Hendro Sugandi

Hendro Sugandi

Stockholm School of Economics

Biography

Welcome to my website. I am a PhD candidate in Finance at the Stockholm School of Economics. My research interests are in empirical asset pricing and statistical learning. I am on the job market and will be available for interviews at both the EEA 2021 and ASSA 2022 virtual meetings.

Interests
  • Empirical asset pricing
  • Market anomalies
  • Mutual fund
  • Statistical learning
Education
  • PhD in Finance, 2022 (Expected)

    Stockholm School of Economics

  • MSc in Financial Engineering, 2016

    University of Illinois at Urbana-Champaign

  • BSc in Industrial Engineering, 2010

    Bandung Institute of Technology

Research

  • Working paper (JMP): Information uncertainty and investors’ expectations: evidence from earnings announcements
    • Abstract: This paper investigates the relationships among information uncertainty, investors’ expectation errors, and earnings announcement returns. I use earnings announcement periods to observe the change in investors’ expectations about the firms’ future earnings prospects. Investors are too optimistic (pessimistic) about the prospects of stocks with low (high) expected earnings. Thus, stocks with low and high expected earnings tend to be overpriced and underpriced before the earnings announcements, respectively. The errors in expectations are larger for stocks with high information uncertainty. Hence, the effect of information uncertainty on earnings announcement returns is conditional on the stocks’ mispricing levels. Information uncertainty is positively (negatively) related to earnings announcement returns for underpriced (overpriced) stocks.
  • Work in progress:
    • Mutual funds and market anomalies
    • Target leverage and the cross-section of stock returns (joint with Michael Halling)