BMI, Edition ESKA, Journal BMI

About the Journal

The positioning of the journal

BM&I is a scientific journal devoted to financial issues with a European angle and an orientation towards applications. All financial matters, Corporate finance, Financial markets, and Investments are eligible for publication. The notice to the authors is available in the appendix. The origin of the journal and its contributors leads to favor European themes, in particular French. The objective of the review is to provide research that has been rigorously established and that may have practical implications, both in terms of knowledge and also of professional practices, for example, innovation and development. Works that are more theoretical, more legal, or outside the thematic framework are not retained for the revision process and, if necessary, transmitted to other journals.


Created in 1991 by the AFFI (French Finance Association) and the magazine Banque, this review was formerly called Banque et Marchés. The collaboration between the two creators was based on a common desire to provide quality technical and scientific information to a readership interested in the potential applications of financial theory and to support the development of the financial professions and players in the sector than in full swing. The AFFI thus added to the review Finance, its reference scientific review, a second review more focused on applications and empirical work useful to researchers, students, and practitioners. The subtitle of the journal was then "Applied research notebooks". The editorial committee of Banque et Marchés was essentially composed of active members of the association, Jean François Boulier, then vice-president of AFFI was the editor. (The journal Banque, owner of the title, thus supplemented a wide range of publications, notably La Revue Banque, Banque et Droit, Banque et Stratégie.)
At the request of the CNRS, the proofreading of articles went from one reviser to two in 1996. The editorial committee then expanded to a dozen researchers. For the needs of researchers and the worldwide dissemination of their work, the review decided to switch to English in 2005. This decision, which was also necessary from the point of view of the readership, however, created linguistic difficulties for some French researchers during the first years. Several measures have been taken to help them perfect their manuscripts from a linguistic point of view. This difficulty, which is certainly still present for some authors, has been overcome and a test was recently conducted by an American organization which showed that the quality is now level 5 on a scale of 1 to 5 (best score). Given the change of language, the editorial committee was able to be expanded by several European and American researchers.

Jean-François Boulier passed on the baton to Marie Brière in 2010 for professional reasons. On this occasion the title of the review was changed to its current title, indicating the interest of the review for investment topics. Marie Brière continued to widen the circle of international contributors and new international members joined the editorial committee. She wanted to leave her role for personal reasons at the end of 2016 and Jean-François Boulier resumed his initial function as an editor. At the same time, the Revue Banque group wanted to sell the publication to an editor more specialized in scientific and technical journals. Following the steps taken by Jean-François Boulier, the title became the property of ESKA editions in early 2017. Another development, Philippe Bertrand was appointed co-editor-in-chief in the first quarter of 2017 and has since participated actively in the revision process.


From an editorial point of view, the review is given priority by its two editors. They rely on an editorial committee that is regularly consulted in order to adapt the journal to the needs of researchers and to new scientific themes. Its composition, detailed in the appendix, was the subject of the last modification in the fall of 2017. Several younger researchers joined this committee left by several emeritus professors, including Patrice Poncet, one of the first members of this committee, who joined the strategic committee. Composed of 30 researchers, including 10 foreigners and 5 women, it covers most of the thematic specialties that the journal publishes, which provides access to the best expertise.
The editors-in-chief and the editor are in constant dialogue in order to develop the circulation of the journal, now on several international platforms [to be completed]. The publisher plans to place the journal on an electronic platform, making it easier, on the one hand, to process the flow of articles submitted to the journal and, on the other hand, to distribute it digitally. A project to publish a compilation of Focus On articles by major discipline is under study.
Finally, the review has attached a number of personalities from the financial sector, sensitive to academic subjects, in order to establish its distribution in the professional circles concerned by the articles published in the review. They are grouped together in a strategic committee which is consulted for the thematic orientation of the review. Its composition is also shown in the appendix. 


The journal publishes classic articles of 15 to 20 pages, in general, or specialized issues on a theme. She also publishes shorter articles in a section called Focus On.
Classic articles are published in general issues after anonymous double rereading. The editors in chief first filter the flow of submissions, considering the theme and the quality of the manuscript or project. The selected articles are then reread by two revisers. The reviewers' reports are sent to the authors with the decision of the editors, based on the opinions expressed by the reviewers. The draft article may then be rejected or be the subject of a request for modifications. The authors then have a few weeks to prepare a second version of which they justify the modifications according to the indications of the reviewers. A second revision round is undertaken if necessary. The article is retained for publication by the editors when they judge the quality of the text and the responses provided by the editors.
The thematic issues also include classic articles but are subject to an initial revision by an associate editor chosen by the editors for their specialty and their long expertise in the subject. An issue on real assets, another on financial issues in insurance, has been published since 2017, and finally, an issue on behavioral finance is being prepared. After the first revision, the editors-in-chief organize a second revision at the end of which after modifications the editors-in-chief and the associated editors decide on the possible publication.
The shorter articles (of the order of 8 pages) called Focus On aim to present a set of works in a synthetic way by targeting the applications. They can also describe products, or new practices, by analyzing them from the point of view of scientific knowledge in the field. For example, recently published a summary on the climate, another on algorithmic trading, and analysis of the fines pronounced by the AMF. These articles are subject to blind rereading and rereading by the editors.