Are leases and debt substitutes? Evidence from Belgian firms

Financial Management

Volumn 28, Issue 2, 1999, Pages 91-95

  Deloof, Marc ^a   Verschueren, Ilse ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0033415810     PISSN: 00463892     EISSN: None     Source Type: Journal    
DOI: 10.2307/3666198     Document Type: Article

References (12)

1. Adedeji, A. and R.C. Stapleton, 1996, "Leases, Debt, and Taxable Capacity," Applied Financial Economics (6), 71-83.
2. Ang, J. and P.P. Peterson, 1984, "The Leasing Puzzle," Journal of Finance (September), 1055-65.
3. Deloof, M., 1998, "Internal Capital Markets, Bank Borrowing, and Financing Constraints: Evidence from Belgian Firms," Journal of Business Finance and Accounting (September/October), 945-968.
4. Deloof, M. and I. Verschueren, 1998, "De Determinanten van de Kapitaalstructuur van Belgische Ondernemingen" (The Determinants of the Capital Structure of Belgian Firms), Tijdschrift voor Economie en Management (June), 165-188.
5. Durinck, E., K. Jansen, E. Laveren, and C. Van Hulle, 1990, "Financial Leasing and the Pie Approach: Tax Asymmetries and Depreciation," Cahiers Economiques de Bruxelles (128), 485-519.
6. Eurostat, 1985, NACE: General Industrial Classification of Economic Activities within the European Communities, Brussels, ECSC-EEE-EAEC.
7. Krishnan, V.S. and R.C. Moyer, 1994, "Bankruptcy Costs and the Financial Leasing Decision," Financial Management (Summer), 31-42.
8. Lease, R.C., J.J. McConnell, and J.S. Schalheim, 1990, "Realized Returns and the Default and Prepayment Experience of Financial Leasing Contracts", Financial Management (Summer), 11-20.
9. Lewis, C.M. and J.S. Schallheim, 1992, "Are Debt and Leases Substitutes?" Journal of Financial and Quantitative Analysis (December), 497-511.
10. Mukherjee, T.K., 1991, "A Survey of Corporate Leasing Analysis," Financial Management (Autumn), 96-107.
11. Sharpe, S.A. and H.H. Nguyen, 1995, "Capital Market Imperfection and the Incentive to Lease," Journal of Financial Economics (October), 271-294.
12. Wymeersch, E., 1994, "Institutional Investors, Financial Groups and their Impact on Corporate Governance in Belgium," in T. Baums, R.M. Buxbaum and K.J. Hopt, Eds., Institutional Investors and Corporate Governance, Berlin, Walter de Gruyter, 347-384.