<div dir="ltr"><div>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. </div><div><br></div><div>Thus a '(non) profit' organisation is not defined by whether it generates profits, but by its ability to allocate any profit.</div><div><br></div><div>Gavin</div><br><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature"><div dir="ltr">
<div><font face="arial,helvetica,sans-serif">Gavin Moodie, PhD</font></div><div><font face="arial,helvetica,sans-serif">Adjunct Professor in the Department of Leadership, Higher, and Adult Education</font></div><div><font face="arial,helvetica,sans-serif">OISE, University of Toronto</font></div><div><span style="font-family:arial,helvetica,sans-serif;font-size:12.7272720336914px"><br></span></div><div><span style="font-family:arial,helvetica,sans-serif;font-size:12.7272720336914px">Adjunct professor of education at RMIT University, Australia</span><br></div>
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<br><div class="gmail_quote">On Thu, Sep 10, 2015 at 8:52 AM, Graham Triggs <span dir="ltr"><<a href="mailto:grahamtriggs@gmail.com" target="_blank">grahamtriggs@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><span class=""><blockquote type="cite" style="border-left-style:solid;border-width:1px;margin-top:20px;margin-left:0px;padding-left:10px"><p style="color:#aaaaaa;margin-top:10px">On 10/09/2015 11:37:02, Nicolas Pettiaux <<a href="mailto:nicolas@pettiaux.be" target="_blank">nicolas@pettiaux.be</a>> wrote:</p>
<p>What about the idea : research published only non profit OA journals should be taken into account.</p>
<p>Wouldn't this push the predatory OA journals by competition out of business ?</p></blockquote></span><div style="margin-top:16px;margin-bottom:20px">Well, first, try and define what your criteria for a "non profit" OA journal is.</div><div style="margin-top:16px;margin-bottom:20px">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.</div><div style="margin-top:16px;margin-bottom:20px">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.</div><span class="HOEnZb"><font color="#888888"><div style="margin-top:16px;margin-bottom:20px">G</div><blockquote type="cite" style="border-left-style:solid;border-width:1px;margin-top:20px;margin-left:0px;padding-left:10px"><p></p></blockquote><blockquote type="cite" style="border-left-style:solid;border-width:1px;margin-top:20px;margin-left:0px;padding-left:10px"><div>
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