Finance leasing is a financing device in the form of a lease. It has been used as an effective alternative to the … purchase of equipment. Usually a finance leasing transaction works in the following way. At the request of the lessee, with his …, often by the lessee on behalf of the lessor, and the lessee would share a substantial proportion of the proceeds of the sale.Leasing …

substitution of leasing and debt financing for lessee firms. However, we find no evidence that firms use leasing as an instrument … to reduce their tax burdens. -- Leasing ; financial constraints ; capital structure ; asymmetric information …