The impact of ownership changes and age effects on plant exits in UK manufacturing, 1974--1995. (Q1605255)
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scientific article; zbMATH DE number 1768134
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The impact of ownership changes and age effects on plant exits in UK manufacturing, 1974--1995. |
scientific article; zbMATH DE number 1768134 |
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The impact of ownership changes and age effects on plant exits in UK manufacturing, 1974--1995. (English)
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15 July 2002
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This paper uses the individual plant level records of the UK government's ABI respondents database (or ARD) for the UK manufacturing sector (1974--1995) to consider how ownership effects (particularly changes in ownership) and other variables linked with the age of the plant determine the probability of plant closure. Using a hazard model, we find changes in ownership to be significant and for the most part negatively related to the probability of plant survival.
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Plant closure
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Hazard rates
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UK manufacturing
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