Author Guidelines

Article Processing Charge (APC)

Currently, this journal does not charge a submission or processing fee (free of charge).


(click this link to download ICMR Manuscript Template)

Manuscripts must be double-spaced on 8.27” x 11.69” paper. Body text should be written in Times New Roman, font size 12. Manuscript length should be reasonable for the contribution offered. With the submission of a manuscript, the following three items should be included in a separate page:

  1. Cover page showing title, each author’s name, affiliation, complete address, telephone and fax number, and the category of the article.
  2. Abstract of up to 150 words.
  3. Keywords, approximately five to seven words.

Manuscripts are reviewed by the editor, members of the ICMR Editorial Review Board, and occasional reviewers. The author’s name and affiliation are removed before reviewing in order to ensure objectivity. Please do not identify the author(s) in the body of the paper either directly or by citation.


Manuscript should be divided into five sections, i.e. Introduction, Literature Review, Research Method(s), Result(s) and Discussion(s), and Conclusion. Each section title should be written in Times New Roman, bold, font size 14. Sub-section should be written in Times New Roman, bold-italic, font size 12.

Math Notation

Notations should be clearly explained within the text. Equations should be centered on the page. If equations are numbered, type the number in parentheses flush with the right margin. Unusual symbols and Greek letters should be identified. For equations that may be too wide to fit in a single column, indicate appropriate breaks.

Table and Figures

Table placements within text should be indicated. Camera-ready tables should be typed flush with the left-hand margin and have proper labeling of sources, column headings, and other notations. Once the manuscript has been accepted for publication, complex tables and figures (diagrams, charts, graphs, etc.) should be prepared professionally for camera-ready reproduction.


Reference citations within the text should consist of the author’s last name and date of publication, without punctuation, enclosed within parentheses, and should be inserted before punctuation and/or at a logical break in the sentence. If several citations are needed, separate them with semicolons, and list alphabetically. If two or more works by an author have the same year, distinguish them by placing a, b, etc. after the year.

References should be double-spaced and attached on a separate page. Works by single author, list chronologically; two authors, alphabetically and then chronologically; three authors, the same; four or more, list chronologically. References should be in the following (APA style):

Journal article, one author, accessed online

    Merton, R. C. (1973). An Intertemporal Capital Asset Pricing Model. Econometrica, 41, 867–887. doi:10.2307/1913811

Journal article, two authors, accessed online

    Roll, R., & Ross, S. (1980). An empirical investigation of the arbitrage pricing theory. The Journal of Finance, 35, 1073–1103. doi:10.2307/232708

Journal article, three or more authors, accessed online

    Chen, N., Roll, R., & Ross, S. (1986). Economic Forces and the Stock Market. Journal of Business, 59, 383–403. doi:10.1086/296344

Journal article from a subscription database (no DOI)

    Kumar, B., Singh, P., & Pandey, A. (2009). The dynamic relationship between price and trading volume: Evidence from Indian stock market. Retrieved from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1527562

Books, in print

   Fabozzi, F. J., & Modigliani, F. (1996). Capital Markets: Institutions and Instrument (2nd ed.). New Jersey: Prentice Hall.

Article in a Book Edited by another Author

   Hammond, K. R., & Adelman, L. (1986). Science, values, and human judgment. In H. R. Arkes & K. R. Hammond (Eds.), Judgement and decision making: An interdisciplinary reader (pp. 127-143). Cambridge: Cambridge University Press.

Research Reports and Papers

   Mohammed, R. A. (2009). Analysis of Islamic Stock Indices (Unpublished magister dissertation). University of Waterloo, Canada.

For more information about APA style please visit www.apastyle.org, https://www.library.cornell.edu/sites/default/files/apa_2010.pdf, or https://owl.english.purdue.edu/owl/resource/560/01/

Submission Preparation Checklist

As part of the submission process, authors are required to check off their submission's compliance with all of the following items, and submissions may be returned to authors that do not adhere to these guidelines.

  1. Focus and Scope:
  2. The authors' topic is in line with Indonesian Capital Market Review's Focus and Scope.

  3. Abstract and Keywords:
  4. Abstract consists of 150 words (maximum) and keywods cover approximately five to seven words.

  5. Section/Heading Format:
  6. Manuscript is divided into five sections, i.e.

    • Introduction
    • Literature Review
    • Research Method(s)
    • Result(s) and Discussion(s)
    • Conclusion
  7. Citation and References:
  8. References comply to the APA citation style. Citations in the body text appear in the references, and vice versa.