Η χρηματοδοτική μίσθωση ως εργαλείο χρηματοδότησης κατά την διάρκεια της χρηματοοικονομικής κρίσης
The leasing as a tool of funding during financial crisis
KeywordsΧρηματοδοτική ή Κεφαλαιουχική μίσθωση ; Λειτουργική μίσθωση ; Τραπεζικός δανεισμός ; Χρηματοδοτική μίσθωση ; Λειτουργική μίσθωση ; Τραπεζικός δανεισμός ; Financial lease or Capital lease ; Operating lease ; Bank lending
In recent years, the modernization, the decontrol and the improvement of bank system led to the creation of new and more specialized institutions aiming to the filling of financing business. The most widespread funding method is leasing. This project is based firstly on the analysis of leasing as a way of financing companies and secondly on the downward trend of this method during the financial crisis in Greece. In a theoretical approach, an attempt is made to analyze the concept of leasing and its progress through the years. Additionally, a reference has been made to the main forms of leasing and their basic characteristics. Then, the general context (legal, accounting and tax) through which leases take place in Greece is sketched out. What is more, six companies are described along with the process and the supporting documents that are necessary for a conclusion contract. The analysis ends with the comparison of leasing not only with assets acquisition but also with bank lending. Based on these two comparisons, the basic advantages and disadvantages of leasing as a way of funding are concluded. On a practical level, the project focuses on a case study company during 2008-2015 mainly for two reasons; firstly, to make the effect of leasing o n companies’ economic crisis clear, in comparison with lending and secondly, to reach a conclusion concerning the effect of crisis on the companies that are funded by the financial source in question.