Open Source in libraries

Author presents his opinions about open source software, explains possible mistakes and obstacles as well as good sides of such a software. Examples are given, for all kinds of communities and services, including libraries and librarianship

The Effect of Firm Characteristics on the Use of Percentage Retail Leases

Choice of lease payments has been widely studied in the literature. There are three—not necessarily exclusive—explanations that have received attention. The first attributes the choice of fixed versus percentage lease payments to risk-sharing preferences. The second explanation views percentage-of-sales lease agreements as a way discriminating monopolists can appropriate economic rents. The third attributes percentage-of-sales lease agreements to a metering and bonding argument. This paper examines the proposition that the choice of percentage retail leases is driven in part by managements\u27 desire to circumvent the cost of violating debt covenant restrictions. The evidence presented here supports the prediction that retail firms with higher debt–asset ratios are more likely to adopt percentage lease agreements

ACCOUNTING ASPECTS OF THE ACQUISITION OF TANGIBLE ASSETS THROUGH LEASING

The present paper approaches problems on lease operations. A lease isan agreement whereby the lessor conveys to the lessee in return for a payment orseries of payments the right to use an asset for an agreed period of time. A financelease is a lease that transfers substantially all the risks and rewards incident toownership of an asset. Title may or may not eventually be transferred. A leaseclassified as an operating lease if it does not transfer substantially all risks andrewards to ownership. Since the transaction between a lessor and a lessee is based ona lease agreement commom to both parties, it is appropriate to use consistentdefinitions. The application of these definitions to the differing circumstances of thetwo parties may sometimes result in the same lease being classified differently bylessor and lessee.Leasing, lessor, finance lease