“管院教授论坛”系列学术讲座第31期
活动安排
时间：2025年12月16日（周二）16: 00-17:00
讲座地点：松江校区2教235
主 讲 人：张健 上海外国语大学国际工商管理学院 教授
主题：Financial Inclusion and Public Mental Health: Evidence from P2P Lending Platform Entry and Opioid-Related Deaths
讲座摘要
This paper examines whether and how the introduction of peer-to-peer (P2P) lending platforms affects opioid-related mortality, one of the most severe public health crises in the United States with over 150 daily overdose deaths. The theoretical relationship is ambiguous: while improved credit access may alleviate economic stress and reduce opioid intake motivated by financial distress, it could potentially enable opioid prescribing by providing additional financial resources. Exploiting the staggered introduction of Lending Club across U.S. states as a quasi-natural experiment, we find that P2P lending entry leads to a reduction of 17 opioid-related deaths per million population. The effect operates through improved psychological well-being, as evidenced by reduced work intensity, decreased mental health-related mortality, and lower suicide rates. Cross-sectional analyses reveal stronger effects in areas with limited banking presence, higher household leverage, and lower sunlight exposure, consistent with P2P lending being particularly beneficial where financial constraints and psychological vulnerability are more severe.
主讲人简介
张健，教授、博士生导师、美国天普大学工商管理博士，上海市人才项目获得者，一直致力于公司金融实证研究，取得一系列重要研究成果。主持国家自然科学基金面上项目、青年项目以及教育部人文社科青年项目、资政报告获省部级领导批示；在Management Science、Journal of Business Ethics和Journal of Corporate Finance等期刊发表高水平论文三十余篇。担任Financial Innovation期刊编委、China Finance Review International青年编委等学术兼职。
承办单位
国际工商管理学院
