Hi, I'm Roger Loh, Associate Professor of Finance at NTU - Singapore. I do research on how attention, beliefs, and financial information shape investor behavior, household financial decisions, and asset prices.
Hi, I'm Roger Loh, Associate Professor of Finance at NTU - Singapore. I do research on how attention, beliefs, and financial information shape investor behavior, household financial decisions, and asset prices.
Kewei Hou, Roger K. Loh, Lin Peng, Wei Xiong
Management Science, Forthcoming. Manuscript: August 11, 2026.
Using a broad set of attention measures, the paper finds stronger price momentum but weaker earnings momentum among stocks attracting more attention.
Recent Media Coverage on Retail Investors and Analyst Downgrades
Recent CNA commentary on Retail Investors and Analyst Downgrades
Only about one in eight analyst recommendation changes has a noticeable impact on stock prices. For those that do, much of the price reaction has already occurred by the time retail investors read about them in the news, whether on the day the recommendation is issued or the following day.
Read 4 Nov 2026 Channel News Asia Commentary | Based on Loh and Stulz (RFS 2011) When are analyst recommendations Influential?
Nanyang Business School
Nanyang Technological University
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Singapore 639956