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has been cited by the following article:

• TITLE: System of Guarantees and Access to Leasing: the Case of Entreprises in the Republic of Congo

  AUTHORS: Serge Bruno Ikiemi

  KEYWORDS: Leasing, Bank Credit, Binomial Logit Model

  JOURNAL NAME: Modern Economy, Vol.12 No.3, March 29, 2021

  ABSTRACT: The use of leasing and/or bank lending has always generated a very rich and controversial debate in the economic literature. It is generally accepted that leasing is a complement and not a substitute for bank lending in corporate finance. In this thesis, we will study the impact of leasing and/or bank credit on the activity of Congolese companies. To do so, we use the binomial logit model to identify the factors that explain the use of bank credit and/or leasing. Findings from our results show that companies use bank credit more than leasing.