Efficiency of subjects of the leasing system: essence and method of assessment

The main criterion for managing the leasing process is its efficiency. Consequently, the most important task of the subjects of the leasing system is the correct assessment of the effectiveness and feasibility of investing funds. The correctness of the actual reflection in the cash flow models of all the fiscal and other legislative specifics of regulated leasing activities in the Russian Federation has a significant impact on the adequacy of the assessment results. However, the methods presented in the specialized and scientific literature take into account only the interests of one subject of the leasing system: the lessee or the leasing company. Thus, a methodological gap has been identified in assessing the overall, cumulative effect of leasing activities for all entities covered by the leasing process. The article presents a methodology for assessing the aggregate efficiency of a leasing scheme for financing investment decisions based on an assessment of the lessee’s effect. leasing company, credit institution, manufacturer (seller) of the leased item, risk insurer and the state. The methods used in this study were the analysis and modeling of cash flows based on their discounting. The method presented in the article meets the requirements of accuracy and adequacy to the current Russian legislation.