22. The Lease Versus Buy Decision

  1. H. Kent Baker and
  2. Gerald S. Martin
  1. Sris Chatterjee1 and
  2. An Yan2

Published Online: 20 DEC 2011

DOI: 10.1002/9781118266250.ch22

Capital Structure and Corporate Financing Decisions: Theory, Evidence, and Practice

Capital Structure and Corporate Financing Decisions: Theory, Evidence, and Practice

How to Cite

Baker, H. K. and Martin, G. S. (2011) The Lease Versus Buy Decision, in Capital Structure and Corporate Financing Decisions: Theory, Evidence, and Practice, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118266250.ch22

Author Information

  1. 1

    Professor of Finance, Fordham University

  2. 2

    Associate Professor of Finance, Fordham University

Publication History

  1. Published Online: 20 DEC 2011
  2. Published Print: 18 APR 2011

ISBN Information

Print ISBN: 9780470569528

Online ISBN: 9781118266250

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Keywords:

  • capital cost;
  • analytical model;
  • debt service parity;
  • cash flow;
  • tax credit

Summary

This chapter contains sections titled:

  • Introduction

  • Tax-Based Models of Leasing

  • Nontax Models of Leasing

  • Empirical Studies on Leases

  • Summary and Conclusions

  • Discussion Questions

  • About the Authors