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Actions of Companies and Customers on the Financial Leasing Market in Romania

Author

Listed:
  • Ciorasteanu Gianina

    () (“Constantin Brancoveanu” University of Pitesti Faculty of Management-Marketing in Economic Affairs Braila)

  • Vechiu Camelia

    () (“Constantin Brancoveanu” University of Pitesti Faculty of Management-Marketing in Economic Affairs Braila)

  • Morozan Cristian

    () (“Constantin Brancoveanu” University of Pitesti Faculty of Administrative and Communication Sciences Braila)

Abstract

Leasing is one of the activities witch had sufferd most during the crisis. Leasing business in 2009 fell by 72% copmared with 2008. The volume of assets finance was similar with 2003, witch leads us to conclude that leasing has regressed to 5-6 years. The decrease was observed in all transactions: fewer leasing companies, reducing the number of contracts, reducing the total amount, longer duration for expering contracts. Leasing is one of the most used forms of financing that can appeal both individuals and legal entities. This is because they offer many benefits: tax - because companies can deduct the leasing, management - through careful planning money accessibility and speed compared to a bank loan financing for leasing services company.

Suggested Citation

  • Ciorasteanu Gianina & Vechiu Camelia & Morozan Cristian, 2011. "Actions of Companies and Customers on the Financial Leasing Market in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 368-372, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:368-372
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    More about this item

    Keywords

    leasing; crisis; lesor; lessee;

    JEL classification:

    • G - Financial Economics

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