Abstract
AbstractPrevious empirical research has failed to detect tax effects in the leasing decisions of U. S. corporations. This paper extends previous theoretical research to analyse the effect of the tax as well as nontax incentives to lease by Canadian corporations. The empirical research demonstrates that the higher the marginal tax rate of the firm, the lower its degree of leasing. Further, the results show that the tax reform of 1989 affected lease financing in predicted directions.RésuméLes travaux empiriques antérieurs n'ont toujours pas mis en évidence les effets de la fiscalité des entreprises américaines sur leurs décisions de contracter un crédit‐bail (en location simple). La présente étude sur l'effet des incitations fiscales et non fiscales à l'utilisation du crédit‐bail par les entreprises canadiennes s'inscrit dans le prolongement de travaux théoriques. La recherche empirique démontre que cette utilisation est inversement proportionnelle au taux d'imposition marginal de l'en‐treprise, et que les opérations de crédit‐bail ont évolué comme prévu après la réforme fiscale de 1989.
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