The purpose of this paper is to introduce leasing as a financing alternative for IT equipment during the Corona pandemic and to provide an answer to the following research question: Did leasing gain relevance as a financing alternative during the Corona pandemic, and was it the appropriate type of financing for the companies?
The Corona pandemic, which broke out in 2020, has endangered not only the health of many people but also the economic stability in Germany; many companies have become economically unstable as a result of the pandemic, as shown by the 4,8% drop in gross domestic product (GDP) in Germany. As a result, the federal government called for an economic shutdown to protect the population from the increasing number of Corona infections.
The result was a massive drop in sales in many sectors like aviation and tourism. In addition, the German government's Corona Occupational Health and Safety Ordinance stipulates that employers are obliged to offer home offices, provided there are no operational reasons to the contrary. Therefore, the necessary IT equipment for the employees was usually unavailable and had to be procured. This is in direct contrast to the lack of liquidity of the companies due to the multiple slumps in sales. This resulted in resorting to alternative financing options, such as leasing.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Fundamentals of Leasing
- Basics and Terms
- Subsectors of Leasing
- Leasing object
- Leasing Contract
- Contractual Partner
- Leasing effects
- Effects of leasing on liquidity
- Balance sheet effects
- Tax effects
- Alternative financing options and comparison to leasing
- Financing basics
- Internal Financing
- External Financing
- Leasing compared to other financing options
- Impact on the German economy
- Changed economic situation during the Corona pandemic
- Coronavirus an introduction
- Measures taken by companies
- Impact on the leasing industry
- Empirical approach
- Data Evaluation
- Results of the survey
- Conclusion and Outlook
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This bachelor thesis aims to analyze the potential of leasing as an alternative financing option for IT equipment during the Corona pandemic. The study explores the effects of leasing on liquidity, balance sheets, and tax obligations, comparing it to other financing options. The research focuses on the impact of the pandemic on the German economy and the leasing industry, analyzing the measures taken by companies and the resulting implications for businesses.
- Leasing as an alternative financing option for IT equipment
- Effects of leasing on liquidity, balance sheets, and tax obligations
- Comparison of leasing with other financing options
- Impact of the Corona pandemic on the German economy and the leasing industry
- Measures taken by companies in response to the pandemic
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the topic of leasing as an alternative financing option for IT equipment during the Corona pandemic, outlining the research objectives and the structure of the thesis.
- Fundamentals of Leasing: This chapter provides a comprehensive overview of leasing, covering its basics and terms, subsectors, effects on liquidity, balance sheets, and tax obligations. It also compares leasing to other financing options, presenting a detailed analysis of alternative financing models.
- Impact on the German economy: This chapter examines the economic impact of the Corona pandemic on the German economy, analyzing the changes in the economic landscape and the measures taken by businesses to navigate the crisis. It also explores the impact of the pandemic on the leasing industry.
- Empirical approach: This chapter presents the empirical data evaluation and results of the survey conducted for this thesis. The findings of the survey provide valuable insights into the practical implications of leasing during the pandemic.
Schlüsselwörter (Keywords)
The key terms and concepts explored in this thesis include leasing, IT equipment, alternative financing options, liquidity, balance sheet effects, tax effects, Corona pandemic, economic impact, German economy, leasing industry, and business measures.
- Quote paper
- Deniz Ay (Author), 2021, Financing during the Covid-19-Pandemic. Is Leasing an Alternative Option for IT Equipment?, Munich, GRIN Verlag, https://www.grin.com/document/1154540
