This text investigates the fundamental financial and strategic criteria that corporations must evaluate when choosing between leasing or purchasing capital assets. James S. Schallheim, a professor of finance, utilizes corporate finance theory and quantitative analysis to provide a framework for decision-making. The book examines the tax implications, cash flow impacts, and risk profiles associated with both acquisition methods to determine which option maximizes shareholder value.

Experts recognize this work as a rigorous technical resource for finance professionals and students of corporate accounting. Readers frequently note the academic density of the prose, which focuses heavily on mathematical modeling and financial theory.