Keywords: Emissions trading
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Journal Articles
Journal of Financial Reporting and Accounting 1–20.
Published: 07 October 2026
...-count HHI is 0.741 with an 85.4% AAA share. The broad national-emissions-trading-system sector-policy proxy is the strongest full-sample signal in the pre-declared three-proxy family, but significance does not survive a conservative definition. Weather sorting disappears after excluding Beijing...

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