The steric and electronic effects exerted by the substituents R/R 0 on the heterolytic H 2 -splitting by phosphine-boranes R 3 B/PR 0 3 [R ¼ C 6 F 5 (1), Ph (2); R 0 ¼ C 6 H 2 Me 3 (a), tBu (b), Ph (c), C 6 F 5 (d), Me (e), H (f)] have been studied by performing quantum mechanical density functional theory and RI-MP2 calculations. Energy decomposition analyses based on the block-localized wavefunction method show that the nature of the interaction between R 3 B and PR 0 3 is strongly dependent on the BAP distance. With short BAP distances ($2.1 Å ), the strength of Lewis pairs results from the balance among various energy terms, and both strong and weak dative bonds can be found in this group. However, at long BAP distances (>4.0 Å ), the correlation and dispersion energy (DE corr ) dominates. In other words, the van der Waals (vdW) interaction rules these weakly bound complexes. No ion-pair structures of 1f and 2c-2f can be located as they instantly converge to vdW complexes R 3 BÁÁÁH 2 ÁÁÁPR 0 3 . We thus propose a model, which predicts that when the sum (E hp ) of the hydride affinity (HA) of BR 3 and the proton affinity (PA) of PR 0 3 is higher than 340.0 kcal/mol, the ion-pair [R 3 BH À ][HPR 0þ 3 ] can be observed, whereas with E hp below this value, the ion pair would instantly undergo the combination of proton and hydride with the release of H 2 . The overall reaction energies (1a-1e and 2a-2b) can be best described by a fitting equation with HA(BR 3 ), PA(PR 0 3 ), and the binding energy DE b (BR 3 /PR 0 3 ) as predictor variables:(BR 3 /PR 0 3 ) þ 245.3 kcal/mol. The fitting equation provides quantitative insights into the steric and electronic effects on the thermodynamic aspects of the heterolytic H 2 -splitting reactions. The electronic effects are reflected by HA(BR 3 ) and PA(PR 0 3 ), and DE b can be significantly influenced by the steric overcrowding.a Structural parameters are based on the optimal geometries at the B3LYP/6-31G(d,p) level; the basis sets used for calculations are cc-pVDZ. b Calculated at the RI-MP2/cc-pVDZ level. a 1HHa refers to the ion-pair complex obtained from Lewis pair 1a and so on. b DE zpe;cp b refers to binding energy after ZPE and 50% BSSE corrections.