Risk management of leasing companies

Еlena Kouzmina,Vladimir Okrepilov,O Kalinina

doi:10.1051/e3sconf/201911002034

Еlena Kouzmina, Vladimir Okrepilov + Show 1 more

Open Access

https://doi.org/10.1051/e3sconf/201911002034

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Abstract

The need to improve the investment climate and form a new efficient system of economic relations requires the use of new economic mechanisms, among which leasing is one of the most effective for the development of the real economy. The paper deals with the risk management problems of leasing companies and leasing projects. It discusses the activities of specialized leasing companies and methods of risk management of leasing transactions based on basic risk management processes in project management, analyzes various types of risks associated with lessors, discusses methodological approaches to managing risks of leasing companies in general, and economic and mathematical methods for assessing risks of default for lessees. An econometric model has been created that allows predicting confidence in the payment of lease payments or the default of the lessee. The obtained model excludes the subjective methods for assessing the potential client's solvency and is less labor-intensive in comparison with the scoring model and the method of expert assessment.

Highlights

International experience proves the extremely high efficiency of such a financial and credit instrument as leasing, the use of which can accelerate the economic development of a country
One of the most urgent tasks is the problem of managing the risks of specialized leasing companies, whose main activity is related to leasing transactions, and in whose activities, there is a high degree of uncertainty
We can talk about risk management of leasing projects

Summary

Introduction

International experience proves the extremely high efficiency of such a financial and credit instrument as leasing, the use of which can accelerate the economic development of a country. The potential of this mechanism for attracting capital is still not widely used in Russia, while the expansion of the leasing services market can play a significant role in increasing the efficiency of the economy and accelerating the renewal of industrial equipment and vehicles of the country's enterprises [1]. In this regard, one of the most urgent tasks is the problem of managing the risks of specialized leasing companies, whose main activity is related to leasing transactions, and in whose activities, there is a high degree of uncertainty. We can talk about risk management of leasing projects

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Results

Conclusion