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déterminants objectifs de l’endettement en contexte de rationnement du crédit

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  • Romain FOGO PAWO

Abstract

L’objet de cette recherche est d’expliquer les déterminants objectifs de l’endettement des PME. Pour se faire nous avons constitué un échantillon cylindré de 150 PME, observées de 2010 à 2014 issue de la base de données de l’INS du Cameroun et les régressions de MCG sur les modèles définis par la DT et DCT d’une part et l’estimateur within sur le modèle DLT d’autre par ont été appliqués. Les résultats montrent qu’en contexte du rationnement de crédit, l’accroissement de l’autofinancement amenuise le niveau d’endettement des PME. L’augmentation d’actif liquide diminue l’endettement total et CT et favorise l’endettement LT. Il existe, une relation de complémentarité entre les crédits fournisseurs, l’endettement CT et total et de substitution avec l’endettement LT.

Suggested Citation

  • Romain FOGO PAWO, 2020. "déterminants objectifs de l’endettement en contexte de rationnement du crédit," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 11(2), pages 280-292, December.
    • Handle: RePEc:jaf:journl:v:11:y:2020:i:2:n:312
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    More about this item

    Keywords

    PME; endettement; rationnement; crédit; SMEs; indebtedness; rationing; credit;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • N8 - Economic History - - Micro-Business History
    • G3 - Financial Economics - - Corporate Finance and Governance

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