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rôle des signaux financiers dans la réduction des asymétries d’informations

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  • Zakari Yaou KAKA
  • Amadou HAIDARA

Abstract

Objet : Nombreuses sont les études qui attestent que les PME éprouvent des difficultés à accéder aux concours bancaires. Celles-ci, en effet, seraient caractérisées par une forte opacité informationnelle qui amènerait les banques à être plus réticente dans leur financement. L’objectif de cet article est d’analyser le rôle de signalisation de l’apport de l’entrepreneur, de l’endettement, des dividendes, et des garanties dans la limitation des asymétries d’information des PME maliennes.Méthodologie : Pour atteindre notre objectif, nous avons utilisé des tests de corrélation de khi deux ainsi que la méthode de la régression logistique sur un échantillon de 217 PME maliennes.Résultats : Les résultats de ces tests montrent que les signaux financiers relatifs à l’apport de l’entrepreneur et aux dividendes sont les plus pertinents dans la réduction des asymétries d’informations des PME enquêtées. Ces résultats suggèrent alors une amélioration de la relation de financement Banque-PME en présence de ces signaux financiers.Originalité : Cet article ambitionne de vérifier empiriquement la capacité de certains signaux, largement discutés dans la littérature théorique, à réduire les asymétries d’information existantes entre banque et entreprises sur le marché de crédit. De plus, l’étude de la relation signaux et asymétrie d’information est très rare dans le contexte de la relation de financement Banque-PME au Mali.

Suggested Citation

  • Zakari Yaou KAKA & Amadou HAIDARA, 2023. "rôle des signaux financiers dans la réduction des asymétries d’informations," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 14(1), pages 132-144, June.
    • Handle: RePEc:jaf:journl:v:14:y:2023:i:1:n:470
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    More about this item

    Keywords

    PME; Financement bancaire; Asymétries d’informations; Signaux; Régression logistique; Mali; SMEs; Bank financing; Information asymmetries; Signals; Logistic regression; Mali.;
    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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