An Operation Study On Financing Lease In Enterprises

This thesis, on the basis of drawing domestic and foreign on financing lease research results and from the lessee perspective, through empirical analysis studies the using financing lease's situation of the 2005 to 2006 China's enterprises.Among the first part of the thesis, I discuss the significance of the topic, the thesis' main content, the main research methodology and theoretical circles at home and abroad to financing lease transactions of the study, analysis of the international financing leases on the relevance of mainstream views and the practical aspects of domestic and foreign enterprises' leasing status quo. Subsequently, according to these mainstream views and the actual situations of Chinese enterprises using financing lease, this thesis sets forth five factors assumptions, and under these assumptions I carry out the empirical analysis. Empirical analysis is based on independent samples T-test and Logistic regression analysis. Based on the Shanghai stock market from 2005 to 2006 issuing A shares of listed company information which including manufacturing enterprises, information-technology enterprises,electricity-ga s-water production and supply enterprises, transportation and warehousing enterprises. I found that using financing lease's enterprises than no using ones are significance disadvantage on the aspect of liabilities structure, growth rates and tax rate. The earlier empirical studies on the financing lease in industrialized countries line with the conclusion. In addition, this study failed to find out that profitability, internal controls have a notable relationship with enterprise using financial lease. Some empirical study abroad compared, the result reflected that there exist a gap between Chinese enterprises and foreign ones (foreign studies confirmed profitability, internal control indicators were also statistically significant). Through the using financing lease taking the initiative to regulate financing capacity of enterprises in China is very rare. Finally, the thesis combining empirical analysis of the results sets forth some recommendations for China's enterprises using financing lease.