Table 7
Plant level summary statistics—Comparison of means

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Plant level summary statistics—Comparison of means
  Nationality of control before ownership changes (OC) – Domestic Nationality of control before ownership changes (OC) – Foreign
No ownership change With ownership change of domestic to domestic Sgnificant difference With ownership change of domestic to foreign Significant difference No ownership change With ownership change of foreign to foreign Significant difference With ownership change of foreign to domestic Significant difference
Number of observations 360,419 4,648 … 1,470 … 46,591 2,303 … 1,018 …
Plant knowledge intensity 0.54714 1.01625 Yes 1.00632 Yes 1.07592 1.1497 Yes 1.12151 Yes
Plant size 2.43223 5.92179 Yes 5.42967 Yes 5.67933 5.98557 No 5.75394 No
Plant number of products 1.50636 2.23859 Yes 2.13878 Yes 2.24541 2.28601 No 2.52165 Yes
Plant age 8.37777 9.04045 Yes 9.45714 Yes 9.76601 9.81806 No 9.47937 No
Unrelated plant binary variable 1 0.02808 0.14608 Yes 0.12449 Yes 0.2033 0.26444 Yes 0.2446 Yes
Change in plant knowledge intensity -0.059245 -0.011796 Yes -0.019438 Yes -0.022628 -0.012338 No 0.0019197 Yes
Change in plant size 0.000088 0.000109 No 0.00013 No 0.0001 -0.000077 Yes -1.96E-05 No
Change in plant wage rate 0.008131 0.003175 Yes 0.00124 No 0.00424 0.001112 No -0.0022255 No
Change in plant profit rate -0.025712 -0.0052 No -0.006711 No -0.00095 -0.271928 Yes 0.0508378 No
Industry relative knowledge intensity 0.905932 1.01035 Yes 1.10071 Yes 1.16683 1.20839 Yes 1.0871 Yes
Industry relative plant size 0.897271 1.47481 Yes 1.51673 Yes 1.77588 1.7493 No 1.815315 No
Industry relative wage rate 0.895811 0.953561 Yes 0.973466 Yes 0.998381 0.987941 Yes 0.9684814 Yes
Industry relative profit rate 0.851419 0.915015 Yes 0.960321 Yes 1.00164 1.00635 No 0.9715689 Yes
1.
Binary variable to capture related or unrelated merger/acquisition. It takes on value of 1 if the acquired plant is owned by a firm whose primary activity is in another industry, and 0 otherwise.
Note(s):
Variables are defined in Section 4.
Source(s):
Longitudinal Manufacturing Research Database, Statistics Canada.