| Summary: | 碩士 === 中國文化大學 === 國際企業管理研究所 === 87 === With multiple alternatives to get working capital, merchant leasing, instead of short-term loan, is a new alternative method for company to get equipment; therefore, many companies implement merchant leasing to raise its new capital. This research on the in-fluence of tax and non-tax issues in determining the alternative of lease or buy. There are 3 issues in the research. 1. The facts that affect the decision will be differentiated from different characters of enterprise. 2. To find out the tax and non-tax events that will affect the decision. 3. T0 find out the relationship between the Debt ratio and level of leasing. The method of Chi-square test, ANOVA analysis, Multiple Regression ana-lysis to analysis the data of 46 samples of enterprises using terms from Taipei City, this study comes to 3 conclusions. 1.The Characters of different enterprises influence the decision of leasing or buying equipment. 2.The leasing status is terminates by circum-stances, such as Debt ration, Current Ration, operation, using life of leasing equipment, natural of leasing equipment, firm size, and differential of industries. The income tax has not much influence on leasing. One of the reasons is that Taiwan’s Enterprise In-come Tax rate is about 25%. 3.The relationship of the level of leasing and the debt ratio are complements rather than substitutes.
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