development of financial innovations by exploring the emergence and initial legal framing of off-balance-sheet leasing in Germany … uncertainties. This was about to change after the initial legal framing of leasing in the 1970's which eliminated those legal … uncertainties and off-balance-sheet leasing entered into a stunning period of growth while laying the foundation of a regulatory …

activists is associated with large increases in leasing. This association is stronger in periods of high real estate prices and … for firms with larger amounts of real estate assets. We also find that higher leasing in the presence of activist … investing is accompanied by higher dividend payments and lower investment. The leasing activity associated with shareholder …

This thesis investigates the determinants of the use of debt and leasing in the UK using a comprehensive measure of … found that the empirical relationships between the tax factor and debt and leasing are consistent with those theoretical … predictions. Furthermore, there is a clear distinction between the effect of taxes on debt and leasing where the firm’s marginal …