...Jim Musumeci; Thomas O’Brien Purpose The purpose of this paper is to survey the lease vs buy coverage in leading managerial finance textbooks and to clarify the impact of tax rates and borrowing rates. Design/methodology/approach The survey uses “plain vanilla” lease vs buy scenarios...

...Tongxia Li; Rahimie Karim; Qaiser Munir Purpose – The purpose of this paper is to investigate the determinants of leasing decisions for a sample of China’s non-financial small and medium-sized enterprises (SMEs). Design/methodology/approach – Pooled ordinary least squares and Tobit models...

...Giulio Tagliavini; Alessandro Carretta; Alessandro Carretta; Gianni Nicolini Purpose Leasing evaluation is a subject that has drawn significant interest in economic circles for many years. The numerous models proposed in the literature have approached the topic from a variety of outlooks...

...Giulio Tagliavini; Alessandro Carretta; Franco Fiordelisi; Stefano Monferrà Purpose The purpose of this paper is to analyse the creation of shareholder value (SHV) created by non‐depository financial institutions and, especially, by leasing and factoring (L&F) companies. Design/methodology...

...Giulio Tagliavini; Alessandro Carretta; Marie‐Paule Laurent; Mathias Schmit; Suk Chun Van Belle Purpose The purpose of this paper is to examine residual value risk modelling issues with a focus on automotive lease portfolios. Residual value risk is approached through a re‐sampling technique...

... The approach is empirical: two different database of leasing contracts are analysed with econometric methodologies. Findings There is clear evidence that: lessors are ex ante able to balance the probability of default and the loss given default case by case, using proper contract structures...

...Giulio Tagliavini; Alessandro Carretta; Enrico Moretto; Giulio Tagliavini Purpose The purpose of this paper is to investigate how asset risk (i.e. the risk that the value of the leased asset loses unexpectedly most of its value at the end of the contract) is measured and hedged. Design...