Unformatted text preview: ry
was originally developed to explain foreign production, its application to
service industries is considered equally appropriate [Boddewyn, Halbrich,
andPerry19861. The model has been applied in the past to explain the
internationalization of the hotel industry punning and McQueen 19811,the
banking industry [Cho 1985; Gray and Gray 1981; Sabi 1988; Yannopoulos
19831, and the advertising industry [Terpstra and Yu 19881.
Leasing i a generic term used for types of secured equipmentfinancing.
Any type of equipment can be financed through leasing; someof the typical
products that are leased include ircrafts, agricultural equipment, automobiles,
computers, containem, health care equipment, and ships. While leasing has
been traditionally popular in the U.S., U.K., Germany, and Japan, recent
years have seen leasing take on much more importancen countries such as
Brazil, Venezuela, South Korea, Hong Kong, and the Philippines.
tration of leasing (in capital formation) inorth America increased fiom an
estimated 14.7% in 1978 to 2 55% i...
View Full Document
- Summer '14
- joint venture, sole venture