| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5083714 | International Review of Economics & Finance | 2013 | 12 Pages |
Abstract
⺠We examine the determinants of financing choice between leasing and debt. ⺠Our results show that debt and leases are used as substitutes. ⺠More financially constrained firms tend to choose leasing over debt. ⺠Leasing decision is made by weighting the agency cost against repossession benefit. ⺠Results are robust to estimation that controls for endogeneity and panel dynamics.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jane-Raung Lin, Chia-Jane Wang, De-Wei Chou, Fei-Chun Chueh,