We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
ABSTRACTS OF DISSERTATIONS IN ACCOUNTING FOR 1953 AND1954.
- Authors
White, John Arch
- Abstract
Featured here is a set of abstracts of articles in the field of accounting research. The institutional market for funds has become the primary source for corporate external financing, and the necessity of tapping this market has materially influenced the development of new financing techniques. A long-term lease with a highly responsible tenant can be made an attractive institutional investment if made "care-free" to the lessor and if a non-cancelable term is stipulated during which the institutional investor would receive rentals sufficient to return the entire in-vestment plus a rate of return consistent with alternative opportunities. Probably the most significant element in appraising lease financing compared to debt is the preferential tax treatment allowed lessees. These tax advantages are ones of timing rather than of aggregate monetary amount, but the subjective process of discounting the future weighs current events more heavily than future ones. Lease financing may be a lower cost financing method than alternatives. The cost advantages of lease financing are functions of the tax law, and changes in the law may materially influence the desirability of lease financing.
- Subjects
ABSTRACTS; ACCOUNTING; ACADEMIC dissertations; MUTUAL funds; INSTITUTIONAL investments; LEASE &; rental services; TAX laws
- Publication
Accounting Review, 1955, Vol 30, Issue 4, p673
- ISSN
0001-4826
- Publication type
Article