Firm Structure, Multinationals, and Manufacturing Plant Deaths

Andrew Bernard and J. Jensen ()

No WP06-7, Working Paper Series from Peterson Institute for International Economics

Abstract: Plant shutdowns shape industry productivity, the dynamics of employment, and industrial restructuring. Plant closures account for more than half of gross job destruction in US manufacturing. This paper examines the effects of firm structure on US manufacturing plant closures. Plants belonging to multi-plant firms and those owned by US multinationals are less likely to exit. However, the superior survival chances are due to the characteristics of the plants rather than the nature of the firms. Controlling for plant and industry attributes, we find that plants owned by multi-unit firms and US multinationals are much more likely to close.

Keywords: Exit; shutdown; closure; multi-plant firms; multinational firms; takeovers; entry costs; agglomeration; specialization (search for similar items in EconPapers)
JEL-codes: D21 D24 F23 L20 L6 (search for similar items in EconPapers)
Date: 2006-09
New Economics Papers: this item is included in nep-bec, nep-ent and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Firm Structure, Multinationals, and Manufacturing Plant Deaths (2007)
Working Paper: Firm Structure, Multinationals, and Manufacturing Plant Deaths (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:iie:wpaper:wp06-7

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