Table 2 Explaining dispersion of ownership
From: Empirical evidence on the ownership and liquidity of real estate tokens
| Â | Number of owners (N) | Ownership concentration (HHI*) | ||
|---|---|---|---|---|
Coefficient | t-statistic | Coefficient | t-statistic | |
Intercept | 382.2 | 7.52* |  − 0.476 |  − 0.15 |
Token amount (NUM) | 0.015 | 1.12 | 0.0012 | 1.45 |
Property value (VAL) | 0.00040 | 2.72* |  − 0.000020 |  − 2.12* |
Days since listed (AGE) |  − 0.417 |  − 6.06* | 0.022 | 5.08* |
DETROIT dummy |  − 128.3 |  − 3.19* | 0.349 | 0.14 |
R-square (adj.) | 0.792 | 0.286 | ||