, supports automated linkages between researchers and their professional activities, ensuring that their work is recognized.

    The collection of ORCID IDs from corresponding authors is now part of the submission process of this Journal. If you already have an ORCID ID you will be asked to associate that to your submission during the online submission process. We also strongly encourage all co-authors to link their ORCID ID to their accounts in our online peer review platforms. It takes seconds to do: click the link when prompted, sign into your ORCID account and our systems are automatically updated. Your ORCID ID will become part of your accepted publication’s metadata, making your work attributable to you and only you. Your ORCID ID is published with your article so that fellow researchers reading your work can link to your ORCID profile and from there link to your other publications.

    If you do not already have an ORCID ID please follow this link to create one or visit our ORCID homepage to learn more.

    5.2 Information required for completing your submission

    You will be asked to provide contact details and academic affiliations for all co-authors via the submission system and identify who is to be the corresponding author. These details must match what appears on your manuscript. The affiliation listed in the manuscript should be the institution where the research was conducted. If an author has moved to a new institution since completing the research, the new affiliation can be included in a manuscript note at the end of the paper. At this stage please ensure you have included all the required statements and declarations and uploaded any additional supplementary files (including reporting guidelines where relevant).

    5.3 Permissions

    Please also ensure that you have obtained any necessary permission from copyright holders for reproducing any illustrations, tables, figures or lengthy quotations previously published elsewhere. For further information including guidance on fair dealing for criticism and review, please see the Copyright and Permissions page on the SAGE Author Gateway

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    6. On acceptance and publication

    6.1 SAGE Production

    Your SAGE Production Editor will keep you informed as to your article’s progress throughout the production process. Proofs will be made available to the corresponding author via email, and corrections should be made directly or notified to us promptly. Authors are reminded to check their proofs carefully to confirm that all author information, including names, affiliations, sequence and contact details are correct, and that Funding and Conflict of Interest statements, if any, are accurate. Please note that if there are any changes to the author list at this stage all authors will be required to complete and sign a form authorising the change.

    6.2 Online First publication

    Online First allows final articles (completed and approved articles awaiting assignment to a future issue) to be published online prior to their inclusion in a journal issue, which significantly reduces the lead time between submission and publication. Visit the SAGE Journals help page for more details, including how to cite Online First articles.

    6.3 Access to your published article

    SAGE provides authors with online access to their final article.

    6.4 Promoting your article

    Publication is not the end of the process! You can help disseminate your paper and ensure it is as widely read and cited as possible. The SAGE Author Gateway has numerous resources to help you promote your work. Visit the Promote Your Article page on the Gateway for tips and advice.

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    7. Further information

    Any correspondence, queries or additional requests for information on the manuscript submission process should be sent to the Journal Administrator at https://peerreview.sagepub.com/emf
    Or to the Editor, Prof Bala Subramanian, at bala@ifmr.ac.in

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