The Incidence of Risk Factors on Establishing the Rental Payment by the Lessors
Georgescu, Maria – Andrada
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In this paper, we shall expose the risks inherent to leasing operations, undertaken by the lessor, and their influence on establishing the debtor installment afferent to these operations. Within the theoretical works regarding the establishing of periodic rental payments, two types of risks were identified: the credit risk and the residual value risk. The influence of risks inherent to leasing operations, for the lessor, will be analyzed by means of two models: Miller and Upton’s model and Grenadier’s model. This analysis will allow us to notice the heterogeneity of lessors’ offers, which justify, on the one hand, through the different profile of the lessee enterprises, and, on the other hand, through the nature of the asset financed.
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