Financial leasing as financial and credit support for investment activities of enterprises
Journal Title: Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu - Year 2018, Vol 4, Issue
Abstract
The purpose of the article is to provide scientific rationale of the place and role of financial leasing in financial and credit support for investment activities of enterprises. The subject matter of the research includes various aspects of the current state of financial leasing and ways of its advancement in Ukraine. The article provides an analysis of investment activities based on the volume of investments in Ukraine and determines the role of financial leasing as a funding for investment resources of enterprises. The paper also examines the legal and regulatory framework for financial leasing operations and highlights different interpretations of this form of financing as well as its formal indicators. An analysis of statistical data on the financial and credit market provides important insights into trends of financial leasing contracts and the volume of loans issued to corporate borrowers, and thus makes it possible to conclude that there is a lack of leasing operations in business activities of entities. The point is mainly supported by the fact that financial leasing contracts which have been made lately are not widespread enough after the crisis in 2014. The dynamics of changes in thevolume of leasing contracts by dates of signing is considered, and it is found that there is a tendency to shortening the duration of financial leasing services. An industry factor of providing financial leasing services is taken into consideration and the main industries where these services are widespread are described. The existing approaches to evaluating the effectiveness of leasing contracts are systematized. The key challenges that hinder the growth of leasing in Ukraine are identified. The research methods used in the article include: analysis, synthesis and abstraction (for forming the rationale and developing the terminological and conceptual framework of the study); comparison, systematization and logical generalization (for examining the concept of financial leasing, its legal regulation and specific features of using in Ukraine); statistical, structural and comparative analysis (for exploring ways of advancement of financial leasing in Ukraine).
Authors and Affiliations
Tetiana Vasylieva, Oleksii Zakharkin, Liudmyla Zakharkina
Keywords
Related Articles
- EP ID EP515854
- DOI -
- Views 73
- Downloads 0
The current state of accounting of financial expenses
The article examines legal acts which regulate the process of collecting information on financial expenses in accounting and financial reporting. It is pointed out that loans bearing interest include: bank loans, issued bi...
The impact of innovation activity of regions on their economic dynamics
There had been analyzed the condition of innovation activity in Ukraine. The impact of innovation factors on growth of the regional economies of Ukraine has been elucidated in the article. Using the econometric models th...
Conceptual framework for the budgeting mechanism of the state’s social and economic development
The article considers some approaches of domestic and foreign scholars to the interpretation of the concept of state’s budgeting mechanism. It involves the following: a set of types, forms, methods and means through whic...
Concern areas of pricing at domestic enterprises
The subject of study is theoretical and methodological principles of pricing at domestic enterprises. In the course of investigations general scientific and special methods of scientific knowledge were used, including ge...
Current transformation trends in the economy in response to transnationalization
The article considers current trends of transnationalization in the light of globalization of the world economy. The sources and channels of foreign direct investments are analyzed. It is pointed out, that the degree of...