Herst, A.C.C. <br/><br/>
Lease or Purchase  Theory and Practice /  [electronic resource] : 
by A.C.C. Herst. 
 - 1st ed. 1984. 
 - 300 p.  online resource. 
 - Dimensions of International Business ;  4 .
 - Dimensions of International Business ;  4 .
<br/><br/>1 Introduction -- 2 Concepts and Requirements -- 3 Financial Leasing: Analysis of Some Lease Evaluation Models Recommended in Literature -- 4 Financial Leasing: Towards a Model Meeting the Requirements -- 5 Operating Leases -- 6 Empirical Evidence -- 7 Leasing in Some West European Countries -- 8 Summary of Main Conclusions -- Appendix 1 Financial Leasing -- Appendix 2 Operating Leasing -- Indexes. 
<br/><br/> Leasing of capital assets has become an important financing method, not only in the United States but in most West European countries as well. As a result, more and more often, practitioners and theorists are confronted with the lease-or-purchase issue. It may be rather difficult, however, to resolve this issue since there is a multitude of lease-or-purchase models that vary widely in assumed initial conditions, form, and content. In this book, I review and evaluate a number of these models, paying attention to financial leases as well as to operating leases. The models will be analyzed verbally, by means of a numerical example and utilizing uniform mathematical nota­ tion. After having discussed the theoretical achievements in this area, I investigate the reasons why preference is given to leasing in real-world situa­ tions and then look into any differences in legal provisions, income tax systems, and accounting regulations in various countries as they may affect the leasing of capital assets. Consequently, I feel that this book is a helpful instrument for both theorists and practitioners confronted with the lease-or­ purchase decision. Many people made valuable contributions toward developing this book, among others my colleagues of the Department of Business Finance of Erasmus University, Rotterdam. Besides, I am especially indebted to Pro­ fessor Dr. A. I. Diepenhorst for his advice and suggestions, to an anonymous reviewer for helpful comments, and to Mrs. M. Leutscher-Van den Berg for her patient help in preparing the various versions of the manuscript. 
<br/><br/><label>ISBN: </label>9789400956407 
<br/><br/><label>Standard No.: </label>10.1007/978-94-009-5640-7  doi 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Finance.<br/>Accounting.<br/>Bookkeeping .<br/>Business.<br/>Management science.<br/>Finance, general.<br/>Accounting/Auditing.<br/>Business and Management, general.
<br/><br/><label>LC Class. No.: </label>HG1-9999 
<br/><br/><label>Dewey Class. No.: </label>332