the extent to which firms are financially constrained. For the most constrained firms leasing (debt) is negatively … the hypothesis that constrained firms tend to choose leasing over debt financing. The results are robust to various …

different studies. The most delicate and complex situation appears in case of a vehicle financed by leasing. In the end, we …

Das Leasing hat 2012, trotz eines minimalen Rückgangs von 0,2%, besser abgeschnitten als die gesamtwirtschaftlichen … Bundesverband Deutscher Leasing-Unternehmen (BDL) durchgeführt wurde. …

The question of leasing credit as a substitute or complement of a banking loan has still not been resolved in the … characteristics of firms using leasing credit and on the other hand, to better understand the relationship between leasing and credit … rationing. Firstly, our results suggest that SME use leasing all the more the leasing so when they are young, leveraged, less …

Purpose - Leasing evaluation is a subject that has drawn significant interest in economic circles for many years. The … contributions made to date, however, all share what would appear to be an unwritten premise: namely, that leasing evaluation … logically occurs prior to the start of the leasing relationship. The purpose of this paper is to eliminate this premise, in …

-risk part of leasing activities. …

external financing (namely bank loans, leasing, factoring, guarantee products and European funds) and the value added created …