Firm structure, multinationals, and manufacturing plant deaths

被引:157
作者
Bernard, Andrew B. [1 ]
Jensen, J. Bradford
机构
[1] Tuck Sch Business, Dartmouth, NS, Canada
[2] NBER, Cambridge, MA 02138 USA
基金
英国经济与社会研究理事会;
关键词
D O I
10.1162/rest.89.2.193
中图分类号
F [经济];
学科分类号
02 ;
摘要
Plant shutdowns shape industry productivity, the dynamics of employment, and industrial restructuring. Plant closures account for more than half of gross job destruction in U.S. manufacturing. This paper examines the effects of firm structure on U.S. manufacturing plant closures. Plants belonging to multiplant firms and those owned by U.S. 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 multiunit firms and U.S. multinationals are much more likely to close.
引用
收藏
页码:193 / 204
页数:12
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