This study aims to identify and evaluate the key trends in the leasing sector in Poland from the perspective of both the present situation and the coming years. The literature review and the conducted In-Depth Interviews among senior executives of leasing businesses in Poland and among...

A lease is defined as an agreement in which the renting party (lessee) leases an asset from the renting party (lessor) for use within a specified period in exchange for a predetermined rent. Rent is given as a support for the smooth running of business activities. The method of payment of rent...

This paper tries to offer a thorough overview of the advantages of leasing from both a personal and professional standpoint. This article illustrates the benefits of leasing as a sensible substitute for outright ownership by looking at a variety of factors, including flexibility,...

Leasing is a common transaction in the business world, where companies lease assets such as buildings, vehicles, or equipment for a certain period of time. Proper disclosure in the company's financial statements about lease transactions is essential to provide accurate and comprehensive...

Leasing is a common transaction in the business world, where companies lease assets such as buildings, vehicles, or equipment for a certain period of time. Fair disclosure in a company's financial statements about lease transactions is essential to providing accurate and complete information to...

We analyze the influence of sponsors and major shareholders on the financing cost of financial leasing companies.Based on the natural experiment of financial leasing companies issuing financial bonds,We find the financing cost of financial leasing companies controlled by non-banks is...

More than 50% of airline aircraft in the world are leased. The article analyzes the global aviation leasing market, including the largest lessor companies. Companies from China are of particular interest. In addition, the positions of Russian companies are analyzed, both from the supply side and...

The new lease standard (Accounting Standards Codification [ASC] 842), which is expected to alleviate the reporting issues associated with operating leases, requires formal recognition of related assets and liabilities on the balance sheet. Disregarding the considerable controversy surrounding...

This paper argues that leasing, as an important but often ignored source of external financing, facilitates the allocation efficiency of finance. We document a large overestimation of measured finance misallocation (Whited and Zhao, 2021) when lease-induced debt is ignored among US manufacturing...

Green leases in commercial real estate have gained widespread attention from real estate investors in recent years. As an appendix to the lease contract, a green lease is designed to reduce energy consumption in buildings and ensure compliance with climate targets in their markets. Using a...

The recent change in financial reporting for lease obligations provides an opportunity to assess whether the new disclosures improve the information environment available for credit risk assessments and decision-making. Comparisons of newly reported capitalized operating leases, weighted average...

Under IAS 17, around 85% of leases were reported as operating. Under IFRS 16, finance and operating leases are no longer separated. This study responds to the IFRS Foundation's call about the effects of implementing IFRS 16 by examining three types of effects: a combined effect, a...

This paper identifies the importance of reducing fixed costs for establishing industrial zones as part of an agglomeration policy. China's economic growth has been driven by the agglomeration of manufacturing firms via industrial zones that attract foreign direct investment. This investment...

This study analyzes how lease expirations affect the performance of commercial real estate (CRE) properties and how these patterns changed during the COVID-19 crisis. Even before the pandemic, lease expirations were associated with a notable increase in the downside risk to a property's...

Payday loans, consumer leases and, increasingly, buy-now-pay-later (BNPL) products occupy a central place in Australian consumer law and policy debates. These products have all been identified by consumer advocates as a source of financial stress. Credit cards typically receive far less...

This study examines how the implementation of the new lease accounting standard (ASC 842) affects banks’ internal credit ratings for their clients. Leveraging ASC 842’s staggered implementation due to different fiscal year ends, we find that, contrary to the concern held by most managers,...

Based on the data of A-share companies in Shanghai and Shenzhen from 2007 to 2019, this paper conducts an empirical analysis on the impact of Chinese entity enterprises' sharing and holding financial leasing companies on their business performance. We find that holding the financial leasing...

We study how leasing plays a novel role in improving total factor productivity (TFP) by facilitating entry and technology adoption. As a form of more collateralizable financing, leasing provides additional financing for investment required in a productive sector, and raises the expected...

We extend neoclassical investment theory with uncertainty by considering the operating lease. In this paper, we argue that the operating lease provides an important benefit of flexibility when firms cannot costlessly adjust their capital stocks. We explicitly build a buy-and-lease decision...

This paper explores the connection between tenant riskiness, commercial lease length and the term structure of lease contracts. Theory shows that the possibility of default on a long-term lease generates a risk/lease-length connection. The empirical work uses a large CompStak lease dataset...

The study examined the effect of lease financing on the performance of quoted consumer goods companies in Nigeria for the period - 2009 to 2018. Specifically, the study assesses the effect of finance or capital lease, leveraged lease, and the moderating effect of firm size on lease financing and...

Considering the influence of economies of scale and ship capacity on empty container repositioning, using foldable containers and container leasing may be effective ways to save the operating costs of liner shipping companies. Considering the minimization of the transportation costs of empty and...

In this paper, we argue that leasing is an important alternative way of capital reallocation. We propose a broader measure of capital reallocation, which not only includes asset purchase and sale, but also considers lease. Empirically, we show that the lease-induced reallocation component is...

We examine the performance of new lease accounting rules in private debt markets. Among debt contracts issued before ASC 842 became effective but that end after the effective date, we find 87 percent exclude or provide an option for contracting parties to exclude the effects of ASC 842. We find...

We examine the real effects of lease capitalization rules (i.e., standards that require firms to capitalize finance leases) on corporate investment. We show that the introduction of these rules leads to a decrease in investment, which is more pronounced for firms with high reliance on leases. We...

We apply latent Dirichlet allocation to examine the textual characteristics of firms’ transition disclosures in the context of the adoption of Accounting Standard Codification (ASC) 842 on leases. We find that firms’ lease transition disclosures become less readable and more dissimilar the...

This study finds that the requirement of ASC 842 for firms to capitalize operating leases in financial statements beginning in 2019 resulted in firms affected by the standard reducing existing debt amounts on average between 7% and 10% relative to unaffected firms. We also find that firms with...

This paper explores the connection between tenant riskiness, commercial lease length and the term structure of lease contracts. Theory shows that the possibility of default on a long-term lease generates a risk/lease-length connection. The empirical work uses a large CompStak lease dataset...

Green leases in commercial real estate have gained widespread attention from real estate investors in recent years. As an appendix to the lease contract, a green lease is designed to reduce energy consumption in buildings and ensure compliance with climate targets in their markets. Using a...

As developers and companies around the world recognize the ineffeciency and costs associated with maintaining their own datacenters and computer hardware, the cloud providers beckon, offering worry-free maintenance, unlimited scalability, substantial cost savings, and automatic updating....

The focal point analysis is a viable approach to analyze models of finitely durable goods in infinite time horizon. Agrawal, Ferguson, Toktay, and Thomas [Agrawal VV, Ferguson M, Toktay LB, Thomas VM (2012) Is leasing greener than selling? Management Sci. 58(3):523-533.] study the focal point of...

Inspired by the electric vehicle (EV) startup NIO which adopts a Battery-as-a-Service (BaaS) model with a swappable battery design and experiments with flexible battery up/downgrading, we study a flexible EV battery lease program where customers lease batteries of their chosen capacities with...

This paper studies the role of shareholder activism on corporate leases. We find that the presence of shareholder 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....

Green leases in commercial real estate have gained widespread attention from real estate investors in recent years. As an appendix to the lease contract, a green lease is designed to reduce energy consumption in buildings and ensure compliance with climate targets in their markets. Using a...

Since 1993, the Ethiopian government has been using the urban land leasing system to monetize the increase in land value created due to factors other than private investment. Thus, this paper aims to explore and understand whether Bahir Dar city is leveraging the urban land lease system as a...