Investment Management and Financial Innovations

ISSN 1810-4967 (print), 1812-9358 (online)
Issued from September 2004
Publisher LLC “Consulting Publishing Company “Business Perspectives”
Founder LLC “Consulting Publishing Company “Business Perspectives”
Investment Management and Financial Innovations

The international research journal “Investment Management and Financial Innovations” is double blind peer-reviewed. It is published quarterly in Sumy, Ukraine and since January, 2017 supports full Open Access. The target audience of the journal includes researchers, scholars, lecturers, students, and practitioners.

Aims and Scope

The journal covers all aspects of investment activity management on both global and local levels, strategy and methods of investment purposes achievement, investment process participants, investment tools, monetary systems, financial markets, and financial innovations. It publishes articles, which are focused on financial management issues, financial innovations, modern trends and tendencies of investment activity management both on macro- and micro-levels.

Key topics:

  • financial and investment markets;
  • government policy and regulation;
  • information and market efficiency;
  • financial forecasting and simulation;
  • financial institutions: investment companies, investment funds, investment banks, hedge funds, private pension funds;
  • objects of real and financial investing;
  • financial instruments and derivatives;
  • efficiency of investment projects;
  • econometric and statistic methods in project management;
  • alternative investments;
  • ratings and rating agencies.

Subject Area – Business, Management and Accounting. Subject Category – Business, Management and Accounting (miscellaneous).

Subject Area – Economics, Econometrics and Finance. Subject Category – Economics and Econometrics; Finance.

Download COVER LETTER form


2014: CiteScore - 0.20; SNIP - 0.470; SJR - 0.207
2015: CiteScore - 0.25; SNIP - 0.410; SJR - 0.209
2016: CiteScore – 0.23; SNIP – 0.489; SJR – 0.158
2017: CiteScore – 0.30; SNIP – 0.536; SJR – 0.166


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Open Access Statement

Journal is committed to full open access for scholarly publications. All articles are available to all users immediately upon publication (without registration on the site and embargo period).

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. (Source:

Benefits of the open access are: increased citation and usage; rapid publication; faster impact with permissive licenses; copyright retention by the author.
Authors can choose either of Creative Commons licenses (CC-BY 4.0 or CC-BY-NC 4.0). Find detailed information in the Copyright section.


Editorial Office Contact Form

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Natalya (Natasha) V. Delcoure

Dean, Professor of Finance, College of Business Administration, Texas A&M University-Kingsville, USA.

Volodymyr Ponomarenko

Doctor of Economics, Professor, Corresponding Member of National Academy of Educational Sciences of Ukraine, Academic of Engineering Academy of Ukraine, Rector of Simon Kuznets Kharkiv National University of Economics, Ukraine.

Kenichiro Miyamura

Dean, Graduate School of Business Administration, Toyo University, Tokyo, Japan.

Advising Editors

Robert Brooks

Professor, Department of Econometrics and Business Statistics, Faculty of Business and Economics, Monash University, Australia.
Google Scholar Citations

Svetlozar (Zari) Rachev

Professor, Department of Mathematics & Statistics, Texas Tech University, USA.
Google Scholar Citations

Editorial Board

Erdal Atukeren

Ph.D., Professor, Business School Lausanne, Switzerland.

Galina Azarenkova

Doctor of Economics, Professor, Head of the Department of Finance, Banking and Insurance, Kharkiv Educational and Scientific Institute of SHEI “Banking University”, Ukraine.

Benzion Barlev

Ph.D., Lev Academic Center and John Berg Professor Emeritus of Accounting, Jerusalem School of Business Administration, The Hebrew University of Jerusalem, Israel.

Bernardino Benito

Dr., Professor, Department of Accounting and Finance, Faculty of Economics and Business, University of Murcia, Spain.

Earl Benson

Professor of Finance, Department of Finance and Marketing, Western Washington University, USA.

Ramaprasad Bhar

Associate Professor, Risk Management Programs Coordinator, UNSW Business School, The University of New South Wales, Australia.
Google Scholar Citations

Alessio Emanuele Biondo

Associate Professor of Economic Policy, Department of Economics and Business, University of Catania,Italy.

Agyenim Boateng

Professor of Finance and Banking, Department of Law, Economics, Accounting & Risk, Glasgow Caledonian University, United Kingdom.
Google Scholar Citations

Ghassen Bouslama

Associate Professor of Finance, NEOMA Business School, France.

K.C. Chen

Ph.D., Chartered Financial Analyst, Theodore F. Brix Endowed Chair in Finance, Department of Finance and Business Law, California State University, Fresno, USA.

Mihir Dash

Associate Professor, Alliance School of Business, Alliance University, Bangalore, India.

David C. Distad

Ph.D., CFA, University of California at Berkeley; Investments Consultant, Distad & Associates, USA.

Ahmad Etebari

Ph.D., Professor of Finance and Co-Chair of the Atkins Strategic Investment Center at the University of New Hampshire’s Peter T. Paul College, Durham, USA.
Google Scholar Citations

Frank J. Fabozzi

Professor of Finance, EDHEC Business School and Senior Scientific Adviser at EDHEC-Risk Institute, France.

Pablo Fernandez

Ph.D., Professor of Financial Management, PricewaterhouseCoopers Chair of Corporate Finance, IESE Business School, University of Navarra, Spain.
Google Scholar Citations

Manfred Frühwirth

Dr., Associate Professor, Department of Finance, Accounting and Statistics, Institute for Finance, Banking and Insurance, Vienna University of Economics and Business; Academic Director – Professional MBA Finance, Austria.

Kostas Giannopoulos

Professor of Finance, Neapolis University, Cyprus.

Fazil Gokgoz

Ph.D., Professor, Vice Dean and Chair of Quantitative Methods Division of Faculty of Political Sciences, Ankara University, Turkey.

Liang Guo

Associate Professor of Finance, Department of Accounting and Finance, College of Business & Public Administration, California State University, San Bernardino, USA.

John A. Haslem

Ph.D., Professor Emeritus of Finance, Robert H. Smith School of Business, University of Maryland, USA.

Nathalie Hilmi

Professor of Finance and Macroeconomics, International University of Monaco, International Atomic Energy Agency, Scientific Center of Monaco, Monaco.

Robert M. Hull

Professor, Clarence King Endowed Chair in Finance, Washburn University, USA.
Google Scholar Citations

A. Can Inci

Ph.D., Full Professor of Finance, College of Business, Bryant University, Rhode Island, USA.

Danling Jiang

Associate Professor of Finance, College of Business, State University of New York at Stony Brook, USA.
Google Scholar Citations

Olga Kneysler

Doctor of Economics, Professor, Head of the Department for Economic Entities Finance and Insurance, Ternopil National Economic University, Ukraine.
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Maxim Korneyev

Ph.D., Associate Professor, University of Customs and Finance, Dnipro, Ukraine.
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Yulia Kovalenko

Doctor of Economic Sciences, Professor, Department of Financial Markets, University of the State Fiscal Service of Ukraine, Ukraine.

Edward Lawrence

Full Professor of Finance, College of Business Administration, University of Missouri, USA.

Da-Hsiang Donald Lien

Ph.D., Richard S. Liu Distinguished Chair in Business Department of Economics, College of Business, University of Texas at San Antonio, USA.

Otto Loistl

Professor Emeritus,Vienna University of Economics and Business, Austria.

Cornelis A. Los

Semi-retired Professor of Economics and Finance, Lecturer in Finance, Paul Merage School of Business, University of California at Irvine, USA.
Google Scholar Citations

Stelios N. Markoulis

Dr., Adjunct Lecturer University of Cyprus, Visiting Lecturer Cyprus International Institute of Management, Honorary Visiting Research Fellow Cass Business School, London, UK.
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Marco Micocci

Full Professor of Financial Mathematics and Actuarial Science, University of Cagliari, Italy.
Google Scholar Citations

J. Austin Murphy

Full Professor of Finance, Oakland University, USA.

Amina Mussina

Doctor of Economic Sciences, Professor of Finance Department, Kazakh University of Economics, Finance and International Trade; Director, Center for Social and Economic Research, Astana, Republic of Kazakhstan.

Haitham Nobanee

Visiting Research Professor/Fellow, The University of Oxford, Oxford, UK; Honorary Professor & Doctoral Supervisor, the University of Liverpool Management School, the University of Liverpool, Liverpool, UK; Associate Professor of Finance, College of Business Administration, Abu Dhabi University, UAE.
Google Scholar Citations

João Pinto

Professor of Finance, Católica Porto Business School; Vice-President, Catholic University of Portugal-Porto, Portugal.

Petr Polak

Ph.D., Associate Professor in Finance, Faculty of Business, Economics and Policy Studies, University of Brunei Darussalam, Brunei.
Google Scholar Citations

Sunil S. Poshakwale

Ph.D., Professor of International Finance, Finance and Accounting, Cranfield School of Management, Cranfield University, UK.

Atul Rai

Ph.D., Associate Professor and Jones Faculty Fellow in Corporate Governance, School of Accountancy Barton, School of Business, Wichita State University, USA.
Google Scholar Citations

Nidal Rashid Sabri

Professor and Dean of College of Economics, Birzeit University, Palestine.
Google Scholar Citations

Asma Salman

Ph.D. CFM, Associate Professor, Department Chair of Accounting and Finance, College of Business Administration, American University in the Emirates, UAE.
Google Scholar Citations

Vrajlal K. Sapovadia

Dr., Executive Director of Shanti Business School, Ahmedabad, India.
Google Scholar Citations

Inna Shkolnyk

Dr., Professor, Head of Department of Finance, Banking and Insurance, Sumy State University, Ukraine.
Google Scholar Citations

Kishore Tandon

Professor, Bert Wasserman Department of Economics and Finance, Zicklin School of Business, Baruch College (CUNY), USA.

George F. Tannous

Ph.D., George S. Dembroski Investment Scholar, Professor of Finance, Edwards School of Business, University of Saskatchewan, Saskatoon, Saskatchewan, Canada.
Google Scholar Citations

Shakir Ullah

Dr., Professor & International Research Coordinator, Stratford University, Virginia, USA; Chair of Stratford University’s Institutional Review Board (IRB); Adjunct Assistant Professor, University of Maryland University College, Maryland, USA; Ph.D. Advisor, Georgetown University, Washington D.C., USA.
Google Scholar Citations

Joseph Doung Vu

Associate Professor of Finance, Department of Finance, DePaul University, USA.

Robert A. Weigand

Ph.D., Professor of Finance and Brenneman Professor of Business Strategy, Washburn University School of Business, USA.
Google Scholar Citations

Guneratne B Wickremasinghe

Ph.D., Senior Lecturer, School of Accounting & Finance, Faculty of Business and Law, Victoria University, Melbourne, Victoria, Australia.

Piotr Wisniewski

Associate Professor of Corporate Finance, Warsaw School of Economics, Poland.
Google Scholar Citations

Nicholas Wonder

Associate Professor of Finance, Department of Finance and Marketing, College of Business and Economics, Western Washington University, USA.

Congsheng Wu

Ph.D., Professor of Finance, University of Bridgeport, USA.
Google Scholar Citations

Oleg Yaremenko

Doctor of Economics, Professor, Senior Research Fellow of the State Organization “Institute for Economics and Forecasting, Ukrainian National Academy of Sciences”, V. N. Karazin Kharkiv National University, Ukraine.

Burhan Fatih Yavas

Chair, Department of Accounting, Finance & Economics, California State University, Dominguez Hills (CSUDH), USA.
Google Scholar Citations

Rami Zeitun

Ph.D., Assistant Professor of Finance, College of Business and Economics, University of Qatar, Qatar.
Google Scholar Citations

Fedir Zhuravka

Doctor of Economics, Professor, Department of International Economics, Sumy State University, Sumy, Ukraine.
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Magdalena Zioło

Associate Professor, Faculty of Economics and Management, University of Szczecin, Poland.

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Editorial Policies and Publication Ethics

The Limited Liability Company “Consulting Publishing Company “Business Perspectives” - publisher of "Investment Management and Financial Innovations" Journal follows Principles of Transparency and Best Practice in Scholarly Publishing

Guidelines for editors and reviewers

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Plagiarism Statement

All manuscripts that are being sent for an external peer review, are screened for originality. By submitting their manuscripts to the journal authors are agreeing to any necessary originality checks the manuscript may have to undergo during the publication process.

The Publishing Company "Business Perspectives" advocates adherence to the principles of ethics and integrity of science, which is why it has chosen a reliable partner in ensuring the scientific publications quality and has concluded a cooperation agreement with Unicheck.

The service was created by Ukrainian developers in 2014 and is actively functioning at academic institutions, universities, publishing houses, etc. in Ukraine, Belgium, the USA and other countries of the world.

Clear and manageable reporting data (search and ability to take properly cited sentences and list of references); colorizing all text similarities and generating a list of links to original sources; automatic determining the characters and letters replacement in the text, as well as the reverse automatic substitution into the text of the correct ones and search for a modified version plagiarism; one-page test rate is 2-4 seconds; possibility of simultaneous check up as much as 100 works; support for 18 file formats; and multilingualism (56 languages) are the service advantages. Thanks to the detailed reports generated by Unicheck, the evaluating each work gets much simpler and faster.

Besides the Ukrainian software, manuscripts are additionally tested using the powerful Similarity Check service initiated by the PILA publishers association and embedded in CrossRef international scientific and research information register. This service is developed for publishers to prevent scientific and professional plagiarism; it consists of Similarity Check and the iThenticate tool, which compares the author's work with the database contents and shows similarities or similar text for further review of the academic paper.

Plagiarism implies the use another author's work without permission or acknowledgement. Plagiarism may have different forms from copying word by word to rewriting. While defining plagiarism the following definitions are taken into account:

Literal copying
Copying the work word by word, in general or in parts, without permission or acknowledgement of the source. Literal copying is clearly plagiarism and is easily detected by plagiarism software.

Substantial copying
Replicating substantial part of the work without permission and confirmation of the source. In determining what is "substantial", both the quantity and the quality of the copied content are relevant. Quality is measured by relative value of copied text comparing to the whole text. Where the essence of the work was copied, even not very big part of it, plagiarism is identified.

Copying may be made without literal replicating, used in the original work. This type of copying is known as paraphrasing and it may be the most difficult type of plagiarism to reveal.
Plagiarism in all its forms is unacceptable and will lead to immediate rejection of the paper along with possible sanctions against authors.


Publication History

The journal “Investment Management and Financial Innovations” ISSN (print) 1810-4967, ISSN (online) 1812-9358 was founded by LLC “CPC “Business Perspectives” (Sumy, Ukraine) in 2004 and registered by Ministry of Justice of Ukraine (No. КВ 9032 from August 05, 2004). The journal is published in Sumy (Ukraine), quarterly in English.

Since January 2017, the journal is open-access. The journal is committed to full open access for scholarly publications. All articles are available to all users immediately upon publication (without registration on the site and embargo period).

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Structure of the Paper and Manuscript Submission Guidelines

Before submission to the editorial staff of the journal, please check Research Misconduct Policies, infringement of which will result in immediate rejection of the manuscript and possible sanctions against the author.
The authors are strongly recommended to read the “Guidelines for Authors and Translators of Scientific Articles to be Published in English” at the website of The European Association of Science Editors (EASE), which guides our work.
Make sure that the manuscript presents an academic value, significance of research, as well as that its originality and practical significance are well described; the manuscript makes a contribution to earlier researches concerning the topic.

The author should attentively read the manuscript submission guidelines. These guidelines are not so rigid that even the slightest deviation from them will result in the refusal of the manuscript. However, we ask the authors to do their best to meet them, as it will provide the quality of their materials and will make it easier for the editorial staff to set the manuscript for publication.

Please define the type of the manuscript of four possible variants and adhere to both the general guidelines and the recommendations, which are specific for the type of the chosen manuscript.

The following types of manuscripts can be submitted to the journal:

  • original scientific paper, which is a final report on the finished original experimental study;
  • theoretical paper, which is devoted to theoretical study of the problem, which complies with the journal’s scope;
  • review paper, which is a study of concrete scientific problem, which complies with the journal’s scope and is conducted based on the materials of the scientific publications;
  • short communication paper on the event (conference, seminar, exhibition, issue of the important monograph), which complies with the journal’s scope.

The manuscript should be sent to the editorial staff of the journal via e-mail together with the filled and signed Cover letter form. Please, try hard to send a paper with good level of English. Well-written manuscripts will let editors and reviewers concentrate on their academic value.

Structure of the Paper

The presentation of the material in the manuscript should be built on the principle “from the general to the particular”.

The structure of research paper should consist of the following sections (it does not exclude the presence of additional subsections) and comply with the international standard АIMRaD (Abstract, Introduction, Methods, Results, and Discussion).

Theoretical paper – АIТвRaD (Abstract, Introduction, Theoretical Basis, Results, and Discussion).

Review paper – Abstract, Introduction, Literature review, generalization of the main statements and Discussion.

Short communication paper is structured by the author in his own, but with compulsory reference to the date and place of the event. However, it does not include a big list of references and supplementary materials.

The title of the paper should fully reflect the topic of the research and its content. It must be short and concrete (not more than 15 words). Besides it should catch the reader’s interest and it should be written using the scientific style. It is appropriate to point the object of research or concretize it using the colon or the brackets. It is not recommended to use contractions, but if used, then only for the commonly known ones.

Author (authors)
Here the name (first name and last name) of the author (authors) (Byline?) must be written. Those authors who use the patronymic or middle name should write only the first. The authors whose names are written in the Cyrillic alphabet must transliterate them correctly. Those who need the transliteration can use the websites or
After the names of the authors, there should be written their academic degree and academic rank, places of work (university, academic institution, etc. or the organization to which they belong) (Affiliation), city and country. If the name of city or country is already used as author's affiliation still both the city and the country should be indicated. The name of the organization or the institution must be indicated, separated by the comma in the nominative case and this name must be full, without contractions and abbreviations. Also the authors should indicate their e-mails.
If there are several authors, they make a decision themselves concerning the order of their mentioning in the title of the paper (recommended variant – depending on the contribution to the research). The list of authors includes only those persons who have really taken part in the research and agreed to bear full responsibility for its content. Research funding or taking part in paying the article processing charge is not a prerequisite for being included in the list of co-authors. While forming the list of the authors, a special attention should be paid to the COPE (Committee on Publication Ethics) principles.

In order to bring the academic degrees, academic ranks and occupations, which are used in some emerging economies or the developing countries, in line with the international standards, the corresponding table should be used ENGLISH EQUIVALENTS FOR ACADEMIC RANKS, DEGREES AND JOB TITLES.

It should be written using the following algorithm: first two or three sentences indicate the relevance of the topic; the aim and object of the study; the methodology (methods) of the study (for theoretical studies – its theoretical basis) are described; the obtained results and their practical value are characterized. At the same time, every statement must follow logically from the previous one. In the abstract for a research paper, it is recommended to use the numerical results. In the abstract of a review paper, the author can only point the issues discussed, without presenting the results. While writing the abstract, it is necessary to use the active voice instead of the passive voice, and such words as “thus”, “for instance”, “as a result”, etc. In the abstract, the author should not refer to any researches or other sources of information. The abstract should be written without subsections and without subtitles, i.e., is not structured. The text should be concise and original. It is not appropriate to use the sentences in the Abstract from the text of the paper. At the same time, the material which is absent in the paper cannot be presented in the Abstract. In the Abstract, the author should not refer to any sources, use tables and figures. The number of words must be in average 150-250.

The purpose of keywords is to provide the insight to the reader into the contents of the paper. They should reflect the area of the research. The number of keywords should be 5-10 in average. There should not be the sentences, but the words or word groups. If the object of the study is not mentioned in the title of the paper (including the country, the region), it should be added to the list of keywords. There is no need to replicate words from the title of the paper.

JEL Classification
If earlier the author was not aware of this classification system, he/she should attentively look through it in order to have a common understanding of all the areas defined in it The codes, indicated by the author should clearly reflect the research area. The author is welcome to use the codes from two or three areas, if they are covered in the research.

Both scientific issues and the relevance of the research should be substantiated and explained in the introduction. Also a problem statement should be pointed out. The introduction should not be long, the author should avoid using tables and figures.

Literature Review
Literature review provides an analysis and generalization of relevant works (papers, monographs, reports, theses, etc.), which describe the essence of the problem and/or give an understanding on the previous efforts to solve it. The Literature Review should comply with the aim of the research (“fitness for purpose”) and represent the results of critical analysis of the analytical base for testing the research hypothesis.
Literature review must not be limited only by works, which were published in the country where the author lives and works (the problem should be studied globally). Particularly it concerns the authors from non-English speaking countries (they are recommended to thoroughly analyze the works published in English).
If appropriate, normative legal acts are also analyzed.
Only those sources are given and analyzed in the paper, which really are valuable for the author’s research. The author cannot just make long lists of authors and their works, which are related to the investigated issues. The author cannot take the pieces of review text from other works with reference to other authors and include their works in the list of references. When citing, the author is obliged to observe ethical and moral principles.
While making literature review, the author can use own publications and refer to them, but only in order to describe the problem, but not to increase the citation level.
It is recommended to finish the literature review with the presentation of unsolved issues, identification of contradictions in the results and findings of the previous researches, justification of the need to continue the studies in this area and choice of the specific topic (direction) of this study.
In the literature review and throughout the text of the paper as a whole, references to the sources are made in compliance with Reference list and citation style guide or refer to APA formatting and style guide (American Psychological Association).

The aim describes main results in a short and concrete manner (in one sentence), the achievement of which is the purpose of the research. Here can also be mentioned several intermediate problems, the solution of which will ensure that the aim is achieved. The aim should not replicate the title of the manuscript.

The methods (methodology) of the study are indicated in this section (commonly known), which author uses in the research, and/or the methodology offered by the author himself is described in a short and concrete manner. If methods and procedures offered are used in other works, the author should refer to the original sources.
In this subsection of the theoretical paper the theoretical basis of the research should be described, theories, perspectives, formulae, equations should be presented.
If commonly known statistic procedures are used in the paper, the author should not describe their essence, it is sufficient just to point them.

Here empirical or theoretical data obtained in the process of the research are given. It is recommended to use figures, tables, graphs, schemes. The interpretation of the obtained results is not made in this section. Also there should not be presented the results, which were earlier obtained by the authors or other scientists.

Here the interpretation of the results obtained during the research is made. A comparison is made with the results obtained by other researchers.

In this section the main ideas of the manuscript are presented, the obtained results and their novelty are demonstrated. The possibility of practical use of the obtained results should be outlined and the directions for further scientific research should be offered.

In this subsection, the relevant scientific programs, grants, scholarships, contracts are indicated.
The author can also mention the persons or organizations, which helped him in conducting the research (access to information, organization of the survey, interview, etc.) and preparation of the paper (advice at the stage of writing, critical remarks, help in calculations, etc.).

The list of references must be made in the alphabetical order. While indicating the source, which was analyzed in the source language (not in English), it should be indicated first in the source language, then the transliteration should be made in brackets. It is recommended that it should be done with the transliteration for English-speaking systems (it is better to use transliteration of the system British Standards Institution.
Download “Business Perspectives” Reference list and citation style guide or refer to APA formatting and style guide.
Transliteration from Ukrainian can be made with the help of Ukrainian transliteration and the website, from Russian – with the help of Russian transliteration, from several other languages, which use the Cyrillic alphabet, with the help of the website

Supplementary Materials
The supplementary materials are the big size figures, tables, graphs, schemes, photographs, etc., which are referred to throughout the text of the paper.

Paper Submission Guidelines
The number of words in the paper may vary from 4000 to 6000 (for short communication paper – from 1000 to 2000).Considering the issue concerning the calculation of the number of words in the paper, the information about the authors, title, abstract and keywords, list of references and appendices should not be included. The number of sources, in the list of references, should not exceed 50. Supplementary materials should not exceed 5 pages. Note, that the paper should be submitted in the format Microsoft Word or compatible (.DOC, .DOCX).
Tables, schemes, figures, photographs of other authors should not be used in the text of the paper without their written permission.

The presentation of the text in the paper must comply with the Manuscript Submission Guidelines.

Publishing process

Submission process
To submit a paper, please send two copies of manuscript, one in MS Word format (.doc or .docx) and one in PDF, and completed Cover letter form attached to an e-mail to the editorial assistant.
Make sure that all supplementary materials (tables, figures, equations, and images) are editable. In case the editorial assistant asks to send editable elements, please do it as soon as possible to make the reviewing process faster. To prepare your paper for submission, please read Submission Guidelines.

Infringement of Research Misconduct Policies will result in paper rejection and possible sanctions against authors.

Review process
All papers are "double-blind" peer-reviewed. Detailed information can be found in Peer Review section.

All authors receive reviewer’s comments immediately after the manuscript had been reviewed. The authors have the opportunity to request a Referee Report, which they receive without revealing the identity of the reviewer and can appeal against editorial decisions responding to the referees with authors’ arguments and explanations.

Article Processing Charges (APC)
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After the paper is typeset, the publisher will provide the authors of accepted papers with proofs for the correction of errors. Only changes to the title of the paper, list of authors or scientific errors will be considered and further approved by the publishing team. The publisher is not responsible for the errors which are the results of authors' oversight. We reserve the right to make the final decision regarding style and the size of figures.

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Publisher may use authors’ personal information to:

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We may share authors’ information with appropriate agents, representatives, mutual establishments and organizations, we are agents or sponsors to. This information may be shared only for appropriate reasons, which may be important for us in business matters or according to our legal obligations.

LLC “CPC “Business Perspectives” takes all necessary precautionary measures to protect your personal information from theft, abuse, unauthorized access, disclosure, change, and distraction with the help of appropriate administrative, physical, and technical measures in providing security.



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Open-access articles
Authors whose articles are published in open-access retain copyright to the content of the articles. The publisher is granted the right to make the first publication of the article. Open access articles can be published under one of the following Creative Commons licenses by the author's choice (remember that licenses are irrevocable).

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If the article is published in open-access under CC BY 4.0 or CC BY-NC 4.0 licenses, users may reproduce it in accordance with their terms.

Additionally, if the article had been published under CC BY-NC 4.0, the use for the following commercial purposes requires permission:

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Acceptance rate

Editorial Board members and reviewers constantly work on increasing the efficiency of manuscripts evaluation and selection of the papers that present extreme importance to the scientific field. In this respect, there are factors that result in a rejection of a significant share of papers submitted for publication. The reasons for rejection can be different. Main reasons are listed in Peer Review and Research Misconduct Policies.

LLC “CPC “Business Perspectives” emphasizes that in no case place of work or country of residence of the scientist, his racial or religious affiliation can be the reason for rejection.

In this respect, we ask the authors to pay attention to necessity of observing publication ethics principles. Submitted manuscripts should be relevant in content and comply with the aim, tasks and specialization of the journal.

The language of the manuscript should be professional, and the format should comply with the standards given. Weak English and incompliance with the format standards will not obligatorily lead to rejection, but can delay paper acceptance until the author makes the amendments. The acceptance rate for the journal is calculated as a number of manuscripts accepted for publication compared with total number of manuscripts submitted in one year.

This rate demonstrates gradual and steady decrease. By now, it is 31%.

To have a clear vision about period of consideration and process of review of your paper, authors can always contact the editorial assistant. Period of paper consideration is not fixed and can be changed depending on different factors, but our employees will keep you informed about the status of the publishing process.

The average time it takes to make a publication decision after receipt of submitted manuscript is 82 days.

Number of articles published in “Investment Management and Financial Innovations”:

2004 – 40
2005 – 50
2006 – 48
2007 – 41
2008 – 55
2009 – 80
2010 – 53
2011 – 56
2012 – 54
2013 – 72
2014 – 71
2015 – 99
2016 – 118
2017 – 114


Self-Archiving Policy

The author may deposit pre-print version of the paper (manuscript by the author, submitted to the journal, before peer-review and without any editorial amendments) to any platform anytime with acknowledgement to the Publisher and the Journal (acknowledgement should be made as follows: "This is a pre-peer-reviewed version of the paper submitted for publication to [name of the Journal] published by LLC "CPC "Business Perspectives").

The author may deposit post-print version of the paper (accepted version of the manuscript after peer-review and content amendments, but before copyediting, typesetting and proof correction) to the author's personal website, provided that it is non-commercial, and to the repository of the author's institution, where it can be made publicly available immediately upon publication, with acknowledgement of the Publisher and the Journal (acknowledgement should be made as follows: "This is an accepted peer-reviewed version of the paper. The published version of the article is available at LLC "CPC "Business Perspectives" at[DOI of the article]").

The Author may deposit published version of the paper (final edited and typeset version that is made publicly available by the Publisher and can be considered an article) to any institutional repository, and distribute and make it publicly available in any way with acknowledgement to the Publisher and the Journal (acknowledgement should be made as follows: "This is a published version of the paper, available at LLC "CPC "Business Perspectives" at[DOI of the article]").


Article processing charge

The APC (Article processing charge) is paid once, only if the manuscript is accepted for publication after being peer reviewed (Business Perspectives does not use submission or review charges).

The article processing charge (APC) ensures the full immediate access to the article on the publisher’s website (without registration on the site and embargo period). The APC covers the costs of publication process (copy editing, formatting the text, to compose the figures and tables, etc.) including the administrating of peer-review process, the permanent archiving of the articles, site administrating (hosting the files of the articles, maintenance and support of the site), the promotion of the journal and articles (to share the journals content all over the world, serve the indexing services, etc.) and customers support.

Article processing charge for “Investment Management and Financial Innovations” for the authors with affiliation in high-income countries or upper middle-income countries is 595 €, APC for the authors with affiliation in lower middle-income countries 495 € and APC for the authors with affiliation in low-income countries is 395 €. Please request an invoice (or information about other methods of payment) from an editorial assistant or follow the link to Pay online.

If the size of the manuscript exceeds the established limit (6000 words) then authors should contact an editorial assistant to elaborate on publication details.
Please pay attention that LLC “Consulting Publishing Company “Business Perspectives” can’t receive payments from high-risk and non-cooperative countries. The jurisdictions list

During the publishing process the authors can order the printed copy of the issue from an editorial assistant per 125 €.

In order to enhance the publishing opportunities for authors from low-income countries, the Publishing Company provides a system of partial compensation of Article Processing Charges. The Publisher also offers personal discounts for some authors from these countries. In such cases the author should apply to the Publisher with a fully substantiated request concerning both discounts for APC or for a free publication. Such an application is considered in each case individually.

15 volumes and 87 issues