In this study, we investigate why companies intend to use nonownership services by
conducting qualitative interviews with 10 experts to develop our hypotheses, then using a …

In January 2016, the International Accounting Standards Board issued a new standard for
lease accounting: International Financial Reporting Starndard (IFRS) 16. IFRS 16 will lead to …

This paper studies the financing role of leasing and secured lending. We argue that the
benefit of leasing is that repossession of a leased asset is easier than foreclosure on the …

Business start‐ups lack prior history and reputation, face high failure risk, and have highly
concentrated ownership. The resulting information and incentive problems, combined with …

In response to perceived difficulties with extant lease-accounting standards in operation
worldwide, the G4+ 1 issued a discussion paper which proposes that all leases should be …

Purpose The purpose of this paper is to review empirical research on the determinants of
leasing. Design/methodology/approach The paper reviews previous literature that has …

This article provides a comprehensive assessment of private firms' financing sources and
their relation with financial reporting practices. We consider debt financing (bank financing …

It is well known that Micro and Small and Medium sized Enterprises (SMEs) are the
backbone of the economy. Most of these companies use external financing sources like debt …

This study employs a dataset from three German leasing companies with 14,322 defaulted
leasing contracts to analyze different approaches to estimating the loss given default (LGD) …

This paper is devoted to the credit risk modeling issues of retail lease portfolios. Using a re-
sampling method, I estimate the probability density function of losses and VaR measures in …