Roger K. Loh
Associate Professor of Finance
Singapore Management University
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Lee Kong Chian School of Business
50 Stamford Rd, #4046
Singapore 178899

Full CV (pdf)

Academic Background
Ph.D. in Finance, Fisher College of Business, Ohio State University, 2003-2008
M.Sc. (Mgt) National University of Singapore, 2000-2002
B.B.A.  (Finance, 1st Class Honors), National University of Singapore, 1996-2000

Associate Professor of Finance (with tenure), Lee Kong Chian School of Business, Singapore Management University, Jul 2016-present
    Finance Area Coordinator, Jul 2017-present

Assistant Professor of Finance, Lee Kong Chian School of Business, Singapore Management University, Jul 2008-Jun 2016

Lecturer of Finance, Singapore Management University, 2002-2003

Asian Equities Research Intern, Credit Suisse First Boston (Singapore), Summer 2000

Research Interests
Empirical Asset Pricing
Security Analysts
Behavioral Finance

Is sell-side research more valuable in bad times? 2018, Journal of Finance 73, 959-1013 (with René Stulz). (Internet Appendix, Slides)
    Featured in Bloomberg news, and The Economist.

Have we solved the idiosyncratic volatility puzzle? 2016, Journal of Financial Economics 121, 167-194 (with Kewei Hou). (Slides)
    Featured in Alpha Architect, Nov 2015.

Streaks in earnings surprises and the cross-section of stock returns, 2012, Management Science 58, 1305-1321 (with Mitch Warachka). (Slides)
     Profiled in Citigroup Academic Digest, Apr 2009.

When are analyst recommendation changes influential?, 2011, Review of Financial Studies 24, 593-627 (with René Stulz). (Internet Appendix, Slides)
     Featured in Wall Street Journal, 2009, “Markets often shrug at analysts’ calls”.
     Profiled in NBER Digest, Sep 2009, and Citigroup Academic Digest, Jun 2009.

Investor inattention and the underreaction to stock recommendations, 2010, Financial Management 39, 1223-1251.
     Profiled in Citigroup Academic Digest, 2009.

Do accurate earnings forecasts facilitate superior investment recommendations?, 2006, Journal of Financial Economics 80, 455-483, (with Mujtaba Mian).
    Reprinted in CFA Digest 36, Nov 2006, 41-42.

The quality of analysts' earnings forecasts during the Asian crisis: Evidence from Singapore, 2003, Journal of Business Finance and Accounting 30, 749-769 (with Mujtaba Mian).

Working Papers
Physical frictions and digital banking adoption, with Hyun-Soo Choi (Presented at Toronto FinTech conference, HKU FinTech conference, and SYSBS Finance Conference). 2019. Video highlights

Getting feedback on your research: Evidence from analysts, with Yuan Zhuang (Presented at CIFFP 2018, KAIST, PBC Tsinghua, Melbourne, Deakin) 2018.


Do large gains make willing sellers?, Apr 2019, with Dong Hong and Mitch Warachka. Presented at ASSA-AREUEA 2015. Best paper award at California Corporate Finance Conference, Nov 2014.

Ad hoc article on fund fees
Fatal or friendly fees? Unit trusts versus ETFs, Nov 2008.

Official SMU profile
Google scholar profile
Seminar series in SMU
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