Leasing Instruments of Business Economics

Abstract

A mechanism for leasing business management needs to be established, as evidenced by the volume and growth rate of gross domestic product, withdrawal of money from the economy, and a slump in investments. Another crucial problem is outdated equipment, which requires total renewal. Leasing has traditionally been a form of financing for economic entities; therefore, it plays a significant role in the solution of these problems. International practices of using leasing mechanisms in economics include methods, mechanisms, and instruments adopted by many countries. Aim. This study conducts a theoretical analysis of the problems associated with the use of leasing as an efficient instrument for conducting business in Russia. Results. This study analyzes boundaries for the development of the leasing sector in the country’s economy. The results of the analysis indicates the following problems: an underdeveloped financial credit system; high loan interest rates and the ensuing complications in obtaining credits; and low awareness among entrepreneurs regarding the benefits of leasing. Ensuring constructive cooperation between the government and leasing participants by improving the infrastructure of the leasing market is required to solve the aforementioned problems.