Leasing nas decisões de investimento e financiamento

Abstract

The Mercantile Leasing, a type of financial operation largely used by corporations, leaves the impression that this type of financial model is nothing more than a financing where the lessee makes simply use of a third party capital to buy an asset for the company, without giving relative importance to the fact that this is not only a financing operation, in the vision of the company that uses a financial agent to do it, but also a way to improve the company and inovate the technology of its assets. This dissertation wants to show that the decision to finance an asset is not only a financing one, but also that it comes together with an investment decision. Both of decisions will bring to the company support so it can opt to acquire an asset and with this the objective of growth by the company is decided, meaning that the fact of injecting capital from a third party in its structure provides financial motivation and the benefits will appear together with the objectives, reached with the adoption of a new operational concept the new assets will provide the company. In this way, the working capital of the company stays free for adequate use, not bleeding it, and at the same time allowing for the increase of working capital, since the operational leverage will be obtained by the increase in productivity, so generating greater profit and increasing the market value of the company, so benefiting owners and shareholders.