Determinants of the leasing decision in United Kingdom listed companies

References

• Adedeji , A. and Stapleton , R. C. 1996 . Leases, debt and taxable capacity . Applied Financial Economics , 6 : 71 – 83 .
   Google Scholar
• Ang , J. and Peterson , J. J. 1984 . The leasing puzzle . The Journal of Finance , 39 : 1055 – 1065 .
   Web of Science ®Google Scholar
• Belsley , R. G. , Kuh , E. and Welsch , R. E. 1980 . Regression Diagnostics: Identifying Influential Data and Sources of Collinearity , New York : John Wiley .
   Google Scholar
• Booth , J. R. 1992 . Contract costs, bank loans, and the cross-monitoring hypothesis . Journal of Financial Economics , 31 : 25 – 41 .
   Web of Science ®Google Scholar
• Bowman , R. G. 1980 . The debt equivalence of leases: an empirical investigation . The Accounting Review , 55 : 237 – 253 .
   Web of Science ®Google Scholar
• Drury , C. and Braund , S. 1989 . A survey of UK leasing practice . Management Accounting (UK) , 67 ( 4 ) : 40 – 43 .
   Google Scholar
• Drury , C. and Braund , S. 1990 . The leasing decision: a comparison of theory and practice . Accounting and Business Research , 20 : 179 – 191 .
   Google Scholar
• Finance and Leasing Association (FLA) . 1994 . Annual Report , London : FLA .
   Google Scholar
• Finance and Leasing Association (FLA) . 1995 . Annual Survey of Business Finance 1994 , London : FLA .
   Google Scholar
• Flath , D. 1980 . The economics of short-term leasing . Economic Inquiry , 18 : 247 – 259 .
   PubMed Web of Science ®Google Scholar
• Garrod , N. 1989 . Regulation and response: the case of lease disclosure in the U.K . Research in Accounting Regulation , 3 : 69 – 92 .
   Google Scholar
• de Harris , F. H. B . 1994 . Asset specificity, capital intensity and capital structure: an empirical test . Managerial and Decision Economics , 15 : 563 – 576 .
   Google Scholar
• Klein , B. , Crawford , R. and Alchian , A. A. 1978 . Vertical integration, appropriable rents and the competitive contracting process . Journal of Law and Economics , 21 : 297 – 326 .
   Web of Science ®Google Scholar
• KPMG . 1995 . Equipment Leasing in the UK Tax Environment , London : KPMG .
   Google Scholar
• Krishnan , V. S. and Moyer , R. C. 1994 . Bankruptcy costs and the financial leasing decision . Financial Management , 23 ( 2 ) : 31 – 42 .
   Web of Science ®Google Scholar
• Lease , R. C. , McConnell , J. J. and Schallheim , J. S. 1990 . Realized returns and the default and prepayment experience of financial leasing contracts . Financial Management , 19 ( 2 ) : 11 – 20 .
   Web of Science ®Google Scholar
• London Stock Exchange (LSE) . December 1994 . Quality of Markets Monthly Fact Sheet , December , London : LSE .
   Google Scholar
• Marston , F. and Harris , R. S. 1988 . Substitutability of leases and debt in corporate capital structures . Journal of Accounting, Auditing and Finance , 3 : 147 – 169 .
   Google Scholar
• Myers , S. C. 1977 . Determinants of corporate borrowing . Journal of Financial Economics , 5 : 147 – 175 .
   Web of Science ®Google Scholar
• Schallheim , J. S. , Johnson , R. E. , Lease , R. C. and McConnell , J. J. 1987 . The determinants of yields on financial leasing contracts . Journal of Financial Economics , 19 : 45 – 67 .
   Web of Science ®Google Scholar
• Sharpe , S. A. and Nguyen , H. H. 1995 . Capital market imperfections and incentive to lease . Journal of Financial Economics , 39 : 271 – 294 .
   Web of Science ®Google Scholar
• Smith , C. W. and Wakeman , L. M. 1985 . Determinants of corporate leasing policy . The Journal of Finance , 40 : 895 – 908 .
   Web of Science ®Google Scholar
• Stulz , R. and Johnson , H. 1985 . An analysis of secured debt . Journal of Financial Economics , 14 : 501 – 521 .
   Web of Science ®Google Scholar
• Taylor , P. and Turley , S. 1985 . The views of management on accounting for leases . Accounting and Business Research , 16 : 59 – 67 .
   Google Scholar
• United Kingdom Accounting Standards Committee (ASC) . August 1984 . SSAP 21: Accounting for leases and hire purchase contracts , August , ASC . 1984
   Google Scholar
• United Kingdom Consumer Credit Act 1974 , London : HMSO .
   Google Scholar
• United Kingdom Companies Act 1985 , London : HMSO .
   Google Scholar
• United Kingdom Finance Act 1984 , London : HMSO .
   Google Scholar
• April . United Kingdom Inland Revenue Statement of Practice SP3/91 , April , London : HMSO .
   Google Scholar
• Waring , A. 1995 . Determinants of corporate leasing policy: some UK evidence . Journal of Industrial Affairs , 4 : 19 – 31 .
   Google Scholar
• Williamson , O. E. 1988 . Corporate finance and corporate governance . The Journal of Finance , 43 : 567 – 591 .
   Web of Science ®Google Scholar