Is Government Responsiveness Priced in Capital Markets? Evidence from Chengtou Bond Credit Spreads

Pan Jianping, Wang Yao, Zhou Yuxuan, Yu Minggui

The Journal of World Economy ›› 2026, Vol. 49 ›› Issue (4) : 111-137.

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The Journal of World Economy ›› 2026, Vol. 49 ›› Issue (4) : 111-137.

Is Government Responsiveness Priced in Capital Markets? Evidence from Chengtou Bond Credit Spreads

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{{article.zuoZheEn_L}}. {{article.title_en}}[J]. {{journal.qiKanMingCheng_EN}}, 2026, 49(4): 111-137

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