Retraction: Oil incomes spending in sovereign fund of Norway (GPFG)

  • Received March 14, 2019;
    Accepted July 15, 2019;
    Published July 26, 2019
  • Author(s)
  • DOI
    http://dx.doi.org/10.21511/imfi.16(3).2019.02
  • Article Info
    Volume 16 2019, Issue #3, pp. 10-17
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Retracted on August 17, 2020 by the Journal’s owner and Publisher. Type of retraction – plagiarism.
There wasn’t a request for this retraction, but the reason for investigation of plagiarism fact was the Russian Academy of Sciences Committee’s report “Predatory Journals at Scopus and WoS: Translation Plagiarism from Russian Sources”: https://kpfran.ru/wp-content/uploads/plagiarism-by-translation-2.pdf” dated August 12, 2020. The publishing house has familiarized itself with the report. The article by Alexey Mikhaylov, Natalia Sokolinskaya and Evgeniy Lopatin (2019). Asset allocation in equity, fixed-income and cryptocurrency on the base of individual risk sentiment. Investment Management and Financial Innovations, 16(2), 171-181. doi:10.21511/imfi.16(2).2019.15 was mentioned in this report. It is noted that translation plagiarism was detected in this article - http://wiki.dissernet.org/wsave/IMFI_2019_2_1publ.html.
Due to this the publishing house carried out an investigation on possible cases of plagiarism of all articles of these authors (Alexey Mikhaylov, Natalia Sokolinskaya and Evgeniy Lopatin) published in “Business Perspectives” journals.
When the manuscript "Oil incomes spending in sovereign fund of Norway (GPFG)" was submitted to the Journal for consideration, the authors signed the Cover letter and attested to the fact that their manuscript is an original research and has not been published before. Then, the manuscript was accepted for consideration by the Managing Editor and was tested for plagiarism using the iThenticate and Unicheck programs. Plagiarism was not detected. On August 12, 2020 the Russian Academy of Sciences Committee’s presented the report. Editorial staff decided to re-test all articles of mentioned authors for plagiarism using the iThenticate and Unicheck programs – the programs didn’t show the plagiarism, then the articles were tested for translation plagiarism by the experts of “Business Perspectives” and plagiarism was detected (plagiarism and paraphrases from Russian-language sources).

According to the results of the investigation, the Publisher and owner of the journal decided to retract this article because of plagiarism on August 17, 2020.
The authors were notified of such a decision.

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    • Figure 1. GPFG relative cumulative yield since 1998
    • Figure 2. Equity portfolio relative yield of GPFG (solid line) versus benchmark (dotted line) since 1998
    • Figure 3. Fixed portfolio relative yield of GPFG (solid line) versus benchmark (dotted line) since 1998
    • Figure 4. Real estate portfolio relative yield of GPFG
    • Figure 5. Assets of the Reserve Fund of the Russian Federation (solid line, left scale – billion USD, solid line, right scale – % of GDP)
    • Table 1. Share of annual spending of the GPFG