IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2022v3p91-102.html

Leasing As A Form Of Financing In Romania. From Theory To Practice

Author

Listed:
  • GEORGE-AURELIAN TUDOR

    (BUCHAREST UNIVERSITY OF ECONOMIC STUDIES, ROMANIA)

Abstract

The increasingly pressing presence of today's financial difficulties is leading top management, and not only, to identify new opportunities for economic revitalization, which implies the operationalization of a higher level of cash flow compared to previous periods and, why not, the orientation towards new business directions of companies operating in the current economic environment. Thus, the principal focus of this article is on respondents' perceptions of the use of leasing as a form of financing, given that more and more companies are using this form of financing (leasing) to purchase cars. This research also contributes to the literature on the concept of leasing as a form of financing. The authors' expectations are aimed at confirming a high level of leasing's appreciation as a financing instrument and valuable in companies' strategy setting. In this article the authors carried out a questionnaire that was distributed to 100 respondents, accounting professionals and not only, on the basis of which we can investigate their (the respondents') appreciation of leasing as a form of financing, as well as to identify some stereotypes on how accountants and not only accountants act in the current economic environment. Among the results obtained, 70% of respondents appreciate leasing as a form of financing. However, leasing as a instrument for setting objectives is appreciated to a lesser percentage. Also, the relevance of the accountant plays an important role in the process of advising companies, with 70% of respondents appreciating this aspect.

Suggested Citation

  • George-Aurelian Tudor, 2022. "Leasing As A Form Of Financing In Romania. From Theory To Practice," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 91-102, June.
    • Handle: RePEc:cbu:jrnlec:y:2022:v:3:p:91-102
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2022-03/11_Tudor.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kusano, Masaki, 2018. "Effect of capitalizing operating leases on credit ratings: Evidence from Japan," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 30(C), pages 45-56.
    2. Bourjade, Sylvain & Huc, Regis & Muller-Vibes, Catherine, 2017. "Leasing and profitability: Empirical evidence from the airline industry," Transportation Research Part A: Policy and Practice, Elsevier, vol. 97(C), pages 30-46.
    3. Munir, Qaiser & Kok, Sook Ching & Teplova, Tamara & Li, Tongxia, 2017. "Powerful CEOs, debt financing, and leasing in Chinese SMEs: Evidence from threshold model," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 487-503.
    4. Hsieh, Su-Jane & Su, Yuli, 2015. "The economic implications of the earnings impact from lease capitalization," Advances in accounting, Elsevier, vol. 31(1), pages 42-54.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yaghoub Abdi & Xiaoni Li & Xavier Càmara-Turull, 2023. "Firm value in the airline industry: perspectives on the impact of sustainability and Covid-19," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 10(1), pages 1-24, December.
    2. Alessandro Mechelli & Riccardo Cimini, 2021. "The effect of corporate governance and investor protection environments on the value relevance of new accounting standards: the case of IFRS 9 and IAS 39," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 25(4), pages 1241-1266, December.
    3. Francesco Bellandi, 2021. "Aircraft Wet Leases: Accounting Dissonance with Competitive Strategy and Travelers’ Perspectives," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(11), pages 214-214, July.
    4. Kusano, Masaki, 2020. "Does recognition versus disclosure affect risk relevance? Evidence from finance leases in Japan," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 38(C).
    5. Kusano, Masaki, 2023. "Does recognition versus disclosure of pension liabilities affect credit ratings? Evidence from Japan," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 50(C).
    6. Nafiz Fahad & Tom Scott, 2022. "The Impact of Lessee and Lessor Accounting in Local Councils," Australian Accounting Review, CPA Australia, vol. 32(3), pages 388-395, September.
    7. Ion Ionascu & Mihaela Iona?cu, 2018. "Business Models for Circular Economy and Sustainable Development: the Case of Lease Transactions," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(48), pages 356-356.
    8. Sumiyana Sumiyana & Ainun Na’im & Albertus H. L. Nugroho & Firdaus Kurniawan, 2023. "Multiple measurements of CEOs’ overconfidence and future earnings management: evidence from Asia-Pacific developing countries," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
    9. Ron van Kints, R.E.G.A. & Louis Spoor, L.L., 2019. "Leases on balance, a level playing field?," Advances in accounting, Elsevier, vol. 44(C), pages 3-9.
    10. Kusano, Masaki & Sakuma, Yoshihiro, 2019. "Effects of recognition versus disclosure of finance leases on audit fees and costs: Evidence from Japan," Journal of Contemporary Accounting and Economics, Elsevier, vol. 15(1), pages 53-68.
    11. Ons Triki & Fathi Abid, 2025. "Convertible lease risk spread modeling with correlation," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 48(1), pages 747-773, June.
    12. Muddassar Sarfraz & Syed Ghulam Meran Shah & Larisa Ivascu & Muhammad Asim Ali Qureshi, 2022. "Explicating the impact of hierarchical CEO succession on small‐medium enterprises' performance and cash holdings," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 2600-2614, April.
    13. Czerny, Achim I. & Cowan, Simon & Zhang, Anming, 2017. "How to mix per-flight and per-passenger based airport charges: The oligopoly case," Transportation Research Part B: Methodological, Elsevier, vol. 104(C), pages 483-500.
    14. Niccolò Comerio & Fausto Pacicco & Massimiliano Serati, 2024. "“Fly down”: the impact of new accounting standards on the airline industry risk assessment," Empirical Economics, Springer, vol. 67(5), pages 2109-2133, November.
    15. Chen, Baohua & Zhang, Chunlian & Saydaliev, Hayot Berk, 2022. "Does bank complexity during the COVID-19 crisis alter the financing mechanism for small and medium-sized enterprises?," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 705-715.
    16. Talwar, Chetan & Joormann, Imke & Ginster, Raphael & Spengler, Thomas Stefan, 2023. "How much can electric aircraft contribute to reaching the Flightpath 2050 CO2 emissions goal? A system dynamics approach for european short haul flights," Journal of Air Transport Management, Elsevier, vol. 112(C).
    17. Khawaja, Mohsin & Bhatti, M. Ishaq & Ashraf, Dawood, 2019. "Ownership and control in a double decision framework for raising capital," Emerging Markets Review, Elsevier, vol. 41(C).
    18. repec:aud:audfin:v:20:y:2018:i:48:p:356 is not listed on IDEAS
    19. Wang, Brian Yutao & Duan, Mengran & Liu, Guangqiang, 2021. "Does the power gap between a chairman and CEO matter? Evidence from corporate debt financing in China," Pacific-Basin Finance Journal, Elsevier, vol. 65(C).
    20. Ramírez-Orellana, Alicia & Garvey, Anne Marie & Parte, Laura & Gonzalo-Angulo, José Antonio, 2025. "The cost of capital for airlines: The effects of internal governance practices and the application of new leasing standards," Journal of Air Transport Management, Elsevier, vol. 124(C).
    21. Eva Endrizalova & Martin Novak & Vladimir Nemec & Jaroslava Hyrslova & Petr Mrazek, 2018. "Operating Lease As A Specific Form Of Airlines Outsourcing," Business Logistics in Modern Management, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 18, pages 641-655.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2022:v:3:p:91-102. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae The email address of this maintainer does not seem to be valid anymore. Please ask Ecobici Nicolae to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.