Scientific publication process - part A Stefan Lyócsa Masaryk University, Faculty of Economics and Administration Brno, Czech Republic. MUNI ECON Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary • Research field: • Financial markets • Current research question: o Can investors' attention and sentiment improve our understadning of market risks? • Top field journals: o International Journal of Forecasting. • European Journal of Operational Research. • Journal of Financial Markets. • Journal of Banking & Finance,... Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary • Why to publish? • What is a top journal? • Why are conferences organized? • What are typical features of a good scientific paper? • What skills are useful for publication purposes? • What personal traits are useful for academic life? Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary 0 u itl in e O Part I. o Why to publish? o Where to publish? • How to create a contribution? O Part II. • Publication process and the life-cycle. • Paper parts: 9 title, abstract, cover letter, • introduction & lit. review, o data and methodology, 9 results and conclusion. • What skills and personal traits are useful for scientific work? • Academic system, career paths, relationships and beyond. Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary Contribution to the society: • We contribute to the: • knowledge we have (science is a way how to acquire knowledge), • to the research field (finance, management, ...), • theories (What drives contagion? What drives consumer loans? ...). • We also save resources. • We help businesses and policy makers: How to support internationalization of SMEs? What happens if we lower capital income tax? Can we improve credit-risk models? How to manage financial cycle? Can we predict number of customers? What is the elasticity of advertising? Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary Contribution to the University: • You show that you are at the frontier of knowledge. Which is a necessary condition for being able to transfer that knowledge to students. But how? • Update your lectures and seminars. o When supervising Bachelor's and/or Master's thesis - 5 students x 4 years. • You increase the value of your brand, i.e. academic institution. • You contribute to the budget of your department. Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary Important for You! • Independent certification of your competence and capability to conduct research. • You increase your chance: • to be part of a research team - research grants, o to acquire a new co-author - networking (good co-authors are like a treasure!). • for academic promotion - freedom + your value on the international academic job market increases. o to attract smart students. • You need to publish - PhD. study program requirements. Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary You do not need to tell people from LSE where to publish their research... • What publications are recognized? It depends! • field of study, o academic institution. • Scientometric approach: • Impact factor (WOS), cite score (Scopus). • Article influence score. • Scimagojr. • Expert rankings: • ABS ranking (UK). • ABDC ranking (Australia). • https: / / portal, muni, cz/en/econ/vyzkum-a-projekty/podpora-vyzkumu/publishing-support Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary • What about books? • Field specific. o What publishers are recognized? a What about conference proceedings? • What is the purpose of a conference? • Feedback - discussions. • (Force yourself to) Study work of others! • Networking. 9 Market yourself (your research, academic job market). o Presentation skills. • Field specific. • What about working papers? • www.arxiv.org, www.ssrn.com • https://mpra.ub. uni-muenchen.de/ • https://www.researchgate.net • www.econ.muni.cz/vyzkum/publikace/working_papers Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary Where not to publish? Different forms of predatory journals exists that try to exploit authors under pressure ('publish or perish'). • Some are obvious - just look at your spam folder. • Some are obviously not interested in publication quality at all. Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary How do I know which journals to avoid? Consider following fees: • Language polishing fee. • Submission fee. • Open access fee. • Article Processing Charge (APC) - beware of this one! If you cannot get published without paying - you should avoid the journal. There might be exceptions, but exceptions are (just as the word implies) rare. Just stay away, it will hurt your academic career in the long-run. Let's look at one example: Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary Let's look at one example: Sustainability (ISSN 2071-1050) Impact Factor: 3.9 (2022) Tempting, right? Is there anything suspicious? Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary Is there anything suspicious? • If your paper is good you do not need to pay for publication. In Sustainability, you HAVE to pay 24Q0CHF after your paper is accepted. • High IF but AIS < 1.0. In Sustainability you have AIS = 0.526. o Review process exists. However, reports show that... . • APC is paid from research grants - public money. Is it ethical (legal)? Purpose is to use public money to support research, not publications. • « 15,824 artciles per year 2022. • Short review times. Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary How is that different from other publishers (Elsevier, Willey, Springer, Taylor & Francis,...)? A lot! • Other publishers charge research institutions - not authors. • Acceptance/rejection of your paper (one from millions) is therefore independent of whether your institution pays for the access to the database or not. Why does it matter? • We do not have time to read everything. We need a filter. We need to know which journals tend to publish good papers that went through a rigorous review process. I advise you to play it safely and avoid journals with these practices. Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary Journals represent a marketplace of ideas. Recall: science is a way how to acquire knowledge - a process that leads to enhancement of our current understanding of a phenomena. The greater the contribution to the knowledge, the higher is the probability of being published. There are pitfalls to it! • We need to know the current state of understanding - no shortcuts! • We need to known (preferably understand) methods used in our field of study. • Economics and finance are technically driven disciplines. • We need to understand our own limitations (technical, data, cost, time,...). • Beware of trying to save the world at all costs. Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary Contribution also depends on a type of a publication. Common types: • Standard research paper. • A shorter version: A note or a letter - shorter version. Not that easy! • A review paper, also includes a meta-analysis. Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary Safe strategy is to: O Read about your topic as much as possible. O Read relevant news papers, e.g. financial times, the economist. O If you have an idea that pops-up: • (Calm down) Sleep on it. • Read more (most likely, someone has already done it before you). • Betting market. • How volatility influences market co-movement. • Asymmetric effects when forecasting market volatility. • Discuss with mentors. • Discuss with friends. Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary The illustrated guide to PhD. http://matt.might.net/articles/phd-school-in-pictu Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary The illustrated guide to PhD. http://matt.might.net/articles/phd-school-in-pictu Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary The illustrated guide to PhD. http://matt.might.net/articles/phd-school-in-pictu Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary The illustrated guide to PhD. http://matt.might.net/articles/phd-school-in-pictu Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary The illustrated guide to PhD. http://matt.might.net/articles/phd-school-in-pictu Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary The illustrated guide to PhD. http://matt.might.net/articles/phd-school-in-pictu Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary The illustrated guide to PhD. http://matt.might.net/articles/phd-school-in-pictu Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary The illustrated guide to PhD. http://matt.might.net/articles/phd-school-in-pictu Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary The illustrated guide to PhD. http://matt.might.net/articles/phd-school-in-pictu Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary The illustrated guide to PhD. http://matt.might.net/articles/phd-school-in-pictu Štefan Lyócsa Methodology Why to publish? Where to publish? How to create a contribution Summary Methodology - Scientific publication process Summary_J • Why to publish? a Where to publish? • How to create a contribution? Štefan Lyócsa Methodology Scientific publication process - part A Stefan Lyócsa Masaryk University, Faculty of Economics and Administration Brno, Czech Republic. MUNI ECON Štefan Lyócsa Methodology