Table 7
Plant size, nationality and factors leading to ownership change, first and second quartiles

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Plant size, nationality and factors leading to ownership change, first and second quartiles: Part 1
	First quartile				Second quartile
	Probit coefficients		Marginal effects		Probit coefficients		Marginal effects
	coefficient	standard error	coefficient	sandard error	coefficient	sandard error	coefficient	standard error
Variables
Foreign binary variable	2.15664 ^**	0.22660	0.24930 ^**	0.07117	2.13080 ^**	0.17586	0.34138 ^**	0.06401
Plant size	0.42058 ^**	0.05518	0.00310 ^**	0.00043	0.19033 ^**	0.02714	0.00314 ^**	0.00046
Plant knowledge intensity	0.25128 ^**	0.02151	0.00185 ^**	0.00017	0.21248 ^**	0.01806	0.00351 ^**	0.00030
Plant age	-0.01067 ^**	0.00328	-0.00008 ^**	0.00002	-0.00872 ^**	0.00232	-0.00014 ^**	0.00004
Plant age for older plants	-0.00468 ^†	0.00254	-0.00003 ^†	0.00002	-0.00021	0.00167	-3.43E-06	0.00003
Plant number of products	0.07296 ^**	0.01603	0.00054 ^**	0.00012	0.02750 ^**	0.01039	0.00045 ^**	0.00017
Unrelated plant binary variable	0.67232 ^**	0.06927	0.01307 ^**	0.00270	0.49146 ^**	0.05330	0.01496 ^**	0.00264
Change in plant size	29.52898 ^*	12.42519	0.21730 ^*	0.09193	19.50006 ^*	7.97558	0.32203 ^*	0.13208
Change in plant knowledge intensity	0.12713 ^**	0.03074	0.00094 ^**	0.00023	0.09642 ^**	0.02766	0.00159 ^**	0.00046
Change in plant wage rate	-0.02430	0.07865	-0.00018	0.00058	-0.07213	0.07909	-0.00119	0.00131
Change in plant profit rate	-0.00180	0.00224	-0.00001	0.00002	-0.00054	0.00336	-0.00001	0.00006
Number of plants in industry	-0.00017 ^**	0.00004	1.122E-6 ^**	3.01E-07	-0.00027	0.00003	-4.51E-06 ^**	2.88E-07
Relative industry plant size	0.01345 ^**	0.00531	0.00010 ^*	0.00004	0.01549 ^**	0.00500	0.00026 ^**	0.00008
Relative industry knowledge intensity	0.13264 ^**	0.04915	0.00098 ^**	0.00036	0.03879	0.03838	0.00064	0.00063
Relative industry wage rate	0.69450 ^**	0.10435	0.00511 ^**	0.00080	0.52491 ^**	0.08547	0.00867 ^**	0.00143
Relative industry profit rate	0.32044 ^**	0.10998	0.00236 ^**	0.00082	0.58487 ^**	0.08665	0.00966 ^**	0.00145
Foreign binary variable interacted with
Plant size	-0.31154 ^**	0.09184	0.00694 ^*	0.00694	-0.06516	0.04639	0.00840 ^*	0.00366
Plant knowledge intensity	-0.16935 ^**	0.04913	0.00569	0.00409	-0.12868 ^**	0.03725	0.00422	0.00302
Plant age	0.02003 ^**	0.00566	0.00094 ^*	0.00043	0.00621	0.00413	-0.00009	0.00413
Plant age for older plants	0.01032 ^*	0.00491	0.00055	0.00039	0.00473	0.00320	0.00042 ^†	0.00025
Plant number of products	-0.16395 ^**	0.03670	-0.00891 ^**	0.00306	-0.01989	0.01723	0.00025	0.00128
Unrelated plant binary variable	-0.55650 ^**	0.10325	-0.00174	0.00837	-0.34199 ^**	0.07691	-0.00001	0.00655
Change in plant size	-49.91368 ^*	22.71214	-2.09389	1.75694	-25.28223 ^*	14.2496	-0.85528	1.09880
Change in plant knowledge intensity	-0.13267	0.08300	-0.00145	0.00711	0.01411	0.06320	0.00860 ^†	0.00526
Change in plant wage rate	-0.27808	0.18714	-0.02766 ^†	0.01565	-0.23209	0.16636	-0.02687 ^*	0.01356
Change in plant profit rate	-0.00082	0.00911	-0.00023	0.00081	0.00490	0.01320	0.00041	0.00118
Relative industry plant size	-0.00751	0.00827	0.00045	0.00060	-0.00432	0.00768	0.00077	0.00055
Relative industry knowledge intensity	0.09104	0.09946	0.01962 ^*	0.00828	0.08133	0.07097	0.01044 ^†	0.00586
Relative industry wage rate	-0.81981 ^**	0.17974	-0.01665	0.01397	-0.79897 ^**	0.14103	-0.03394 ^**	0.01091
Relative industry profit rate	-0.38320 ^†	0.21742	-0.00814	0.01744	-0.78449 ^**	0.16317	-0.02807 ^*	0.01303
Net marginal effect on being foreign	…	…	0.04104 ^**	0.00352	…	…	0.03769 ^**	0.00255

Plant size, nationality and factors leading to ownership change, first and second quartiles: Part 2
	First quartile	Second quartile
Diagnostic statistics
Number of observations	108,006	102,785
R-squared	0.1972	0.1411

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 7Plant size, nationality and factors leading to ownership change, first and second quartiles

Archived Content

Table 7
Plant size, nationality and factors leading to ownership change, first and second quartiles