Products

• A Generation of Bias Against Leasing

  By Gary M. Andrew, PhD, and Dennis J. Gilstad
  
  Business schools typically teach that leasing is a zero-sum game. However, the economic assumptions that lead to this belief often are not true. These incorrect assumptions have caused serious confusion and bias in lease evaluation for more than a generation.

  Free ($10.00 )

• Article of the Year for 2004 Winner Announced

  Winter 2005 issue
  
  The 2004 Article of the Year winner has been chosen "Selling Lease Receivables in a Post-Enron World: True-sale Opinions and Revenue Recognition by William S. Veatch."

  Free ($10.00 )

• Capital Adequacy: Is Your Company Prepared for Basel II Implementation?

  by Stephen McCrory
  Winter 2005 issue
  
  Interpretation of the final draft of the Basel II Accord is a moving target. What will happen to lessors with the new emphasis on minimum capital requirements, supervisory review, and market risk? The timing of Basel II's domestic implementation also is uncertain today.

  Free ($10.00 )

• Commercial Aircraft: Risk Adjusted Returns Versus Competing Investment Classes

  By Vincent A. Kolber
  Fall 2005 issue (Part A)
  
  The equipment leasing arena is increasingly focused on the capital formation question and how to explain itself with greater clarity to capital markets. This research article examines the historical performance of investments in commercial aircraft and provides a foundation to evaluate future opportunies for investment returns.

  Free ($10.00 )

• Company Performance and Leased Assets in Sale-and-Leaseback Transactions

  by Itzhak Ben-David
  Spring 2005 issue
  
  The firms that engage in Sale-and-Leaseback seek liquidity for two main reasons. Firms in financial distress tend to sell and leaseback general assets with high resale value, and plan to use the funds to repay debt. On the other hand, firms in growth stage tend to sell specific assets with low resale value, and plan to use the funds for further investments. The economics the dichotomy in sale-and-leaseback transactions is discussed in the paper.

  Free ($10.00 )

• Corporate Resolutions in Leasing Transactions

  By Thomas E. McCurnin
  Fall 2005 Issue (Part A)
  
  Sometimes it seems that in small- and middle-ticket leases, corporate resolutions are an afterthought in the documentation process. It is imperative for the lessor to secure the necessary documents that evidence corporate authority. Without that evidence, the lessor will not be sealing the deal, but sealing its fate.

  Free ($10.00 )

• Credit Risk: Contract Characteristics for Success

  by James P. Murtagh, Ph.D.
  Winter 2005 issue
  
  Leasing companies need reliable information to assess the default risk on lease contracts. This article examines successful and failed equipment leases for 12 recent quarters. The findings indicate that contract characteristics, industry factors, and economic factors each influence lease default rates.

  Free ($10.00 )

• Drivers of Success in the U.S. Equipment Lease and Financing Industry

  by Sarah J. Marsh, Ph.D.
  Winter 2005 issue
  
  Corporate culture resources and the relationship with the leasing parent are significant and positive predictors of performance. This study shows that those firms whose leaders intellectually stimulate their employees or help them see problems in new ways have significantly better performance than other firms.

  Free ($10.00 )

• Sharpening Focus: Market Segmentation in Equipment Finance

  By Joseph N. Lane
  Spring 2005 issue
  
  Deliberate, planned market segmentation can become a valuable tool to assist equipment finance companies in making decisions about company direction. This article classifies these market segments and then shows how market segmentation can focus business strategy.

  Free ($10.00 )

• Summary of 2005 IFC Report: Emerging Opportunities in a Changing World

  Spring 2005 issue
  
  Until changes in tax law and corporate regulation are clarified, lessors will compete on a playing field made uneven by varying interpretations of these rules. In addition, the direction of both the domestic and global economics will influence lessors' marketing and operational strategies.

  Free ($10.00 )