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Spécificité des actifs et choix d'un mode de financement des entreprises manufacturières

Author

Listed:
  • Joseph Herman TIONA WAMBA
  • Thomas AMOUGOU OYONO
  • Frank Éric TCHANOU

Abstract

Objectif : Cet article a pour objectif d’analyser les effets de la détention des actifs spécifiques sur le choix des modes de financement des entreprises manufacturières Camerounaises.Méthode : Une étude exploratoire a permis de caractériser les actifs spécifiques des entités prospectées. La vérification des hypothèses émises a nécessité une enquête par questionnaire auprès d’entreprises industrielles. Les données collectées ont fait l’objet d’analyses de régressions linéaires multiples.Résultats : Les résultats montrent que la réputation a un impact positif et significatif sur l’augmentation du capital. En revanche, le capital humain et la recherche et développement impactent négativement le financement par endettement ; contrairement à la sous-traitance.Originalité/Pertinence : Le papier a l'originalité de traiter de la spécificité des actifs en contexte PME. Il met en exergue la réalité selon laquelle la spécificité de l'actif peut influer sur les sources de financement.

Suggested Citation

  • Joseph Herman TIONA WAMBA & Thomas AMOUGOU OYONO & Frank Éric TCHANOU, 2023. "Spécificité des actifs et choix d'un mode de financement des entreprises manufacturières," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 14(1), pages 46-63, June.
    • Handle: RePEc:jaf:journl:v:14:y:2023:i:1:n:504
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    References listed on IDEAS

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    More about this item

    Keywords

    Spécificité des actifs; Augmentation du capital; Dette financière; Réputation; Entreprises manufacturières; Specificity of assets; Private equity; Financial debt; Reputation; Manufacturing Companies;
    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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