The lease-purchase decision for agricultural assets
1994
Ford, S.A. | Musser, W.N.
The decision to lease or purchase an asset is analyzed with methodology adapted from the corporate finance literature. The methodology allows determination of a break-lease even lease payment using a minimum of information. Symmetry between the lessee and lessor is also examined. Effects of changes in the discount rate, marginal tax rate. capital rationing, and other parameters on break-even lease payments are examined analytically and numerically. Analysis of differences in the parameters of the lessee and lessor identifies conditions under which markets for leasing arrangements will exist.
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Este registro bibliográfico ha sido proporcionado por National Agricultural Library