Donghui Zhao

Professional researcher with strong background in data collection, analysis, and interpretation. Adept at leveraging advanced methodologies to drive impactful research outcomes. Known for fostering team collaboration and adapting to evolving project requirements. Skilled in qualitative and quantitative analysis, report writing, and critical thinking, ensuring reliable and actionable insights.

• Environmental, Social and Governance (ESG)
• Sustainable Finance
• Empirical Corporate Finance
• Causal Inference
• Green Policy Evaluation

• 28th Conference on Process Integration, Modelling and Optimization for Energy Savings and Pollution Reduction, 08/23/25
• The 11th International Management and Accounting Conference, 2024, Best Paper Award Winner
• The 2nd ISETS International Conference (ISETS2024), 11/02/25

Zhao, D., The Impact of ESG and the Institutional Environment on Investment Efficiency in China through the Mediators of Agency Costs and Financial Constraints., Social Sciences & Humanities Open, 05/01/25, https://doi.org/10.1016/j.ssaho.2025.101323, Zhao, D., 

Peer Effects on ESG Disclosure: Drivers and Implications for Sustainable Corporate Governance., Sustainability, 05/01/25, https://www.mdpi.com/2071-1050/17/10/4392, Zhao, D., 

The Evolution of ESG Integration in Finance: A Two-Decade Bibliometric Analysis., Sustainable Perspectives in Business Economics and Education: Theoretical and Empirical Approaches., 05/01/24, https://www-scopus-com.eresourcesptsl.ukm.remotexs.co/record/display.uri?eid=2-s2.0-105007483577&origin=resultslist&sort=plf-f&src=s&sot=b&sdt=b&s=TITLE-ABS-KEY(The+evolution+of+ESG+integration+in+finance:A+two+decade+bibliometric+analysis)&sessionSearchId=4576ad935f27c7d09a5787e65073a20e, Zhao, D., 

From Metrics to Strategy: A Two-Decade Bibliometric Analysis of ESG Integration in Corporate Finance., International Journal of Innovative Research and Scientific Studies (IJIRSS), 05/01/24, https://www.ijirss.com/index.php/ijirss/article/view/6475, Zhao, D., 

The Intellectual Structure and Evolution of Investment Efficiency Research: A Comprehensive Bibliometric Review., Journal of Modern Applied Statistical Methods, 05/01/25, https://jmasm.com/index.php/jmasm/article/view/1367, Zhao, D., 

When ESG Meets Uncertainty: Financing Cost Effects Under Regulatory Fragmentation and Rating Divergence., Systems (MDPI), 05/01/25, https://doi.org/10.3390/systems13060465, Zhao, D., 

When Environmental, Social, and Governance (ESG) Meets Shareholder Value: Unpacking the Long-Term Effects with a Multi-Period Difference-in-Differences (DID) Approach., Systems (MDPI), 05/01/25, https://doi.org/10.3390/systems13050315, Zhao, D., 

The Impact of Institutional Environment on ESG Performance: The Mediating Roles of Corporate Resource Allocation and Transparency., Journal of Corporate Governance, Zhao, D., 

Under review (below)

Causal and Hierarchical Mapping of ESG Factors: An Integrated DEMATEL–ISM Model for Sustainable Decision-Making., Journal of Cleaner Production, Zhao, D., 

Maximizing Environmental Returns under Capital Constraints: A Sectoral Optimization Model Using P-Graph., 28th Conference on Process Integration, Modelling and Optimization for Energy Savings and Pollution Reduction, 08/23/25, Zhao, D., 

Harnessing AI for Sustainability: Evidence from Chinese Enterprises., 28th Conference on Process Integration, Modelling and Optimization for Energy Savings and Pollution Reduction, 08/23/25, Zhao, D., 

Constructing a Validated Index for Institutional Environments: A Delphi–AHP Based Framework for Comprehensive Assessment., Zhao, D., Research Hotspots and Trends in ESG Literature Between China and Europe: A Comparative Bibliometric Analysis.

Ph.D. Researcher, UKM Graduate School of Business, 12/03/22, Present, Conducted DEMATEL–ISM causal mapping of ESG interactions, Integrated bibliometric and econometric analysis for sustainable finance evaluation, Applied advanced models (DID, mediation, moderation) in ESG investment studies, Participated in green finance impact studies and ESG data modeling, Supported survey design, data cleaning, and empirical regression testing