Les déterminants du taux débiteur exigé par le crédit-bailleur: une étude empirique sur le marché français

Marie-Christine Filareto-Deghaye

Economie & Prévision, 2004, vol. 162, issue 1, 111-128

Abstract: In leasing, the lessor?s lending policyis based ona combinedanalysis of the lesseecreditriskand the risk associated with the financed equipment. The absence of equipment risk may allow a lender to offer financing to a borrower whose financial situation is less solid, thus providing a solution for firms without access to traditional bank loans. Although the factorsdetermining lessors?decisions to lendhavebeenidentified, their influenceon lendingrateshas notbeen studiedto thesameextent. Our research, based on an empirical study of 70 leasingagreements, assessesthe influenceof equipment risk and lessee credit risk on the lessor?s lending rate.

Keywords: leasing; interest rate; credit rationing (search for similar items in EconPapers)
Date: 2004
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