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JOURNAL OF FINANCIAL MARKETS

Guide for Authors

Online submission
All submissions are handled online at External link http://irps.ucsd.edu/jfm Manuscripts must be submitted as two PDF files using the submission form: one with the title page and one anonymous copy with the main text stripped of the title page and any other identifiers to preserve author anonymity in the review process. Manuscripts will be processed by that editor who, in the opinion of the three editors, is the most familiar with the topic of the paper.

Once a paper arrives at the journal an e-mail is sent to the corresponding author acknowledging that the paper is under review. If you do not receive an e-mail verifying our receipt of your paper then it has not been processed, and it is likely we do not have it. Please contact the journal to help us determine if your paper has been lost somewhere in the submission process.

Submission fees
The submission fee is US$ 170. Most of this is used to defray the cost of having the paper refereed. Paying our referees helps to encourage both quick turnaround times, and quality reports. We hope that you will agree that while this imposes an additional financial cost, it is more than made up by the reduced time from submission to reply.

Payments by Check
All checks (whether from the U.S. or elsewhere) MUST have "encoding" at the bottom. Banks use this string of numbers to automatically route checks to the appropriate source. If your check does not have encoding it will be returned to you, and you will be asked to send a new check. Without encoding our bank will not process your check!

For payments by check in U.S. dollars by a non-U.S. bank (for example, a check written off of a German bank in U.S. dollars): These checks are not acceptable! Checks must be written against banks with an associated U.S. branch. Acceptable checks have encoding and typically a U.S. clearing bank such as Citibank U.S. noted somewhere on the check.

Payments by Credit Card
Authors can pay their submission fees with credit cards within the electronic submission system.

If a decision on a manuscript is not rendered within 100 days the journal will refund the US$ 170 submission fee.

Recommendations for Initial Submissions
Papers are initially reviewed by the editor in charge. Once the editor reviews the manuscript he then determines whether or not to seek the advice of one or more anonymous referees. Submitting a paper does not guarantee that you will receive a referee report.

When a paper is sent to a referee it goes without the author's identifying information. You can help with the processing of your paper by making sure it conforms to the following style guidelines:

• The electronic submission requires you to submit the title page as a separate PDF file. It should list each author's name and contact information.

• The electronic submission requires you to submit the body of the paper as a separate PDF file. It should begin with a page that contains the paper's title and abstract of and no other information! The main text of the paper should begin on the page that follows.

We will process your paper even if you do not follow the above style guidelines as long as it is entered successfully into the electronic submission system. However, failure to follow the guidelines will probably make it impossible to do so. You can avoid this fate by following the directions given above.

For initial submissions you do not need to follow the publisher's style requirements. Those criteria only need to be followed once your paper is accepted for publication.

Legal and Copyright
Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all Authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, it will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher.

Upon acceptance of an article, Authors will be asked to transfer copyright.
See External link http://www.elsevier.com/authorsrights for more information.

If excerpts from other copyrighted works are included, the Author(s) must obtain written permission from the copyright owners and credit the source(s) in the article. Elsevier has forms for use by Authors in these cases: contact Elsevier's Rights Department, Oxford, UK: phone (+44) 1865 843830, fax (+44) 1865 853333, e-mail permissions@elsevier.com Requests may also be completed on-line via External link http://www.elsevier.com/locate/permissions

Word processors
Save the file in the native format of the word processor used. The text should be in single-column format. Keep the layout of the text as simple as possible. Most formatting codes will be removed and replaced on processing the article. In particular, do not use the word processor's options to justify text or to hyphenate words. However, do use bold face, italics, subscripts, superscripts etc. Do not embed "graphically designed" equations or tables, but prepare these using the word processor's facility. When preparing tables, if you are using a table grid, use only one grid for each individual table and not a grid for each row. If no grid is used, use tabs, not spaces, to align columns. Do not import the figures into the text file but, instead, indicate their approximate locations directly in the electronic text. To avoid unnecessary errors you are strongly advised to use the "spellchecker" function of your word processor.

Article
Language. Articles must be written in good English

Title. Concise and informative. Avoid abbreviations and formulae.

Author names and affiliations. Where the family name may be ambiguous (e.g., a double name), please indicate this clearly using appropriate script (capital cases as first letter of authors' first and surnames followed by lower cases). The Present the Authors' affiliation addresses (where the actual work was done) below the names. Indicate all affiliations with a lower-case superscript letter immediately after the Author's name and in front of the appropriate address. Provide the full postal address of each affiliation, including the country name, and, if available, the e-mail address of each Author.

Corresponding Author. Clearly indicate who is willing to handle correspondence at all stages of refereeing and publication, also post-publication. Ensure that telephone and fax numbers (with country and area code) are provided in addition to the e-mail address and the complete postal address.

Abstract. A concise abstract should briefly state the purpose of the research and the main results. An abstract is often presented separate from the article, so it must be able to stand alone.

Classification codes and keywords. Provide at least one standard JEL code External link http://www.aeaweb.org/journal/elclasjn.htmland up to 5 additional keywords.

Illustrations. Graphics files can be uploaded via External link http://ees.elsevier.com/ecolet A guide on electronic artwork is available on External link http://www.elsevier.com/artworkinstructions

References
All citations in the text should refer to:
- Single Author: the Author's name (without initials, unless there is ambiguity) and the year of publication;
- Two Authors: both Authors' names and the year of publication;
- Three or more Authors: first Author's name followed by "et al." and the year of publication.
Examples: "as demonstrated in (Allan, 1996a, 1996b, 1999; Allan and Jones, 1995). Lee et al. (2000) have recently shown"

In the references list references should be arranged first alphabetically and then further sorted chronologically if necessary. More than one reference from the same Author(s) in the same year must be identified by the letters "a", "b", "c", etc., placed after the year of publication. Examples:

Reference to a journal publication:
-Griffiths W, Judge G. Testing and estimating location vectors when the error covariance matrix is unknown. Journal of Econometrics 1992;54; 121-138 (note that journal names are not to be abbreviated).

Reference to a book:
-Hawawini G, Swary I. Mergers and acquisitions in the U.S. banking industry: Evidence from the capital markets. North-Holland: Amsterdam; 1990.

Reference to a chapter in an edited book:
-Brunner K, Melzer AH 1990. Money Supply. In: Friedman BM, Hahn FH (Eds), Handbook of monetary economics, vol.1. North-Holland: Amsterdam; 1990. p. 357-396.

Citing and listing of Web references. As a minimum, the full URL should be given. Any further information, if known (Author names, dates, reference to a source publication, etc.), should also be given. Web references can be listed separately (e.g., after the reference list) under a different heading if desired, or can be included in the reference list.

Reprints
Twenty-five reprints of each paper are supplied free of charge to the corresponding author; additional reprints are available at cost if they are ordered when the proof is returned.

Submission checklist
• One Author designated as corresponding Author:
• E-mail address
• Full postal address
• Telephone and fax numbers
• All necessary files have been uploaded
• JEL code(s) and keywords
• All figure captions
• All tables (including title, description, footnotes)
• Manuscript has been "spellchecked"
• References are in the correct format for this journal
• All references mentioned in the Reference list are cited in the text, and vice versa
• Permission has been obtained for use of copyrighted material from other sources (including the Web)

For any further information please contact the Author Support Department atauthorsupport@elsevier.com
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