Lease or Purchase [electronic resource] : Theory and Practice /

Lease or Purchase [electronic resource] : Theory and Practice /

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Leasing of capital assets has become an important financing method, not only in the United States but in most West European countries as well. As a result, more and more often, practitioners and theorists are confronted with the lease-or-purchase issue. It may be rather difficult, however, to resolve this issue since there is a multitude of lease-or-purchase models that vary widely in assumed initial conditions, form, and content. In this book, I review and evaluate a number of these models, paying attention to financial leases as well as to operating leases. The models will be analyzed verbally, by means of a numerical example and utilizing uniform mathematical nota­ tion. After having discussed the theoretical achievements in this area, I investigate the reasons why preference is given to leasing in real-world situa­ tions and then look into any differences in legal provisions, income tax systems, and accounting regulations in various countries as they may affect the leasing of capital assets. Consequently, I feel that this book is a helpful instrument for both theorists and practitioners confronted with the lease-or­ purchase decision. Many people made valuable contributions toward developing this book, among others my colleagues of the Department of Business Finance of Erasmus University, Rotterdam. Besides, I am especially indebted to Pro­ fessor Dr. A. I. Diepenhorst for his advice and suggestions, to an anonymous reviewer for helpful comments, and to Mrs. M. Leutscher-Van den Berg for her patient help in preparing the various versions of the manuscript.

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Main Authors: Herst, Arthur C. C. author., SpringerLink (Online service)
Format: Texto biblioteca
Language:eng
Published: Dordrecht : Springer Netherlands, 1984
Subjects:Finance., Business., Management science., Accounting., Bookkeeping., Finance, general., Accounting/Auditing., Business and Management, general.,
Online Access:http://dx.doi.org/10.1007/978-94-009-5640-7
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spelling KOHA-OAI-TEST:1728252018-07-30T22:50:13ZLease or Purchase [electronic resource] : Theory and Practice / Herst, Arthur C. C. author. SpringerLink (Online service) textDordrecht : Springer Netherlands,1984.engLeasing of capital assets has become an important financing method, not only in the United States but in most West European countries as well. As a result, more and more often, practitioners and theorists are confronted with the lease-or-purchase issue. It may be rather difficult, however, to resolve this issue since there is a multitude of lease-or-purchase models that vary widely in assumed initial conditions, form, and content. In this book, I review and evaluate a number of these models, paying attention to financial leases as well as to operating leases. The models will be analyzed verbally, by means of a numerical example and utilizing uniform mathematical nota­ tion. After having discussed the theoretical achievements in this area, I investigate the reasons why preference is given to leasing in real-world situa­ tions and then look into any differences in legal provisions, income tax systems, and accounting regulations in various countries as they may affect the leasing of capital assets. Consequently, I feel that this book is a helpful instrument for both theorists and practitioners confronted with the lease-or­ purchase decision. Many people made valuable contributions toward developing this book, among others my colleagues of the Department of Business Finance of Erasmus University, Rotterdam. Besides, I am especially indebted to Pro­ fessor Dr. A. I. Diepenhorst for his advice and suggestions, to an anonymous reviewer for helpful comments, and to Mrs. M. Leutscher-Van den Berg for her patient help in preparing the various versions of the manuscript.1 Introduction -- 2 Concepts and Requirements -- 3 Financial Leasing: Analysis of Some Lease Evaluation Models Recommended in Literature -- 4 Financial Leasing: Towards a Model Meeting the Requirements -- 5 Operating Leases -- 6 Empirical Evidence -- 7 Leasing in Some West European Countries -- 8 Summary of Main Conclusions -- Appendix 1 Financial Leasing -- Appendix 2 Operating Leasing -- Indexes.Leasing of capital assets has become an important financing method, not only in the United States but in most West European countries as well. As a result, more and more often, practitioners and theorists are confronted with the lease-or-purchase issue. It may be rather difficult, however, to resolve this issue since there is a multitude of lease-or-purchase models that vary widely in assumed initial conditions, form, and content. In this book, I review and evaluate a number of these models, paying attention to financial leases as well as to operating leases. The models will be analyzed verbally, by means of a numerical example and utilizing uniform mathematical nota­ tion. After having discussed the theoretical achievements in this area, I investigate the reasons why preference is given to leasing in real-world situa­ tions and then look into any differences in legal provisions, income tax systems, and accounting regulations in various countries as they may affect the leasing of capital assets. Consequently, I feel that this book is a helpful instrument for both theorists and practitioners confronted with the lease-or­ purchase decision. Many people made valuable contributions toward developing this book, among others my colleagues of the Department of Business Finance of Erasmus University, Rotterdam. Besides, I am especially indebted to Pro­ fessor Dr. A. I. Diepenhorst for his advice and suggestions, to an anonymous reviewer for helpful comments, and to Mrs. M. Leutscher-Van den Berg for her patient help in preparing the various versions of the manuscript.Finance.Business.Management science.Accounting.Bookkeeping.Finance.Finance, general.Accounting/Auditing.Business and Management, general.Springer eBookshttp://dx.doi.org/10.1007/978-94-009-5640-7URN:ISBN:9789400956407
institution COLPOS
collection Koha
country México
countrycode MX
component Bibliográfico
access En linea
En linea
databasecode cat-colpos
tag biblioteca
region America del Norte
libraryname Departamento de documentación y biblioteca de COLPOS
language eng
topic Finance.
Business.
Management science.
Accounting.
Bookkeeping.
Finance.
Finance, general.
Accounting/Auditing.
Business and Management, general.
Finance.
Business.
Management science.
Accounting.
Bookkeeping.
Finance.
Finance, general.
Accounting/Auditing.
Business and Management, general.
spellingShingle Finance.
Business.
Management science.
Accounting.
Bookkeeping.
Finance.
Finance, general.
Accounting/Auditing.
Business and Management, general.
Finance.
Business.
Management science.
Accounting.
Bookkeeping.
Finance.
Finance, general.
Accounting/Auditing.
Business and Management, general.
Herst, Arthur C. C. author.
SpringerLink (Online service)
Lease or Purchase [electronic resource] : Theory and Practice /
description Leasing of capital assets has become an important financing method, not only in the United States but in most West European countries as well. As a result, more and more often, practitioners and theorists are confronted with the lease-or-purchase issue. It may be rather difficult, however, to resolve this issue since there is a multitude of lease-or-purchase models that vary widely in assumed initial conditions, form, and content. In this book, I review and evaluate a number of these models, paying attention to financial leases as well as to operating leases. The models will be analyzed verbally, by means of a numerical example and utilizing uniform mathematical nota­ tion. After having discussed the theoretical achievements in this area, I investigate the reasons why preference is given to leasing in real-world situa­ tions and then look into any differences in legal provisions, income tax systems, and accounting regulations in various countries as they may affect the leasing of capital assets. Consequently, I feel that this book is a helpful instrument for both theorists and practitioners confronted with the lease-or­ purchase decision. Many people made valuable contributions toward developing this book, among others my colleagues of the Department of Business Finance of Erasmus University, Rotterdam. Besides, I am especially indebted to Pro­ fessor Dr. A. I. Diepenhorst for his advice and suggestions, to an anonymous reviewer for helpful comments, and to Mrs. M. Leutscher-Van den Berg for her patient help in preparing the various versions of the manuscript.
format Texto
topic_facet Finance.
Business.
Management science.
Accounting.
Bookkeeping.
Finance.
Finance, general.
Accounting/Auditing.
Business and Management, general.
author Herst, Arthur C. C. author.
SpringerLink (Online service)
author_facet Herst, Arthur C. C. author.
SpringerLink (Online service)
author_sort Herst, Arthur C. C. author.
title Lease or Purchase [electronic resource] : Theory and Practice /
title_short Lease or Purchase [electronic resource] : Theory and Practice /
title_full Lease or Purchase [electronic resource] : Theory and Practice /
title_fullStr Lease or Purchase [electronic resource] : Theory and Practice /
title_full_unstemmed Lease or Purchase [electronic resource] : Theory and Practice /
title_sort lease or purchase [electronic resource] : theory and practice /
publisher Dordrecht : Springer Netherlands,
publishDate 1984
url http://dx.doi.org/10.1007/978-94-009-5640-7
work_keys_str_mv AT herstarthurccauthor leaseorpurchaseelectronicresourcetheoryandpractice
AT springerlinkonlineservice leaseorpurchaseelectronicresourcetheoryandpractice
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