david_broadstock_profile

Dr David C. BROADSTOCK

Senior Research Fellow and Lead, Energy Transition
Biography

Dr David Broadstock is Senior Research Fellow and Energy Transition Research Lead with Sustainable and Green Finance Institute (SGFIN) housed within the National University of Singapore (NUS). Through these roles David regularly interacts with financial institutions, government agencies, research foundations, policy makers and industry leaders to develop and implement impactful research into the successful deployment of transition finance to support sustainable economic development for Singapore.

David is an economist with around 15 years of experience, most of which in Asia. He has worked within academia, consulting and strategic policy research (thinktanks) and is specialized in the areas of energy and environmental economics, with recent research concentrating on areas of green and sustainable finance. David places a special emphasis in the emerging area of ‘transition finance’, seeking to better appreciate how trust and confidence behind net-zero commitments can be fostered and sustained so as to facilitate an organized, timely and scalable flow of capital to achieve national decarbonization ambitions without sacrificing on economic competitiveness.

As an academic David has published in high level journals spanning accounting, finance, management and economics, and enjoys a healthy citation profile. David is Editor for The Energy Journal, Associate Editor for the Journal of Climate Finance, and sits on the editorial boards of the British Journal of Management, and Resources, Conservation & Recycling Advances. David frequently engages with media, and has been interviewed or quoted by Bloomberg News, CNA (TV, radio and online), Reuters, ABC News, BBC News, The Los Angeles Times, Straits Times and CGTV, among others.

Research Focus
  • Energy Transition: Understanding the complex nature of energy markets from resource availability, fuel and energy commoditisation, macroeconomic policies and strategies, power sector operations and beyond, and how these shape opportunities and constraints for our energy transition.
  • Net-zero (and beyond) transition: The net-zero transition can occur at a different pace compared with the energy transition, and with differing priorities. Questions and around corporate commitments, national will and multilateral agreements require more careful appreciation and consideration.
  • Sustainable, Green and Climate Finance: With a view to understanding whether, when and how capital allocation, and market behaviours (real, or financial) are changing in response to the increasingly widespread and mature uptake pre-environmental and pro-social business practices or financing instruments.
  • Energy Economics: With a particular orientation towards microeconomic perspectives of economic activity and behaviours, and how energy - demanded indirectly for the energy services we use - functions as a productive asset with good and bad outputs needed to be kept in careful balance.
  • Empirical analysis: From the primary disciplinary perspective of econometrics, spanning a diversity of tools time-series, panel-data, discrete-choice and cross-sectional methods typically in the time and/or functional domains of analysis.
Publications

Select Recent Publications

  1. Cheng LTW; Sharma P; Broadstock DC (2023)
    Interactive effects of brand reputation and ESG on green bond issues: A sustainable development perspective
    Business Strategy and the Environment Vol. 32 (1) pp. 570 - 586
    https://doi.org/10.1002/bse.3161
  2. Broadstock DC; Chen X; Cheng CSA; Huang W; Ma Y (2022)
    Do Corporate Site Visits Constrain Real Earnings Management?
    Journal of Accounting, Auditing and Finance
    https://doi.org/10.1177/0148558X211067145
  3. Broadstock DC; Matousek R; Meyer M; Tzeremes NG (2020)
    Does corporate social responsibility impact firms' innovation capacity? The indirect link between environmental & social governance implementation and innovation performance
    JOURNAL OF BUSINESS RESEARCH Vol. 119 pp. 99 - 110 (12 pages)
    Publisher: ELSEVIER SCIENCE INC
    https://doi.org/10.1016/j.jbusres.2019.07.014
  4. Zhang D; Broadstock DC (2020)
    Global financial crisis and rising connectedness in the international commodity markets
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS Vol. 68 (11 pages)
    Publisher: ELSEVIER SCIENCE INC
    https://doi.org/10.1016/j.irfa.2018.08.003
  5. Broadstock D; Chen X; Agnes Cheng CS; Huang W (2020)
    The value of implicit political connections
    Journal of International Accounting Research Vol. 19 (2) pp. 1 - 18
    https://doi.org/10.2308/jiar-18-604
  6. Broadstock DC; Managi S; Matousek R; Tzeremes NG (2019)
    Does doing "good" always translate into doing "well"? An eco-efficiency perspective
    BUSINESS STRATEGY AND THE ENVIRONMENT Vol. 28 (6) pp. 1199 - 1217 (19 pages)
    Publisher: WILEY
    https://doi.org/10.1002/bse.2311
  7. Broadstock DC; Cheng LTW (2019)
    Time-varying relation between black and green bond price benchmarks: Macroeconomic determinants for the first decade
    FINANCE RESEARCH LETTERS Vol. 29 pp. 17 - 22 (6 pages)
    Publisher: ACADEMIC PRESS INC ELSEVIER SCIENCE
    https://doi.org/10.1016/j.frl.2019.02.006
  8. Broadstock DC; Collins A; Hunt LC; Vergos K (2018)
    Voluntary disclosure, greenhouse gas emissions and business performance: Assessing the first decade of reporting
    BRITISH ACCOUNTING REVIEW Vol. 50 (1) pp. 48 - 59 (12 pages)
    Publisher: ELSEVIER SCI LTD
    https://doi.org/10.1016/j.bar.2017.02.002
  9. Broadstock DC; Fan Y; Ji Q; Zhang D (2016)
    Shocks and Stocks: A Bottom-up Assessment of the Relationship Between Oil Prices, Gasoline Prices and the Returns of Chinese Firms
    ENERGY JOURNAL Vol. 37 pp. 55 - 86 (32 pages)
    Publisher: INT ASSOC ENERGY ECONOMICS
    https://doi.org/10.5547/01956574.37.SI1.dbro
  10. Tsekouras K; Chatzistarnoulou N; Kounetas K; Broadstock DC (2016)
    Spillovers, path dependence and the productive performance of European transportation sectors in the presence of technology heterogeneity
    TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE Vol. 102 pp. 261 - 274 (14 pages)
    Publisher: ELSEVIER SCIENCE INC
    https://doi.org/10.1016/j.techfore.2015.09.008

View full list of publications

  1. Black C; Broadstock DC; Collins A; Hunt LC (2006)
    Towards sustainable urban development: Traffic generation at food superstores in the UK
    WIT Transactions on the Built Environment  Vol. 89  pp. 61 - 70
    https://doi.org/10.2495/UT060071
  2. Black C; Broadstock DC; Collins A; Hunt LC (2006)
    Towards sustainable urban development: traffic generation at food superstores in the UK
    URBAN TRANSPORT XII: URBAN TRANSPORT AND THE ENVIRONMENT IN THE 21ST CENTURY  Vol. 89  pp. 61 - 70 (10 pages)
    Editors: Brebbia CA; Dolezel V, (WIT Transactions on the Built Environment)
    12th International Conference on Urban Transport and the Environment in the 21st Century CZECH REPUBLIC, Prague (12 Jul 2006 - 14 Jul 2006)
    Publisher: WIT PRESS
    https://doi.org/10.2945/UT060071
  1. Broadstock DC; Chatziantoniou I; Gabauer D (2022)
    Minimum Connectedness Portfolios and the Market for Green Bonds: Advocating Socially Responsible Investment (SRI) Activity
    Book Title: Applications in Energy Finance: The Energy Sector, Economic Activity, Financial Markets and the Environment   pp. 217 - 253
    https://doi.org/10.1007/978-3-030-92957-2_9
  2. Broadstock DC; Cheng LTW; Poon JSC (2021)
    Fintech unicorns
    Book Title: The Palgrave Handbook of FinTech and Blockchain   pp. 109 - 170
    https://doi.org/10.1007/978-3-030-66433-6_6
  3. Broadstock D; Filis G (2015)
    Energy prices, sectoral indices and regulation
    Book Title: Energy Technology and Valuation Issues   pp. 25 - 55
    https://doi.org/10.1007/978-3-319-13746-9_3
  1. Kim JW; Broadstock D; Ho B (2022)
    Corporate Internal Carbon Pricing: Global Trends and Challenges
  2. Kim JW; Broadstock D (2021)
    Verifying the Environmental Credentials of Green Bonds: Integrity and Transparency Issues