Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/114686 
Year of Publication: 
1995
Citation: 
[Journal:] Journal of Small Business Finance [ISSN:] 1057-2287 [Volume:] 4 [Issue:] 2/3 [Publisher:] JAI Press [Place:] Greenwich, CT [Year:] 1995 [Pages:] 113-127
Publisher: 
JAI Press, Greenwich, CT
Abstract: 
This paper reports survey results regarding leasing practices of small firms. Small firms that lease are more likely to be relatively large manufacturing firms which exhibit higher debt ratios and higher sales growth. The survey responses as well as empirical analyses of pertinent data reveal that the relationship between debt and leasing is complementary. Unlike their larger counterparts, small firms seldom use text-book recommended lease-borrow decision models. Also, unlike large firms, small firms are more likely to offer “dubious” reasons, such as off-balance sheet accounting and 100 percent financing, as advantages of leasing.
Subjects: 
Small Firms
Leasing
Small Business
JEL: 
L25
G32
Document Type: 
Article

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