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On Productivity and Plant Ownership: New Evidence from the Longitudinal Research Database (LRD).

Robert H. McGuckin

出版	U.S. Census Bureau [custodian]
URL	http://books.google.com.hk/books?id=2ZdJwAEACAAJ&hl=&source=gbs_api

註釋

In this article, the authors examine the type of establishment that experiences ownership change and how the transferred properties perform after acquisition. Our empirical work uses an unbalances panel of 28,294 plants taken from the Longitudinal Research Database (LRD) for the period 1977-1987. Authors find (1) ownership change is generally associated with the transfer of plants with above average productivity, but large plants are more likely to be purchased, rather than closed, when they are performing performing poorly; and (2) transferred plants experience improvement in productivity performance. These results suggest that the managerial-discipline theory cannot be used to explain most ownership changes.