At least in Anglo-USA law a for profit organisation is one which is authorised to distribute surpluses to its owners, whereas a 'non profit' organisation is not so authorised and must allocate any surplus to the purposes for which it was established.
Thus a '(non) profit' organisation is not defined by whether it generates profits, but by its ability to allocate any profit. Gavin Gavin Moodie, PhD Adjunct Professor in the Department of Leadership, Higher, and Adult Education OISE, University of Toronto Adjunct professor of education at RMIT University, Australia 22 Sussex Avenue Toronto, ON, M5S 1J5 Canada Mobile +1 416 806 3597 gavin.moo...@rmit.edu.au http://rmit.academia.edu/GavinMoodie On Thu, Sep 10, 2015 at 8:52 AM, Graham Triggs <grahamtri...@gmail.com> wrote: > On 10/09/2015 11:37:02, Nicolas Pettiaux <nico...@pettiaux.be> wrote: > > What about the idea : research published only non profit OA journals > should be taken into account. > > Wouldn't this push the predatory OA journals by competition out of > business ? > > Well, first, try and define what your criteria for a "non profit" OA > journal is. > Even a genuine declared non-profit journal would run profits in some > years, due to the need to potentially cover shortfalls in others. The > reality is you would be aiming for a modest profit, which would then be > subsequently re-invested in future years. > But regardless of your criteria, profit is just income - costs... and it > would be fairly easy for a "predatory" journal to hide it's profit by > paying another company some vastly inflated sum for a bunch of services. > The journal isn't making any money itself, but it all flows through the > chain. > G > > > _______________________________________________ > GOAL mailing list > GOAL@eprints.org > http://mailman.ecs.soton.ac.uk/mailman/listinfo/goal > >
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