How does Elsevier make money?

Elsevier makes lots of profits by publishing papers of researchers/scientists, but these people are not even paid for their research work/contribution by the company.

What is the profit of Elsevier?

Relx, the parent company of academic publishing giant Elsevier, has reported adjusted profit growth of almost 20 per cent for its 2022 financial year. The publicly listed company reported on 16 February that its adjusted profit before tax rose to £2.49 billion (€2.80bn) in 2022, up from £2.08bn in 2021.

How much does Elsevier charge for publishing?

We offer a choice of journals with open access publishing charges ranging from $150 to $9,900. We will also consider requests for accommodations on a case by case basis for authors who are required to publish open access but do not have the financial means to do so.

How much does Elsevier pay authors?

Of course, as is the norm in scholarly publishing, Elsevier does not pay its authors — the creators of its journal content — for their work. So they're reaping huge profits off free labor. And that brings us to another major complaint: their treatment of authors.

How trustworthy is Elsevier?

Elsevier is a leading publisher of some of the most well-respected science journals in the world. Hence publishing a research in Elsevier will be widely disseminated. Because of this, Elsevier journals are a smart choice for scientific authors. Elsevier journals also have a high journal impact factor overall.

The Crazy Business of Scientific Publishing

What is the Elsevier controversy?

The Cost of Knowledge is a protest by academics against the business practices of academic journal publisher Elsevier. Among the reasons for the protests were a call for lower prices for journals and to promote increased open access to information.

Are Elsevier journals predatory?

The fact that Elsevier fits the consensus definition of a “predatory publisher” so well is thus only one of many reasons why data kraken Elsevier is so reviled in the academic community, but a reminder of it seems to have triggered the “we really can be trusted, honestly, this time” wolf-in-sheep-clothing-reflex in the ...

Is Elsevier a publisher for profit?

Elsevier makes lots of profits by publishing papers of researchers/scientists, but these people are not even paid for their research work/contribution by the company.

Is Elsevier a good publisher?

This is Elsevier

As the world's leading scientific publisher, our high quality and trusted journals publish around 600k articles per annum which account for 18% of global articles, and 28% of global citations, reflecting the quality of the work we publish.

Is Elsevier pay to publish?

Nearly all of Elsevier's 2,700 journals now enable open access publishing, including 600 journals which are fully open access journals. In the gold open access model, you pay an article publishing charge (APC), making your article immediately, permanently and freely available for anyone to access, read and build on.

Does Elsevier pay authors?

Royalty payments are made as agreed in your contract. Most of our contracts are either annual (January-December) or semi-annual (January-June and July-December). Annual contracts are generally paid in March each year. Semi-annual contracts are generally paid in either March and September, or April and October.

Is it normal to pay a publisher to publish your book?

Real publishers will never ask you to pay to publish your book. That's not your job. So if that ever comes up in conversation or in a contract, consider it a massive red flag and walk away.

Why are journal publishing fees so high?

Publishers must coordinate the publication process, from managing submissions to typesetting, printing, and distribution. These activities don't come cheap. Unfortunately, this cost burden falls on authors through Article Processing Charges and subscription fees.

Who owns Elsevier?

Company Ownership

Elsevier is part of RELX, a publicly traded company.

What is Elsevier profit in 2023?

In the first half of 2023 Elsevier's revenue was £2.9bn (A$5.5bn) with an operating profit of £1.07bn ($A2. 06bn). The company's core business model has long been attacked, notably in the EU where publicly-funded research must be free to read immediately on journal publication.

Who bought Elsevier?

Elsevier is a Dutch publishing and analytics company specialized in scientific, medical and technical contents. It belongs to RELX Group.

Who competes with Elsevier?

Elsevier's competitors and similar companies include Clarivate, CAS, Macmillan Publishers, Cambridge University Press & Assessment, Oxford University Press and Springer Nature.

What is the rejection rate for Elsevier?

When a manuscript is submitted to a high-quality scholarly journal, it goes through intense scrutiny — even before it's seen by the editor-in-chief and selected for peer review. At Elsevier, between 30 percent to 50 percent of articles don't even make it to the peer review process.

How many employees does Elsevier have?

Join our global network of 8,700+ employees to help inspire tomorrow's great discoveries in research, technology, and health.

How does a publisher make money?

How do publishing companies make money? Publishing companies make money by taking in book sales, minus the royalties they pay out to authors and other artists. Royalties are 100% negotiable.

How do journals earn money?

Subscription Fees

Many academic publishers generate a significant portion of their revenue from selling subscriptions to academic journals and databases. Libraries, universities, and other institutions pay annual subscription fees to gain access to bundled journal packages or online databases from publishers.

What is the difference between Elsevier and ScienceDirect?

ScienceDirect is a website that provides access to a large bibliographic database of scientific and medical publications of the Dutch publisher Elsevier. It hosts over 18 million pieces of content from more than 4,000 academic journals and 30,000 e-books of this publisher.

Which journal is better Elsevier or Springer?

The results showed that 5.77 percent of the total number of the papers was published by Springer, and 1.1 percent of the total number of papers was published by Elsevier. It indicates the former's superiority in publishing OA papers.

Is everything on Elsevier peer-reviewed?

All articles in open access journals which are published by Elsevier have undergone peer review and upon acceptance are immediately and permanently free for everyone to read and download.

Which are the predatory journals?

Predatory Journals take advantage of authors by asking them to publish for a fee without providing peer-review or editing services. Because predatory publishers do not follow the proper academic standards for publishing, they usually offer a quick turnaround on publishing a manuscript.