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Ökonomische Analyse von Leasingverträgen

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Huber, B. Ökonomische Analyse von Leasingverträgen. Journal of Contextual Economics – Schmollers Jahrbuch, 114(1), 63-80. https://doi.org/10.3790/schm.114.1.63
Huber, Bernd "Ökonomische Analyse von Leasingverträgen" Journal of Contextual Economics – Schmollers Jahrbuch 114.1, 1994, 63-80. https://doi.org/10.3790/schm.114.1.63
Huber, Bernd (1994): Ökonomische Analyse von Leasingverträgen, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 114, iss. 1, 63-80, [online] https://doi.org/10.3790/schm.114.1.63

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Ökonomische Analyse von Leasingverträgen

Huber, Bernd

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 114 (1994), Iss. 1 : pp. 63–80

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Article Details

Huber, Bernd

Abstract

The paper studies the choice between debt and leasing contracts in a principalagent framework. It can be shown that leasing can only dominate debt finance, if bankruptcy can occur. One surprising result is that leasing will be preferred since it increases the probability of bankruptcy. The analysis also shows that the introduction of buy options can improve the efficiency of a leasing contract.