Skip navigation

Dr Dongna Zhang

Assistant Professor

Department: Newcastle Business School

I hold a Ph.D. in Economics from the University of York, UK. My research interests and expertise spanning financial economics, energy economics, macro-finance, empirical asset pricing, and corporate finance. I am dedicated to investigating various aspects of financial economics, including firm investment, intangibles, and the incorporation of Environmental, Social, and Governance (ESG) factors in investment decisions. With a strong quantitative background, I employ rigorous empirical analysis to examine market behavior, asset pricing dynamics, and the relationships between financial variables and real-world phenomena. My research findings have shed light on key issues such as the UK under-investment puzzle, climate risk, green finance, and industrial strategy, offering policy implications that can shape effective strategies and approaches.

Dongna Zhang

My research encompasses a diverse range of areas, including financial economics, energy economics, macro-finance, empirical asset pricing, and corporate finance. Through my research endeavors, I have contributed to understanding the intricacies of the UK under-investment puzzle and has offered valuable policy implications pertaining to industrial strategy. By exploring these multifaceted fields, I aim to deepen our understanding of financial dynamics, energy markets, and economic systems, ultimately providing insights that can inform strategic decision-making, policy formulation, and sustainable economic growth. 

  • Please visit the Pure Research Information Portal for further information
  • Do weather conditions drive China's carbon-coal-electricity markets systemic risk? A multi-timescale analysis, Zhao, Y., Dai, X., Zhang, D., Wang, Q., Cao, Y. 1 Jan 2023, In: Finance Research Letters
  • Impacts of weather conditions on the US commodity markets systemic interdependence across multi-timescales, Zhang, D., Dai, X., Wang, Q., Lau, C. 1 Jul 2023, In: Energy Economics
  • Implications of cryptocurrency energy usage on climate change, Zhang, D., Chen, X., Lau, C., Xu, B. 1 Feb 2023, In: Technological Forecasting and Social Change
  • Multiobjective portfolio optimization: Forecasting and evaluation under investment horizon heterogeneity, Dai, X., Zhang, D., Lau, C., Wang, Q. 6 Jul 2023, In: Journal of Forecasting
  • Support Policies for Small Businesses During the Covid-19 Crisis: Evidence from Club Convergence Clustering Approach, Lau, C., Zhang, D., Gozgor, G. 5 Jul 2023, In: Emerging Markets Finance and Trade
  • The causal relationship between green finance and geopolitical risk: Implications for environmental management, Zhang, D., Chen, X., Lau, C., Cai, Y. 1 Feb 2023, In: Journal of Environmental Management
  • Macroeconomic outcomes of OPEC and non-OPEC oil supply shocks in the euro area, Cai, Y., Zhang, D., Chang, T., Lee, C. 1 May 2022, In: Energy Economics
  • Sovereign ESG and corporate investment: New insights from the United Kingdom, Zhang, D., Zhao, Z., Lau, C. 1 Oct 2022, In: Technological Forecasting and Social Change
  • Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD Countries, Xu, W., Lau, C., Zhang, D., Oke, O. 6 May 2022, In: Frontiers in Public Health
  • Intangibles and the UK under-investment puzzle: Evidence from firm-level panel data, Zhang, D. 1 Sep 2020, In: Economics Letters

Babar Ahmad Start Date: 01/10/2023

Economics PhD

a sign in front of a crowd

Northumbria Open Days

Open Days are a great way for you to get a feel of the University, the city of Newcastle upon Tyne and the course(s) you are interested in.

Research at Northumbria

Research at Northumbria

Research is the life blood of a University and at Northumbria University we pride ourselves on research that makes a difference; research that has application and affects people's lives.

NU World

Explore NU World

Find out what life here is all about. From studying to socialising, term time to downtime, we’ve got it covered.

Latest News and Features

How music heals us, even when it’s sad – by a neuroscientist leading a new study of musical therapy
an image showing a pile of books with one open on top
Generic phone with social media apps.
Northumbria University announces £50m space skills, research and development centre set to transform the UK space industry
A logo with navy blue writing on a pink background which reads Northern Writers' Awards 2024
Niyah Waters
More news
More events

Upcoming events

Violence Against Women and Girls: Research into Practice
Professor Tony Williams Inaugural
Northumbria University Carol Service

Back to top