Year: 2019
Author: Lisi, Gaetano
Applied Economics Quarterly, Vol. 65 (2019), Iss. 3 : pp. 237–246
Abstract
Abstract
This paper is the first attempt to empirically test the relationship between homeownership and business start-up by putting emphasis on the characteristics of both homeowners and firms. It relies on the fact that the firm size is relevant when considering the relationship between homeownership (outright or with mortgage) and new enterprises (small-sized or medium- and large-sized). A cross-section analysis of Italy supports our hypothesis that firm size matters in estimating the actual effect of homeownership on business start-up: Homeownership has a negative effect on large-sized business start-up; in contrast, outright homeownership has a positive effect on small business start-up, whereas homeownership with mortgage payments has a negative effect only on small business start-up. Theoretical explanations are also provided.
JEL Classifications: C31, L25, L26, M13, R21, R31
firm size, business start-up, homeownership
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Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/aeq.65.3.237
Applied Economics Quarterly, Vol. 65 (2019), Iss. 3 : pp. 237–246
Published online: 2019-07
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 10
Keywords: C31 L25 L26 M13 R21 R31 firm size business start-up homeownership
Author Details
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| Section Title | Page | Action | Price |
|---|---|---|---|
| Gaetano Lisi: Does Firm Size Matter? The Impact of Homeownership on Business Start-up in Italy | 1 | ||
| Abstract | 1 | ||
| 1. Introduction | 1 | ||
| 2. Empirical Analysis | 2 | ||
| 3. Conclusions | 9 | ||
| References | 9 |