The legislative modifications, both in accounting/book-keeping and fiscal manner, influenced the leasing which is known … financing. Starting from the rules imposed to nobanking financial institutions which evolve the credit activity through leasing … entities level which achieve leasing operations or acquire fixed assets in leasing conditions. …

We develop a dynamic model of investment, capital structure, leasing, and risk management based on firms' need to … constraints. Leasing is strongly collateralized costly financing and permits greater leverage. More constrained firms hedge less …

Financial economists view the tax benefits of leasing as transaction-specific functions of the tax effects of rents …