||Reviewing Sale and Leaseback Transactions
||This study presents a simple formula for the gains from sale and leaseback transactions, based on the traditional theory of a firm. A typical firm, which intends to sell ?% of its whole capital to the SPC and retain the benefits of its location through a tenancy, will be taken as an example. It is shown that the unit capital cost for a typical firm would have structural change and the rate of capital depletion would play a key role in the profit calculating process.
|Year of publication:
||sale and leaseback, asset finance, theoretical study
Ashiya, Noriko (2011).
Reviewing Sale and Leaseback Transactions. 18th Annual European Real Estate Society Conference in Eindhoven, the Netherlands,