Kaposty, Florian; Klein, Philipp; Löderbusch, Matthias; … - In: Review of Managerial Science 16 (2021) 5, pp. 1561-1597
Leasing provides a fundamental source of firm funding, especially for small and medium-sized enterprises. A crucial … loan and bond loss given default (LGD) are not transferable to the leasing industry. Our analysis is based on a very … clearly indicate the crucial importance of this separation when analyzing the drivers of the leasing LGD in detail because …