| Summary: | Institutional approach to the research of leasing in modern conditions is considered in the article. Formal and informal institutions of the leasing relations are investigated. Ratios of public and subjective expenses and benefits in institutional system of leasing are shown. Features of interaction of agents of the leasing relations, their interests and tendency to manifestation of opportunistic behavior are investigated. The typology of mechanisms of implementation of institutional changes is considered. The need of structural changes of the institutes of leasing relations is proved. It is offered to introduce “institution of engineering” in the structure of institutions of leasing relations. It will allow providing harmonization of the interests of the agents of leasing relations, decreasing their opportunistic behavior, and reducing the transactional expenses of the participants of leasing. It will promote prevention of their opportunistic behavior and reduction of transaction expenses of the participants of leasing. In our opinion, “the institution of leasing” is a set of formal and informal rules, norms and mechanisms of enforcement of their performance (institutes of property, financial rent (leasing), crediting, insurance and other institutes of leasing relations), which govern the property and economic relations, the arising relations with acquisition of ownership and its subsequent assignment for use for a certain time with payment. These norms and rules are necessary for ensuring stability and definiteness in the relations between the participants of leasing, and also for protection of their rights and economic interests.
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