As people may know I am among my other tasks a journal editor, editor of Research In International Business and Finance, published by Elsevier. And a fine journal it is…Elsevier have introduced the ‘Article of the Future’ concept recently, which aims to expand scholarly articles from simple static print to be a richer and hopefully more meaningful multimedia enabled communication. See here for more information.
As part of this development, RIBAF will now require any paper accepted for publication to be accompanied by either a short video presentation (such as the author(s)s explaining the motivation or importance or interesting aspects of the paper, a video presentation of any theoretical or econometric findings (such as a visualisation of how a volatility surface changes or simulation of a model as parameters and assumptions change) or a presentation of the paper (such as a keynote or powerpoint slideset). Humans are visual creatures if a picture is worth a thousand words, then how much is a video worth? More seriously, academic publications are in all essentials unchanged since the early 19th century – there are ongoing massive debates on peer review, charging, access and so forth, but we have as an academy given little thought to how the base element of how we present the work may take full advantage of modern ICT.