题　目：Indirect Cost of Stock Market Participation: Evidence from Medical Outcomes

嘉　宾：任远 助理教授 浙江大学

主持人：幸婧 副教授 上海交通大学安泰经济与管理学院

时　间：2024年11月13日（周三）13:30-15:00

地　点：上海交通大学 徐汇校区安泰楼A409室

内容简介:

This paper investigates the indirect cost of stock market participation using administrative data from a large Chinese hospital covering about four million patient visits. In addition to the well-established negative health implication of stock market decline on stockholding patients, we show that in settings where patients have little impact, market fluctuations in either direction worsen medical outcomes, as shown by increased outpatient revisits and poor surgical wound healing. This effect is highly transitory, driven by extreme market turmoil, accompanied by signs of doctors’ deteriorated clinical practice, and matches the dynamics of retail investors’ attention to the market.

演讲人简介：

任远，是浙江大学经济学院金融系助理教授。他在2021年于新加坡国立大学获得金融学博士学位。主要研究方向为家庭金融、金融科技、行为金融和应用微观计量。其论文在经济研究、经济学（季刊）、Review of Finance等经济金融杂志上发表。主持国家级和省部级自然科学基金各一项。

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