Plant Size, Nationality, and Ownership Change

John Baldwin

Economic Analysis (EA) Research Paper Series from Statistics Canada, Analytical Studies Branch

Abstract: This paper asks whether synergies or managerial discipline operates in different ways across small versus large plants to affect the likelihood of mergers. Our findings indicate that those characteristics which provide the type of synergies upon which ownership changes rely are important factors leading to plant-ownership changes across most size classes. The magnitudes, however, are different across plant-size classes, with synergies generally being more important in larger plants. Foreign plants in all size classes are more likely to be taken over. The effective rates of control change differ much more in the small than in the larger size classes. Compared to domestic plants, multinational plants in the smaller size classes contain relatively more of the type of intangible capital that makes them attractive vehicles for the transmission of new knowledge via takeover.

Keywords: Business performance and ownership; Business adaptation and adjustment; Business cycles; Business ownership; Entry; exit; mergers and growth (search for similar items in EconPapers)
Date: 2010-02-25
New Economics Papers: this item is included in nep-bec and nep-ent
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Related works:
Journal Article: Plant Size, Nationality, and Ownership Change (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:stc:stcp5e:2010060e

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