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Assets specificity and financing sources of manufacturing companies

Author

Listed:
  • Joseph Herman TIONA WAMBA

  • Thomas AMOUGOU OYONO

  • Frank Éric TCHANOU

Abstract

Purpose : This article aims to analyze the effects of holding specific assets on the choice of financing methods by Cameroonian manufacturing companies. \n Approach : An exploratory study made it possible to characterize the specific assets of the prospected entities. The verification of research hypotheses required a questionnaire administered to some industrial companies. The data collected was subjected to multiple linear regression analyses. \n Results: Reputation has a positive and significant impact on capital growth. On the other hand, human capital and R&D have a negative impact on debt financing, unlike outsourcing. \n Originality : The paper has the originality of examining the specificity of assets in the context of SME. It highlights the reality that assets specificity influence funding sources.

Suggested Citation

  • Joseph Herman TIONA WAMBA & Thomas AMOUGOU OYONO & Frank Éric TCHANOU, 2023. "Assets specificity and financing sources of manufacturing companies," 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:620
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    References listed on IDEAS

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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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