The authors are responsible for sending for review and publication only new and original works that have not been published elsewhere or sent for evaluation to any other journals.

The Review of Finance and Banking does not charge for processing, submission or publication fees.

The corresponding authors are responsible to insure that all authors agreed to send the paper for review to The Review of Finance and Banking.

The paper sent for review must be accompanied by a cover letter in which the author states that the above mentioned requirements are fulfilled. The cover letter must also mention which of the following areas the article belongs to:

  • corporate finance
  • investments
  • portfolio management
  • corporate governance
  • insurance
  • public finance
  • valuation
  • international finance
  • financial markets
  • real estate
  • monetary and fiscal policies

Changes regarding addition, deletion or rearrangement of author names in the authorship are allowed only as exceptions. In case these changes have solid grounds, the procedure below applies.

Changes required before the accepted manuscript is published in an online issue: Requests to add or remove an author, or to rearrange the author names, must be sent to the Journal Manager from the corresponding author and must include: (a) the reason of the change required (b) written confirmation (e-mail, fax, letter) from all authors that they agree with the addition, removal or rearrangement. In the case of addition or removal of authors, this includes confirmation from the author being added or removed. If the request is initiated by another author, the Journal will inform the corresponding author to comply the procedure above. The publication of the accepted manuscript in an online issue is suspended until authorship has been agreed.

Changes notified after the accepted manuscript is published in an online issue: Any requests to add, delete, or rearrange author names in an article published in an online issue will follow the same policies as noted above and result in a corrigendum. 

The manuscripts will be submitted in english language . This journal accepts Microsoft Word documents or LaTeX files.

The manuscripts will be sent to e-mail adress:


Instructions for Submitting LaTeX Files

•  Submit your source file in LaTeX format as a single file.

•  Submit figure and table files separately. Figure files must be named according to figure number.

•  Follow resolution and formatting guidelines for figures as indicated below.

•  Do not embed tables in the text file.


General instructions


Please provide a complete mailing address, e-mail address, telephone number, and fax number for each author. Supply the professional title and affiliation of each author. This information must appear on separate page at the beginning of the manuscript.

The title should be short and informative. The main text of the manuscript should be divided into subsections for clarity. Authors are responsible for the accuracy of all written material.

A 100–word abstract communicating the essence of the paper is required. The abstract should succinctly and accurately describe the paper so that appropriate referees can be matched to the topic.

The JEL Classification and the Keywords are required. This information must appear below the abstract.

Wherever possible, detailed mathematical analysis should be placed in an Appendix.

Expository footnotes should be cited in the text with a superscript Arabic number and typed on a separate page at the end of the manuscript.

The introduction should include a statement of the problem being addressed, why it is important, and to whom it is important. How is the study related to other work? Is it an extension? Major or minor? Is it a correction or difference of interpretation?

The conclusion should tell the reader clearly what the paper finds or demonstrates. It should be consistent with the objectives set forth in the introduction. It should describe the implications of the results for researchers, traders, policy makers, etc.

Editorial Suggestions

Personal pronouns (I, we, our, etc.) should be used sparsely. The first person should be used when it clarifies or avoids awkward phrasing. Otherwise, third person should be used. For example, instead of writing "We examined daily data on S&P 500 stock index futures prices," write "Daily data on S&P 500 stock index futures prices were examined." First person singular should be used when there is a single author, and first person plural should be used when there are two or more authors.

Use present tense throughout (introduction, main body, conclusion). Past tense should be reserved for descriptions of past research.

Use simple, straightforward, declarative sentences . Compound sentences are acceptable if they are clear in their meaning. Hint: Avoid starting a sentence with a phrase.

Literature Citations

Examples of the proper style for in-text citations are given below.

  1. Phelps (1996) and Atkinson and Black (1989) stated that . . .
  2. A recent study has shown the time period is longer (Dylan, 1997; Lennon & Murray, 2003).


Atkinson, M. J., & Jones, M. G. (1991). The financial markets (4rd ed.). New York : Wiley.


Mason, C. K., Rao, R. P., & Steven, R. S. (1992). Limit moves and price resolution: A reply. The Journal of Markets, 12, 361–363.

Article in edited book

Black, F. M., & Light, O. B. (1993). Heteroscedasticity. In A. C. Gail (Ed.), Econometrics (pp. 517–552). Oxford : Oxford University Press.

Unpublished paper presented at a meeting

Black, L., & Lennon, J. (1998, February). The inside traders. Paper presented at the annual meeting of the American Finance Association, Munich , Germany .

Published proceedings of meetings and symposia

McCartney, C. B., Elf, S., Embrach, T. H., & Nesta, K. (1997). Monetary policy. In W. W. Hart & Z. Rubinstein (Eds.), American Econometric Association Proceedings No. 512 (pp. 1–25). Washington , DC : American University Press.

Unpublished doctoral dissertation

Svensson, A. (2001). Analyses of American companies in the late 1990s. Unpublished doctoral dissertation, Georgetown University , Washington , DC.


References should refer only to material listed within the text. Do not abbreviate journal names. Authors should review and verify references before manuscripts are submitted for consideration, because they alone are responsible for accuracy and completeness.

Anthologies and collections must include names of editors and pages on which the reference appears. Books in a series must include series title and number/volume if applicable. Because of the large quantity of conference proceedings available, it is critical to give as much information as possible when citing references from proceedings. Please include the complete title of the meeting, symposium, etc. (do not abbreviate titles), and the city and dates of the meeting. If a proceeding has been published, please provide the editors' names, publisher, city, and year of publication, and pages on which the article appears.


Each table must be cited in the text, but the tables themselves should not be embedded in the article text. Each table should be in a separate file. All tables should be numbered consecutively with Roman numerals and should include an explanatory heading for the table as a whole and for each column within the table. All tables should be orientated like portrait. The tables with the landscape orientation are not suitable.


Figures should not be embedded in the text. Please cite the figure in the article text and provide a list of figure captions at the end of the manuscript, after the references. Figures must be numbered consecutively with Arabic numerals. All figures should be orientated like portrait. The figures with the landscape orientation are not suitable.

Figures are best submitted in TIFF or BMP formats. Each figure should be in a separate file. Figures must be made only of black & white lines.



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