Scientific Bulletin – Economic Sciences, Vol. 9 (15)
- Finance -
65
ECONOMIC ASPECTS OF FINANCIAL LEASING IN BUSINESS
INVESTMENTS
Senior lecturer Ph.D Adrian ŞIMON
Universitatea „Petru Maior” Tîrgu-Mureş
adr_simon@yahoo.com
Abstract: Leasing, as a financial instrument, was able to affirm itself in many
developed countries as one of the most effective and accessible mechanisms for
financing the expansion and development of the means of production, asset finance
necessary for the development and for the application of new technologies in
business. Leasing is a modern way of financing through which the customer enjoys a
good, the payment being spread over the period of the lease, and the installments
paid being deductible according to the type of leasing contract. Compared with
other forms of financing, leasing has the advantage of eliminating red tape required
for the granting of credits and the financial guarantees only with the asset that is the
subject of the lease.
Keywords: 4.
Jel Classification: O16, G23, G32
1. CONCEPT, ECONOMIC CONTENT AND CHARACTERISTICS OF
LEASING OPERATIONS
Changes occurring in the global economy, the requirements of scientific and technical
progress on the replacement of fixed assets and the need for more efficient use of financial
resources imply the use of new methods of renewing the technical-material base. Out of these
considerations leasing, in recent decades, has become a non-traditional and effective
investment tool.
Operations similar to "leasing" were known in ancient Babylon 2000 years BC.
Including leasing practice in economic relations took place in the year 1877, when
telephone company "Bell" decided not to sell the telephone appliances made by them, but to
lease them. Leasing appeared first in the United States, gradual penetrating in other countries,
particularly in Europe.
There are several different definitions accepted of the term “leasing”. From the point of
view of financial specialists leasing is an original financing techniqu