DEVELOPMENT FEATURES OF LEASING RELATIONS IN CONSTRUCTION
Abstract. Objectives Leasing, which is an alternative to traditional forms of investment for Russia, is currently among the most effective methods of financing construction organisations. Under conditions of shortage of available financial resources, leasing allows the modernisation of production to...
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| Format: | Article |
| Language: | Russian |
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Dagestan State Technical University
2018-03-01
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| Series: | Вестник Дагестанского государственного технического университета: Технические науки |
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| Online Access: | https://vestnik.dgtu.ru/jour/article/view/470 |
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| author | Patimat A. Abdulkhalikova Elena I. Pavlyuchenko |
| author_facet | Patimat A. Abdulkhalikova Elena I. Pavlyuchenko |
| author_sort | Patimat A. Abdulkhalikova |
| collection | DOAJ |
| description | Abstract. Objectives Leasing, which is an alternative to traditional forms of investment for Russia, is currently among the most effective methods of financing construction organisations. Under conditions of shortage of available financial resources, leasing allows the modernisation of production to be carried out, modern equipment to be used or new production facilities to be opened in the shortest possible time. The purpose of the study is to comprehensively substantiate the specifics of leasing operations in construction and demonstrate its advantages as a tool for financing construction organisations. Methods The theoretical basis of the study was the fundamental provisions of economic, financial and management theory. During the process of research, logical, statistical and comparative analysis methods were used alongside expert evaluation and factor analysis approaches. Results For a leasing company whose purpose is to identify potential risk areas associated with the possibility of exceeding planned costs, it is recommended that a feasibility analysis be carried out prior to forming a loan portfolio. It is established that the transactions of a leasing company with a construction organisation can be presented as a separate investment project with a complex financial structure and a combination of interrelated long-term contracts. It is shown that the standardisation of principles of corporate governance and risk management is capable not only of reducing the susceptibility of a construction organisation to risk, but also of increasing the degree of trust on the part of customers and counterparties. Conclusion The expediency of using leasing in construction is due to the insufficient volume of private funds for the acquisition of equipment, which becomes particularly relevant against the background of rapidly aging facilities of construction organisations. Under conditions of largescale technical re-equipment, in which advanced construction equipment and technologies are being introduced, leasing-based financing approaches can be considered as one of the most effective ways to solve existing problems. |
| format | Article |
| id | doaj-art-c83f380190c84e2f944246ea46e1ffe9 |
| institution | DOAJ |
| issn | 2073-6185 2542-095X |
| language | Russian |
| publishDate | 2018-03-01 |
| publisher | Dagestan State Technical University |
| record_format | Article |
| series | Вестник Дагестанского государственного технического университета: Технические науки |
| spelling | doaj-art-c83f380190c84e2f944246ea46e1ffe92025-08-20T03:01:15ZrusDagestan State Technical UniversityВестник Дагестанского государственного технического университета: Технические науки2073-61852542-095X2018-03-0144419420610.21822/2073-6185-2017-44-4-194-206400DEVELOPMENT FEATURES OF LEASING RELATIONS IN CONSTRUCTIONPatimat A. Abdulkhalikova0Elena I. Pavlyuchenko1Daghestan State Technical University.Daghestan State Technical University.Abstract. Objectives Leasing, which is an alternative to traditional forms of investment for Russia, is currently among the most effective methods of financing construction organisations. Under conditions of shortage of available financial resources, leasing allows the modernisation of production to be carried out, modern equipment to be used or new production facilities to be opened in the shortest possible time. The purpose of the study is to comprehensively substantiate the specifics of leasing operations in construction and demonstrate its advantages as a tool for financing construction organisations. Methods The theoretical basis of the study was the fundamental provisions of economic, financial and management theory. During the process of research, logical, statistical and comparative analysis methods were used alongside expert evaluation and factor analysis approaches. Results For a leasing company whose purpose is to identify potential risk areas associated with the possibility of exceeding planned costs, it is recommended that a feasibility analysis be carried out prior to forming a loan portfolio. It is established that the transactions of a leasing company with a construction organisation can be presented as a separate investment project with a complex financial structure and a combination of interrelated long-term contracts. It is shown that the standardisation of principles of corporate governance and risk management is capable not only of reducing the susceptibility of a construction organisation to risk, but also of increasing the degree of trust on the part of customers and counterparties. Conclusion The expediency of using leasing in construction is due to the insufficient volume of private funds for the acquisition of equipment, which becomes particularly relevant against the background of rapidly aging facilities of construction organisations. Under conditions of largescale technical re-equipment, in which advanced construction equipment and technologies are being introduced, leasing-based financing approaches can be considered as one of the most effective ways to solve existing problems.https://vestnik.dgtu.ru/jour/article/view/470leasinglessorlesseetransactionsoperationsconstructionfinancing instrument |
| spellingShingle | Patimat A. Abdulkhalikova Elena I. Pavlyuchenko DEVELOPMENT FEATURES OF LEASING RELATIONS IN CONSTRUCTION Вестник Дагестанского государственного технического университета: Технические науки leasing lessor lessee transactions operations construction financing instrument |
| title | DEVELOPMENT FEATURES OF LEASING RELATIONS IN CONSTRUCTION |
| title_full | DEVELOPMENT FEATURES OF LEASING RELATIONS IN CONSTRUCTION |
| title_fullStr | DEVELOPMENT FEATURES OF LEASING RELATIONS IN CONSTRUCTION |
| title_full_unstemmed | DEVELOPMENT FEATURES OF LEASING RELATIONS IN CONSTRUCTION |
| title_short | DEVELOPMENT FEATURES OF LEASING RELATIONS IN CONSTRUCTION |
| title_sort | development features of leasing relations in construction |
| topic | leasing lessor lessee transactions operations construction financing instrument |
| url | https://vestnik.dgtu.ru/jour/article/view/470 |
| work_keys_str_mv | AT patimataabdulkhalikova developmentfeaturesofleasingrelationsinconstruction AT elenaipavlyuchenko developmentfeaturesofleasingrelationsinconstruction |