Asian Review of financial Research

i) Classification of Papers: Papers are classified as research paper, letters, policy research paper, and review paper.

ii) Submission: (A) For publication in the Asian Review of Financial Research (ARFR), please submit your manuscript in electronic form via e-submission system (http://submission.korfin.org/Login). Authors are required to register to online submission system as a new user, unless the author has used the system before.

(B) All manuscripts should be prepared in accordance with the manuscript style guidelines stipulated by the ARFR. All manuscripts must be professionally proofread before submission.

(C) A manuscript to be published in the ARFR shall be in a form of a research paper or research note that displays significant academic value and quality. The work described in the manuscript must not already have been published in a book or another academic journal. Nor shall it be under consideration for publication elsewhere.

(D) The ARFR shall not consider a manuscript which contains a work that has previously been published in the form of a project report.

iii) Manuscript and Format: The author should prepare two copies of the manuscript, one with a Title page that contains the title of the paper, names, and affiliations of all author(s), abstract, keywords, contact information (including email address) of all authors, and acknowledgment. Acknowledgment of any research funding or advisory should be set under the names. If the manuscript is based on a dissertation paper, information regarding the degree-granting university and the names of the advisor and committee members should be stated.

The other copy of the paper with a Title page that only contains the title of the paper, abstract, and keywords.

iv) Style Guidelines: (A) General Manuscript Information
① The main languages of ARFR are Korean or English. All manuscripts must be in Microsoft Word (.doc or .docx) or Hancom word(.hwp).
② If a manuscript is submitted in Korean, ARFR requires English abstract.
③ The size of manuscript is A4 and manuscript in English should be formatted in 12-point Times New Roman and double-spaced. Manuscript in Korean should be formatted in 10-point Batangche and 1.6 line spaces.
④ Set margin (unit: mm) at 30.5mm from top, 38.5mm from bottom, 42.5mm from two sides of the paper. The author should also sets preface and footer at 12mm and 21mm, respectively.
⑤The margin between character is 0% and margin between lines is 170%.

(B) Title Page
① The title page of the manuscript must contain the title, the name(s) of the author(s), the affiliation(s), an abstract, up to five keywords, and a footnote with the full mailing and e-mail address of the corresponding author and acknowledgements. Acknowledgement of any research funding or advisory should be set under the names. If the manuscript is based on a dissertation paper, information regarding the degree-granting university and the names of the advisor and committee members should be stated. The footnote on the title page should not be numbered.
② If there are more than two authors, the corresponding and first author should be clearly identified

(C) Abstract
The manuscript must begin with abstract no more than 200 words in English. The abstract should concisely inform the reader of the manuscript's topic, findings, and methodology. The manuscript's title without author names or affiliations must appear on the abstract page.

(D) The abstract must be followed by up to five keywords.
Example: Key words: Covid19, Short-selling, Foreign investors.

(E) Article Text
① The text must be double spaced. All pages should be numbered consecutively in Arabic numerals. Sections and subsections should be marked as follows:
I.
1.
1.1
.
.
.

The first-level headings are bold and capitalized in 14 points (13 points in Korean). Second- and Third-level headings are bold in 12 points (11 points in Korean)

Example
II. Methodology
1. Data and Sample
2. Model

II.방법론
1. 표본
2. 변수정의

② Equations should be consecutively numbered in parentheses with the right-hand margin.

(F) Footnotes
① Footnotes should be used only when necessary and numbered consecutively throughout the text in Arabic numerals.
② The font of footnotes should be set in 10 points single spacing (9 point with 1.3 line spacing in Korean)

(G) Tables and Figures
① Tables and figures should be drawn clearly and numbered consecutively in Arabic numerals (ex: Table 1, Figure 1) along with a title or description. Vertical lines should not be used to divide columns in tables.
② The tables and Figures are presented at the end of the paper and the author should clearly indicate the placement of the tables and figures within the main body of the text.

Examples
[Insert Table 1 Here]
[Insert Figure 1 Here]

(H) Reference
① A bibliography should be attached to the text in an alphabetical order of the authors' names. When quoting other published materials in the text, the year of publication should be indicated in a parenthesis. All quoted materials should be stated in the bibliography with the quotations identical to the original sources.
② A referenced periodical in the bibliography should appear in the order of (i) the name(s) of the author(s), the title of the work, the name of the publication (italicized), the volume number, the year of publication in parenthesis, and the page numbers. A referenced book should be written in the order of the name(s) of the author(s), the title of the book (italicized), the edition number (if more than one), the volume number (if more than one), the name of the publisher, and the place and year of publication.

Examples
For periodicals:
Salop, S. C., "Monopolistic Competition with Outside Goods," Bell Journal of Economics, Vol. 10, No. 1(1979), pp. 141-156.

For forthcoming papers (papers in press):
Frydman, C. and B. Wang, "The Impact of Salience on Investor Behavior: Evidence from a Natural Experiment," Journal of Finance, forthcoming (2019)

For books:
Davis, G. B. and M. H. Olson, Management Information System: Conceptual Foundations, Structure, and Development, 2nd ed., McGraw Hill, New York, 1985.

③ For Korean reference the authors should present first in Korean and then translated in English

Examples
강형철, 박경서, “가족기업의 상장의사결정에 관한 연구,” 재무연구, 제24권 제1호 (2011), pp. 41-89.

(Translated in English) Kang, H. C. and K. S. Park, “The Decision to Go Public by Family Firms,” Asian Review of Financial Research, Vol. 24, No. 1 (2011), pp. 41-89.

<div class="rule">	<dl>		<dt>i) Classification of Papers</dt>		<dd>			Papers are classified as research paper, letters, policy research paper, and review paper.		</dd>	</dl>	<dl>		<dt>ii) Submission</dt>		<dd>			(A) For publication in the Asian Review of Financial Research (ARFR), please submit your manuscript in electronic form via e-submission system (<a href="http://submission.korfin.org/Login" target="_blank" class="link">http://submission.korfin.org/Login</a>). Authors are required to register to online submission system as a new user, unless the author has used the system before. 			(B) All manuscripts should be prepared in accordance with the manuscript style guidelines stipulated by the ARFR. All manuscripts must be professionally proofread before submission. 			(C) A manuscript to be published in the ARFR shall be in a form of a research paper or research note that displays significant academic value and quality. The work described in the manuscript must not already have been published in a book or another academic journal. Nor shall it be under consideration for publication elsewhere. 			(D) The ARFR shall not consider a manuscript which contains a work that has previously been published in the form of a project report.		</dd>	</dl>		<dl>		<dt>iii) Manuscript and Format</dt>		<dd>			The author should prepare two copies of the manuscript, one with a Title page that contains the title of the paper, names, and affiliations of all author(s), abstract, keywords, contact information (including email address) of all authors, and acknowledgment. Acknowledgment of any research funding or advisory should be set under the names. If the manuscript is based on a dissertation paper, information regarding the degree-granting university and the names of the advisor and committee members should be stated. 			The other copy of the paper with a Title page that only contains the title of the paper, abstract, and keywords.		</dd>	</dl>		<dl>		<dt>iv) Style Guidelines</dt>		<dd>			(A) General Manuscript Information 			① The main languages of ARFR are Korean or English. All manuscripts must be in Microsoft Word (.doc or .docx) or Hancom word(.hwp). 			② If a manuscript is submitted in Korean, ARFR requires English abstract. 			③ The size of manuscript is A4 and manuscript in English should be formatted in 12-point Times New Roman and double-spaced. Manuscript in Korean should be formatted in 10-point Batangche and 1.6 line spaces. 			④ Set margin (unit: mm) at 30.5mm from top, 38.5mm from bottom, 42.5mm from two sides of the paper. The author should also sets preface and footer at 12mm and 21mm, respectively. 			⑤The margin between character is 0% and margin between lines is 170%. 						(B) Title Page 			① The title page of the manuscript must contain the title, the name(s) of the author(s), the affiliation(s), an abstract, up to five keywords, and a footnote with the full mailing and e-mail address of the corresponding author and acknowledgements. Acknowledgement of any research funding or advisory should be set under the names. If the manuscript is based on a dissertation paper, information regarding the degree-granting university and the names of the advisor and committee members should be stated. The footnote on the title page should not be numbered. 			② If there are more than two authors, the corresponding and first author should be clearly identified 			(C) Abstract 			The manuscript must begin with abstract no more than 200 words in English. The abstract should concisely inform the reader of the manuscript's topic, findings, and methodology. The manuscript's title without author names or affiliations must appear on the abstract page. 						(D) The abstract must be followed by up to five keywords. 			Example: Key words: Covid19, Short-selling, Foreign investors. 						(E) Article Text 			① The text must be double spaced. All pages should be numbered consecutively in Arabic numerals. Sections and subsections should be marked as follows: 			I. 			1. 			1.1 			. 			. 			. 			The first-level headings are bold and capitalized in 14 points (13 points in Korean). Second- and Third-level headings are bold in 12 points (11 points in Korean) 						<div class="box">				Example 				II. Methodology 				1. Data and Sample 				2. Model 				II.방법론 				1. 표본 				2. 변수정의			</div>			 			② Equations should be consecutively numbered in parentheses with the right-hand margin. 									(F) Footnotes 			① Footnotes should be used only when necessary and numbered consecutively throughout the text in Arabic numerals. 			② The font of footnotes should be set in 10 points single spacing (9 point with 1.3 line spacing in Korean) 						(G) Tables and Figures 			① Tables and figures should be drawn clearly and numbered consecutively in Arabic numerals (ex: Table 1, Figure 1) along with a title or description. Vertical lines should not be used to divide columns in tables. 			② The tables and Figures are presented at the end of the paper and the author should clearly indicate the placement of the tables and figures within the main body of the text. 						<div class="box">				Examples 				[Insert Table 1 Here] 				[Insert Figure 1 Here]			</div>			 			(H) Reference 			① A bibliography should be attached to the text in an alphabetical order of the authors' names. When quoting other published materials in the text, the year of publication should be indicated in a parenthesis. All quoted materials should be stated in the bibliography with the quotations identical to the original sources. 			② A referenced periodical in the bibliography should appear in the order of (i) the name(s) of the author(s), the title of the work, the name of the publication (italicized), the volume number, the year of publication in parenthesis, and the page numbers. A referenced book should be written in the order of the name(s) of the author(s), the title of the book (italicized), the edition number (if more than one), the volume number (if more than one), the name of the publisher, and the place and year of publication. 						<div class="box">				Examples 				For periodicals: 				Salop, S. C., "Monopolistic Competition with Outside Goods," Bell Journal of Economics, Vol. 10, No. 1(1979), pp. 141-156. 				For forthcoming papers (papers in press): 				Frydman, C. and B. Wang, "The Impact of Salience on Investor Behavior: Evidence from a Natural Experiment," Journal of Finance, forthcoming (2019) 				For books: 				Davis, G. B. and M. H. Olson, Management Information System: Conceptual Foundations, Structure, and Development, 2nd ed., McGraw Hill, New York, 1985.			</div>						 			③ For Korean reference the authors should present first in Korean and then translated in English 			<div class="box">				Examples 				강형철, 박경서, “가족기업의 상장의사결정에 관한 연구,” 재무연구, 제24권 제1호 (2011), pp. 41-89. 				(Translated in English) Kang, H. C. and K. S. Park, “The Decision to Go Public by Family Firms,” Asian Review of Financial Research, Vol. 24, No. 1 (2011), pp. 41-89.			</div>		</dd>	</dl>	</div>

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