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Original Articles

Leases, debt and taxable capacity

Pages 71-83 | Published online: 06 Oct 2010

Keep up to date with the latest research on this topic with citation updates for this article.

Read on this site (6)

Jun Ren, Shengxian Gao & Dongliang Pan. (2023) Revealing the Default Risks in MSMEs Financial Leasing: Identification and Underlying Mechanism. Emerging Markets Finance and Trade 0:0, pages 1-14.
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Begoña Giner & Francisca Pardo. (2017) Operating lease decision and the impact of capitalization in a bank-oriented country. Applied Economics 49:19, pages 1886-1900.
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Marizah Minhat & Nazam Dzolkarnaini. (2016) Is executive compensation a substitute governance mechanism to debt financing and leasing?. Applied Economics 48:14, pages 1293-1302.
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Myong Jae Lee, Chang Huh & Ju Yeong Lee. (2015) Business Cycle and Long-Term Debt: Effects on Hotel Operating Lease. The Journal of Hospitality Financial Management 23:2, pages 138-146.
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Marc Deloof, Istvan Lagaert & Ilse Verschueren. (2007) Leases and Debt: Complements or Substitutes? Evidence from Belgian SMEs. Journal of Small Business Management 45:4, pages 491-500.
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Mike Adams & Philip Hardwick. (1998) Determinants of the leasing decision in United Kingdom listed companies. Applied Financial Economics 8:5, pages 487-494.
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Articles from other publishers (19)

Elizabeth Devos, Erik Devos, He Li & Desmond Tsang. (2021) Operating Lease as Alternative Financing for REITs: a Viable Strategy or a Sign of Trouble?. The Journal of Real Estate Finance and Economics 65:2, pages 153-180.
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Amare Abawa Esubalew & A. Raghurama. (2020) The mediating effect of entrepreneurs’ competency on the relationship between Bank finance and performance of micro, small, and medium enterprises (MSMEs). European Research on Management and Business Economics 26:2, pages 87-95.
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Qaiser Munir, Sook Ching Kok, Tamara Teplova & Tongxia Li. (2017) Powerful CEOs, debt financing, and leasing in Chinese SMEs: Evidence from threshold model. The North American Journal of Economics and Finance 42, pages 487-503.
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Tongxia Li, Rahimie Karim & Qaiser Munir. (2016) The determinants of leasing decisions: an empirical analysis from Chinese listed SMEs. Managerial Finance 42:8, pages 763-780.
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Stefania Cosci, Roberto Guida & Valentina Meliciani. (2015) Leasing Decisions and Credit Constraints: Empirical Analysis on a Sample of Italian Firms. European Financial Management 21:2, pages 377-398.
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Dilek Bülbül, Felix Noth & Marcel Tyrell. (2013) Why Do Banks Provide Leasing?. Journal of Financial Services Research 46:2, pages 137-175.
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Rolf Uwe Fülbier & Jane Fehr. (2013) Bilanzwirksamkeit und -unwirksamkeit von Leasingverhältnissen aus Sicht der empirischen Forschung. Journal für Betriebswirtschaft 63:4, pages 207-242.
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Suzanne Landry, Anne Fortin & Antonello Callimaci. (2013) Family firms and the lease decision. Journal of Family Business Strategy 4:3, pages 176-187.
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Amrik Singh. (2011) Is Leasing a Substitute or Complement to Debt?. Journal of Hospitality & Tourism Research 37:2, pages 155-183.
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Antonello Callimaci, Anne Fortin & Suzanne Landry. (2011) Determinants of leasing propensity in Canadian listed companies. International Journal of Managerial Finance 7:3, pages 259-283.
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H. Kent Baker & Gerald S. MartinSris Chatterjee & An Yan. 2011. Capital Structure and Corporate Financing Decisions. Capital Structure and Corporate Financing Decisions 387 400 .
Imanueli D. Mnzava. (2008) The Significance of Tax as a Determinant of Leasing: Evidence from UK Tax changes. Asia Pacific Business Review 4:1, pages 3-16.
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Meziane Lasfer. (2007) On the financial drivers and implications of leasing real estate assets. Journal of Corporate Real Estate 9:2, pages 72-96.
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Marie-Christine Filareto-Deghaye & Éric Séverin. (2006) Les déterminants du choix crédit-bail/emprunt bancaire : une application sur les PME françaises par le KACM. Marché et organisations N° 2:2, pages 62-78.
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An Yan. (2009) Leasing and Debt Financing: Substitutes or Complements?. Journal of Financial and Quantitative Analysis 41:3, pages 709-731.
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John Pointon & Derek Spratley. (2004) The impact of UK tax reform on share buybacks, capital investment and financing choices. Journal of Applied Accounting Research 7:1, pages 46-73.
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Vivien Beattie, Alan Goodacre & Sarah Thomson. (2000) Operating leases and the assessment of lease–debt substitutability. Journal of Banking & Finance 24:3, pages 427-470.
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Meziane Lasfer. (2005) Why do Companies Lease their Real Estate Assets?. SSRN Electronic Journal.
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Constantin F. Slotty. (2009) Financial Constraints and the Decision to Lease - Evidence from German SME. SSRN Electronic Journal.
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