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Analysis of the effect of the financing structure on the creation of value in Cameroonian SMEs in the commerce and distribution sector

Author

Listed:
  • Anicet Clément MIMCHE KOUOTOU

  • Samuel Roland MAKANI

  • Damaris CILINOU

Abstract

The objective of this study is to evaluate the effect of the different modes of financing on the creation of value for the stakeholders of the Cameroonian SME. Our study focuses on players in the trade and distribution sector. To carry out this work, we adopted a positivist posture, a hypothetico-deductive approach. To do this, we collected data from 227 SMEs. They were subjected to various statistical tests (chi-square test, binary logistic regression). At the end of our analyzes, it appears that: bank indebtedness and the issue of new shares each have a significant and negative influence on the creation of the shareholder value, unlike self-financing, which significantly influences the same value in a positive way. than negative.

Suggested Citation

  • Anicet Clément MIMCHE KOUOTOU & Samuel Roland MAKANI & Damaris CILINOU, 2019. "Analysis of the effect of the financing structure on the creation of value in Cameroonian SMEs in the commerce and distribution sector," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 10(1), pages 81-102, June.
    • Handle: RePEc:jaf:journl:v:10:y:2019:i:1:n:170
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    More about this item

    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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