Prethodno priopćenje
ENTREPRENEUR`S PERSPECTIVE OF THE FINANCIAL AND OPERATING LEASE
Aljoša Šestanović
; Visoka škola za ekonomiju, poduzetništvo i upravljanje, „Nikola Šubić Zrinski“, Zagreb, Hrvatska
Sažetak
Choosing financing source for the long-term assets or investments is one of the important decisions made by entrepreneurs. One of the available options is financing fixed assets through leasing. In doing so, entrepreneurs (especially those listed on stock exchanges) have to consider not only explicit costs but also implicit costs embedded in two types of leasing (operational and financial), which have profound impact on financial statements and financial indicators. Different types of leasing can significantly affect the financial picture of the businesses. This is important for financing providers, financial analysts, investors, customers, suppliers, etc. Additionally, by having an effect on financial indicators quality, leasing type can significantly affect movement of the equity price or price of issued debt securities, i.e. on enterprise value and costs of debt financing. All of the above are reasons to argue that the choosing the type of leasing is not one dimensional decision observable just through explicit costs. It is necessary to take into account the other factors as well, especially analytical factors and impact on financial indicators quality. In this paper, we will discuss the above points in more details.
Ključne riječi
entrepreneurship; leasing; financial indicators
Hrčak ID:
149539
URI
Datum izdavanja:
15.12.2015.
Posjeta: 10.330 *