The Transformation of the System of Leasing Relations in the Real Economy Sector

  • Authors

    • Lubov Konstantinovna Ulibina
    • Olga Alekseevna Okorokova
    • Vladimir Sergeevich Lukashov
    • Mikhail Gennadevich Rusetskiy
    • Liliya Vasilievna Blizno
    2018-07-25
    https://doi.org/10.14419/ijet.v7i3.14.17039
  • instrument, leasing, agroleasing, reproductive process, investments, agricultural producers, leasing portfolio, leasing fund.
  • Abstract

    The article presents the analysis of the leasing mechanism as one of the main ways to improve technical and technological processes of various sectors of economy of the country. In the conditions of economic crisis and stagnation in economy the leasing instrument can positively affect the investment demand and the economy of a separate region and of the country in general. The increasing demand for leasing and its wide distribution in all branches will contribute to increasing their technical equipment, improving technological processes which could enable to overcome disproportion in the development of different of branches of economy of the country. The perspectives of the development of the leasing market in the Russian Federation will depend on the formation of consumer demand and on the value of such services; such consumer demand will timely meet all macroeconomic needs. The main factors of preserving demand for leasing in the conditions of economic and political instability must include the development of leasing relations and the state support of the leasing instrument by means of its subsidising, the high level of depreciation of fixed assets and the necessity to modernise them.

     

     

  • References

    1. [1] Meidan, Strategic problems in international leasing, Management International Review 24(4) (1990) 36-47.

      [2] G. Sharma, An assignment on features and working of leasing industry of Germany, National Law University, Joghpur, 2012.

      [3] L.K. Ulybina, Leasing as an alternative instrument of investment into the country’s economy, Economics and entrepreneurship 12-2(65-2) (2015) 117-121.

      [4] O.A. Okorokova, Problems and perspectives of the leasing development in Russia, A collection of articles: Scientific-methodological and social aspects of psychology and pedagogy, 2016.

      [5] V.S. Lukashov, The leasing mechanism as an instrument to invest into the real sector of economy, Economic Sciences 1(146) (2017) 77-82.

      [6] V.V. Kovalev, Leasing. Financial, accounting-analytical and legal aspects, Prospekt, Moscow, 2017.

      [7]

      V.D. Gazman, World Leasing Yearbook – 2017. Issue 38, Euromoney, 2017.

      [8] Long-term regional target programme "State support of small and medium-sized enterprises in Krasnodar Krai for 2013-2017". Portal of small and medium-sized enterprises of Krasnodar Krai. http://krasnodar.pmp.gkr.su/registry/program/srf/03,723065/. Accessed June 28, 2018.

      [9] V.D. Gazman, Financial leasing, National Research University Higher School of Economics, Moscow, 2003.

      [10] J. Mills, Leasing in Europe and the review of international lease accounting, Science and Practice 6(2) (2008) 39-62.

      [11] S. Gatti, Project finance in theory and practice: designing, structuring, and financing private and public projects, Academic Press, Burlington, 2012.

      [12] V.D. Gazman, The influence of alternative leasing models on financial investment, Issues of Economics 7 (2013) 82-97

      [13] N.A. Adamov, Leasing – an effective financial tool, Russian Economic Journal 3 (2012) 28-33.

      [14] D. Vakhitov, A. Zamaletdinov, Leasing as a factor of economic growth. Procedia Economics and Finance 23 (2015) 839-845.

      [15] Tsang, C. Leung, Asset Finance & Leasing in China and Hong Kong, PwC, 2014.

      [16] J. Van Horne, J. Wachowicz, Fundamentals of Financial Management, Pearson Education, 13 (2009) 760.

      [17] V.S. Lukashov, L.K. Ulybina, Leasing as an investment tool of modernising Russian economy at the modern stage, Austrian Journal of humanities and social sciences 3-4 (2017) 117-124. DOI: http://dx.doi.org/10.20534/AJH‑17-3.4-116-122.

      [18] Yan, Leasing and debt financing: substitutes or complements?, Journal of Financial and Quantitative Analysis 41 (2006) 709-731.

      [19] A.L. Eisfeldt, A.A. Rampini, Leasing, ability to repossess, and debt capacity, Review of Financial Studies 22 (2009) 1621-1657.

      [20] Belarusian leasing: 2016 review. Official website of leasing in the Republic of Belarus. https://leasing-belarus.by/wp-content/uploads/2015/10/belorusskij-rynok-lizinga.-obzor-2016-g.pdf. Accessed June 28, 2018.

      [21] The volume and dynamics of the leasing market. Official portal of RA Expert Kazakhstan. http://raexpert.kz/researches/leasing_2015/part0/. Accessed June 28, 2018.

      [22] V.D. Gazman, Leverage leasing: financing the major investment projects, Economic Journal of Higher School of Economics 17(1) (2013) 130-151.

      [23] M.M. Cornett, J.J. McNutt, P.E. Strahan, H. Tehranian, Liquidity risk management and credit supply in the financial crisis, Journal of Financial Economics 101 (2011) 297-312.

      [24] T. Beck, A. Demirguc-Kunt, Small and medium-size enterprises: Access to finance as a growth constraint, Journal of Banking and Finance 30 (2006) 2931-2943.

  • Downloads

  • How to Cite

    Konstantinovna Ulibina, L., Alekseevna Okorokova, O., Sergeevich Lukashov, V., Gennadevich Rusetskiy, M., & Vasilievna Blizno, L. (2018). The Transformation of the System of Leasing Relations in the Real Economy Sector. International Journal of Engineering & Technology, 7(3.14), 439-444. https://doi.org/10.14419/ijet.v7i3.14.17039

    Received date: 2018-08-07

    Accepted date: 2018-08-07

    Published date: 2018-07-25