Financial Structure, Acquisition Opportunities, and Firm Locations

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Bond market access and investment (2014, background): “We also include the natural logarithm of sales to control for firm size as large firms are more likely 9 to make acquisitions (Almazan et al., 2010).”
Incentives, Targeting and Firm Performance: An Analysis of Non-Executive Stock Options (2010, background): “First, our results are robust to excluding all firms located in industry clusters, whether defined as in Almazan et al (2010), Engelman et al (2009), or Kedia and Rajgopal (2007).19 Second, an additional concern might be that local economic shocks extend beyond the industry cluster.”
Friendly Boards and Innovation (2018, unknown): “We also consider only firms in non-innovative industries because firms’ propensity to innovate is likely to vary depending on their geographic location (e.g., Jaffe, Trajtenberg, and Henderson, 1993; Almazan et al., 2010).”
Deviation from the Target Capital Structure and Acquisition Choices (2011, unknown): “acquisitions (Almazan et al., 2010) since they are more diversified, which enables them to raise capital to finance acquisitions on short notice.”
Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence (2019, unknown): “The type of disasters we consider include oil spills (26), nuclear leakages (6), mine accidents (3), air carrier crashes (3), train (and other transportation) accidents (4), shipwrecks (2), structural failures (3), industrial explosions (2), fires (3), and building collapses (1).”