This paper used the composite construction method proposed by Haugen (1999) and its application by Zhao and Wang (2010) for the Chinese stock market. Utilizing the Shanghai A-share market stocks data, this paper first selected the shares listed on the Shanghai Stock Exchange during January 1,...

We employ individual-level data for antidepressant usage to study the effects of stock market fluctuations on the psychological health of investors. Utilizing the home bias phenomenon of investors, we find that a one standard deviation decrease in local stock returns increases local investors’...

Using individual-level data of antidepressant prescriptions filled and the local bias phenomenon of investors in the United States, we study the effects of stock declines on the psychological health of investors and find that a one standard deviation decrease in local stock returns increases...