Government bonds might provide reference entities that reduce corporate bond yield. We study China's 2017 issuance of … indicates that new corporate bond maturities shifted toward the sovereign bonds' maturity after their issuance …

Researchers have recently studied the interactions between corporate and government bond issuances within many … countries. Some conclude that government bonds compete with private bond issuances, while others maintain that government bonds …

at testing whether agents make investment decisions according to expected utility, cumulative prospect theory (Tversky …-Kahneman, 1992) or optimal expectations theory (Brunnermeier and Parker, 2005, Brunnermeier et al., 2007) when they face skewed … distributions of returns. We show that more than 56% of the 245 participants obey optimal expectations theory. They choose a …

whether agents make investment decisions according to expected utility, cumulative prospect theory or optimal expectations … theory, when they face skewed distributions of returns. We show that more than 55% of the 245 participants obey optimal … expectations theory. They choose a distribution of payoffs dominated for second-order stochastic dominance and which would not be …