Dr. Yonghao Xu, a researcher at the base, participated in the collaborative paper titled "Innovation, financial permeation, and income inequality: From a dynamic perspective in China", which was published in the Important academic journal International Review of Financial Analysis.

IRFA is a renowned SSCI-indexed journal in the field of international finance, classified as Q1 in JCR rankings, ABS 3-star, and top-tier in the first quartile of economics journals by the Chinese Academy of Sciences (CAS) for 2023, with an Impact Factor (IF) of 8.2. It ranks 4th out of 111 journals in the business and finance category, and aims to publish high-quality theoretical and empirical research in finance and financial economics.

Abstact：This paper examines whether and how internal whistleblowing enhances innovation. We have discovered that the establishment of an internal whistleblowing system help to increase firms' innovation output, in terms of patent application and citation. Furthermore, our paper draws on the monitoring effect of whistleblowing on CEO, and the evidence shows that whistleblowing reduces executives' misconduct and therefore increases investment in R&D. Besides, we also find that such monitoring effect between employees also improves firms' innovation efficiency. Finally, we find that whistleblowing has a positive impact on firm's profits among more innovative firms. This paper aims to investigate how employee monitoring enhances firm innovation, making a contribution to the growing literature on innovation.

keywords：Whistleblowing; Innovation; Internal governance; Innovation efficiency

Link：https://www.sciencedirect.com/science/article/abs/pii/S1057521924000784

Author profile

Yonghao Xu holds a Ph.D. in Finance from Peking University and joined the School of Finance, Zhongnan University of Economics and Law in 2021. His research interests encompass behavioral finance, asset pricing, and household finance. His research achievements have been published in domestic and international journals such as Management World, International Review of Economics and Finance, and Economics Letters. In 2022, he was awarded a Youth Project from the National Natural Science Foundation of China.