Table 6
Plant size, nationality and ownership changes, pooled sample

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Plant size, nationality and ownership changes, pooled sample: Part 1
	Probit coefficients		Marginal effects
	coefficient	standard error	coefficient	standard error
Variables
Foreign binary variable	2.02075 ^**	0.07337	0.38391 ^**	0.02782
Plant size	0.01990 ^**	0.00071	0.00058 ^**	0.00002
Plant knowledge intensity	0.24526 ^**	0.00731	0.00716 ^**	0.00021
Plant age	0.00675 ^**	0.00088	0.00020 ^**	0.00003
Plant age for older plants	0.00718 ^**	0.00066	0.00021 ^**	0.00002
Plant number of products	0.02004 ^**	0.00303	0.00058 ^**	0.00009
Unrelated plant binary variable	0.47903 ^**	0.01919	0.02576 ^**	0.00154
Change in plant size	6.56741 ^**	2.45221	0.19165 ^**	0.07157
Change in plant knowledge intensity	0.13628 ^**	0.01147	0.00398 ^**	0.00033
Change in plant wage rate	-0.01677	0.03167	-0.00049	0.00092
Change in plant profit rate	-0.00005	0.00108	-1.48E-06	0.00003
Number of plants in industry	-0.00015 ^**	0.00001	-4.36E-06 ^**	9.56E-08
Relative industry plant size	0.00936 ^**	0.00252	0.00027 ^**	0.00007
Relative industry knowledge intensity	0.05790 ^**	0.01684	0.00169 ^**	0.00049
Relative industry wage rate	0.42036 ^**	0.03721	0.01227 ^**	0.00109
Relative industry profit rate	0.44652 ^**	0.03840	0.01303 ^**	0.00112
Foreign binary variable interacted with
Plant size	-0.01939 ^**	0.00118	-0.00052 ^**	0.00011
Plant knowledge intensity	-0.17470 ^**	0.01533	0.00098	0.00157
Plant age	-0.00313 ^*	0.00159	0.00022	0.00016
Plant age for older plants	-0.00236 ^†	0.00125	0.00035 ^**	0.00012
Plant number of products	-0.01390 ^**	0.00532	0.00012	0.00051
Unrelated plant binary variable	-0.32590 ^**	0.02809	-0.00456	0.00307
Change in plant size	-13.6936 ^**	3.76585	-1.01340 ^**	0.33750
Change in plant knowledge intensity	-0.08320 ^**	0.02557	0.00214	0.00266
Change in plant wage rate	-0.13015 ^†	0.06790	-0.01645 ^*	0.00699
Change in plant profit rate	-0.00258	0.00195	-0.00030	0.00019
Relative industry plant size	-0.00732 ^†	0.00388	-0.00004	0.00035
Relative industry knowledge intensity	-0.01002	0.02932	0.00383	0.00296
Relative industry wage rate	-0.69335 ^**	0.05863	-0.04375 ^**	0.00564
Relative industry profit rate	-0.60933 ^**	0.06642	-0.03180 ^**	0.00651
Net marginal effects on being foreign	…	…	0.04647 ^**	0.00114

Plant size, nationality and ownership changes, pooled sample: Part 2
	Probit coefficients	Marginal effects
Diagnostic statistics
Number of observations	416,449	416,449
R-squared	0.1009	0.1009

p<0.05

p<0.01

†

p<0.10

Note(s):

Results on constant, industry and year dummies are not reported because of space limitations. Some of the numbers in this table are followed by the letter E, which stands for exponent, a plus sign or a minus sign, and two digits that indicate the power of 10 by which the number is multiplied. This is a way to write numbers that accommodate values too large or too small to be conveniently written in decimal notation.

Table 6Plant size, nationality and ownership changes, pooled sample

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Table 6
Plant size, nationality and ownership changes, pooled sample