• The Journal of Asian Finance, Economics and Business
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• v.8 no.9
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• pp.273-285
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• 2021

This study estimates the financial value of return on investment (ROI) of research funds. Four simulation estimations are employed to measure ROI finance value that considers the outputs, outcomes, impacts and total ROI from the allocation input received. Research outputs, outcomes, and impacts can be quantitatively measured based on improvements to existing systems. In terms of input, the Malaysian government has allocated MYR301,350,000 for fundamental research in the 2021 budget compared with 2019, up 9.5 percent from 2019. It brings up the question: To what extent does the input of research funds allocated by the government yield a good return in outputs, outcomes, and impacts to the academic community, society, and country? The result of total ROI shows around MYR7 return is generated by researchers for each Malaysian ringgit channeled by the funder. More specifically, for a research project, it is more difficult to produce impacts and outcomes compared to research outputs. The positive return is evidence that all the allocated funds are beneficial to the stakeholders. The government can apply this approach in calculating ROI for evaluation and fund allocation to universities. Furthermore, the positive financial value of research output, outcome, and impact automatically contribute to a positive innovation environment in Malaysia.

• Journal of the Korean BIBLIA Society for library and Information Science
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• v.32 no.1
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• pp.115-132
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• 2021

This study collected data on COVID-19 research papers published in international journals by Korean authors from WoS. Bibliographical analysis was performed on subject categories, institutions, funder distribution and so on. In addition, open access and journal review speed were also analyzed, which play an important role in facilitating academic publishing and distribution. The results showed that COVID-19-related papers published in international journals by Korean authors in 2020 included more papers on some specific fields, such as medicine, biology, and multidisciplinary. These researchers have published lots of papers not only in foreign journals but also in domestic English journals. 94% of papers were open access, and gold open access, which is available immediately after publication, was about 70% of the total. The COVID-19 orthopedic papers produced by Korean researchers were collected from PubMed and analyzed, and the average of review days was about 24 days. The analysis, including open access and review speed, showed that there has been an atmosphere of cooperation in the academic publishing ecosystem after the COVID-19 crisis. It would be desirable to continue this cooperation and address chronic problems in academic publishing system, such as promoting the publication of gold open access and reviewing efficiency.