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| Author: | Pakhtusov, S.V. Bay, D. |
| Title: | Leasing in Russia: A case study |
| Journal: | Journal of international financial management & accounting
2006 : SUMMER, VOL. 17:2, p. 140-159 |
| Index terms: | leasing companies case studies transition economies Russia |
| Language: | eng |
| Abstract: | In this paper, the current state of leasing (hereafter as: l-g.) in Russia is examined by concentrating on the experiences of one l-g. company: Volgopromleasing. Some challenges faced by the firm are fluctuating and sometimes extremely high interest and inflation rates, as well as a legislative environment which may be expected to change. However, compensating opportunities exist: many Russian firms need to update their equipment, the government is strongly interested in promoting rapid economic growth, and the legislation currently favours l-g. over other methods. Although l-g. has the potential to assist Russian firms in modernizing and growing, this can only occur in conjunction with other economic initiatives also providing for growth and stabilization. |
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