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’...

This study examines the effects of local stock returns on antidepressant usage using the Truven Health MarketScan® individual prescription drug data. There are three main findings. First, a one standard deviation decrease in local stock return increases local investor's antidepressant usage by...