HOME > Journal of Money and Finance > Research Ethics Requlations
1. Purpose
The purposes of the Ethics Regulations are to propose the minimum ethical standards required for all research papers to be
submitted to and published in Financial Research issued by KMFA in order to establish research ethics, prevent dishonest
research acts, and to verify the facts in a fair and systematic manner and suggest follow-up measures in the event that
dishonest research acts occur.
2. Definition of dishonest research acts
The scope of dishonest research acts are as follows.

1) The act of creating data or research results that are non-existent
2) The act of manipulating a research process or modifying or deleting data arbitrarily thereby distorting the contents of research
    or research results
3) The act of using the idea, contents of the research or results of research works done by others without due citation
4) The act of submitting or publishing the same contents or results of research works in duplicate
5) The act of deleting the name of the author who has contributed to paper preparation or qualifying a person as paper author
    that has not contributed to research works.
6) An act that goes seriously beyond the permissible scope in academia
3. Function and formation of the research ethics committee (the “Committee”)
1) The Committee shall set the directions for the establishment and management of research ethics.
2) The Committee shall deliver a judgment on dishonest research act cases and decide on punishment against those
    engaged in dishonest research acts.
3) The Committee shall be composed of seven or more persons that include the Head of the Editorial Board, the Lead Editors
    when it is deemed necessary.
4) The Head of the Editorial Board shall serve as the Chairperson of the Committee, and the Committee members shall be
    appointed by the President of KMFA on recommendation of the Chairperson.
4. Investigation into alleged dishonest research acts and delivering a ruling
1) The Committee is an independent unit and shall notify the President of KMFA of its ultimate judgment on dishonest
   research acts.
2) In the event of suspected dishonest research cases, anyone may send a request for investigation in writing or by email to
    the KMFA office or to the Editorial Board, and such request shall be made in real name in principle.
    Those who request investigation shall present the grounds and reasons for the request in detail regarding dishonest research
    acts.
3) Upon receipt of a request for investigation, the Head of the Editorial Board shall ask the President of KMFA to form the
    Committee.
4) In the event of a request for investigation regarding a paper that is under evaluation or scheduled to be evaluated, the
    Committee shall give 30 days to the author of the paper for him or her to prepare a response and then shall deliver a ruling
    on the existence and degree of dishonest research acts after seeking views of the paper judges and other Editorial Board
    members.
5) The Committee shall set the directions for the establishment and management of research ethics.
6) The members of the Committee who have interests in the alleged dishonest research acts shall be excluded from
    investigation and ruling procedures.
7) The Committee may seek views of persons from outside or outside the Committee when it is deemed necessary.
8) If the submitter of a research paper has an objection to the ruling on dishonest research acts, he or she may request the
    Committee’s re-evaluation, and the Committee shall deliver their final ruling on the objection within 14 days.
5. Dealing with dishonest research acts
1) The Head of the Editorial Board may take measures commensurate with the member’s violation of research ethics by giving
    a warning to the person or requesting a public apology from the person in accordance with the punishment decided by
    the Committee.
2) If the matter is serious such that it requires disciplinary action, the Head of the Editorial Board may inflict a punishment
    such as suspension of membership, cancellation of paper publication, expulsion of the member or public notice on the
    webpage of KMFA.
3) If the research paper is presently under evaluation or scheduled to be evaluated, the Head of the Editorial Board may
    request modification or re-evaluation of the paper depending on the degree of dishonest research acts and may refuse
    paper evaluation and return the paper.
4) In the event the research paper is scheduled to be published and ruled to be a dishonest research act, the Head of the
    Editorial Board may cancel the publication.
5) If the research paper has already been published and ruled to be a dishonest research act, the Head of the Editorial Board
    shall make a final decision on measures commensurate with the degree of the dishonest research act.
6) In the event that the final decision by the Committee includes cancellation of paper publication, the Head of the Editorial
    Board shall delete the paper concerned from the list of KMFA’s research papers and announce the results of the ruling and
    publication cancellation of the paper at the homepage of KMFA and in the next issue of Financial Research. In addition,
    the author concerned shall be prevented from submitting papers to Financial Research for three years or more.
7) The Committee shall deliberate and formulate the specifics required for the management of the Committee.
6. Protection of rights for the informant and the interviewee
1) The identity of the informant shall not be exposed either directly or indirectly, and the name of the informant shall not be
    exposed in the process of investigation or in investigation report unless it is absolutely required.
2) The identity of the interviewee or the fact that the interviewee is being inquired shall not be leaked with the exception of the
    Editorial Board or the Committee until the verification of the existence of dishonest research acts is completed. In addition,
    care shall be used to ensure that the reputation or rights of the interviewee are not encroached upon.
3) All the details relating to the investigation including the case reporting, investigation, screening, resolution or suggestion
    shall be confidential, and all the information obtained in the process of investigation or duty fulfillment shall not be leaked,
    provided that it can be open to the public with the approval of the Committee when it is deemed necessary.
7. Follow-up measures
1) The records of investigation, evaluations from the Editorial Board, and reports, meeting minutes, and the final decision by the
    Committee regarding the dishonest research acts shall be saved in storage for five years following the end of investigation.
2) The end date of investigation shall be the date of the final ruling by the Committee, and two copies of the documents
    described in the paragraph 1) above shall be prepared without the indication of name to ensure anonymity, and the KMFA
    office and the Editorial Board shall keep a copy of them each. The original copy with name indication shall be saved for
    10 years at the Editorial Board.
8. Ethics regulations enforcement guidelines
1) The submitters of research papers shall pledge to abide by these Ethics Regulations. A member who has reportedly violated
    the Ethics Regulations shall cooperate with the investigation executed by the Committee. Failure to cooperate with
    investigation amounts to a violation of the Ethics Regulations itself.
2) The procedure to revise the Ethics Regulations shall be based on the procedure to amend the regulations of the KMFA.
    In the event the Ethics Regulations are revised, the members who have vowed to abide by the existing regulations shall be
    considered to have pledged to abide by the new regulations without additional pledge.
※ Addendum
Article 1 Date of Execution
These regulations shall go into effect from 1 of Oct 2010.
Article 2 Announcement
These regulations shall be announced on 1 of October 2010.
.