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Analyse des déterminants du recours à l'ingénierie financière par les entreprises non financières cotées à la Bourse Régionale des Valeurs Mobilières

Author

Listed:
  • M. Anselme Hounnou

    (UCAD - Université Cheikh Anta Diop de Dakar [Sénégal])

  • Mouhamed El Bachir Wade

    (UCAD - Université Cheikh Anta Diop de Dakar [Sénégal])

  • Patrice Aimé Agossou

    (UAC - Université d’Abomey-Calavi = University of Abomey Calavi)

Abstract

Cet article vise à déterminer les facteurs qui expliquent le recours à l'ingénierie financière par les entreprises non financières cotées à la BRVM. Il est une recherche quantitative basée sur un raisonnement de type hypothético-déductif. Pour texter nos hypothèses, nous avons collecté des données sur la période de 2000 à 2018 auprès de 25 entreprises non financières cotées à la BRVM. La modélisation par les équations structurelles est utilisée pour tester les hypothèses de notre recherche. L'analyse structurelle confirmatoire est réalisée avec le logiciel AMOS 26. Les résultats du modèle, significatif au seul de 5%, ont montré que le recours à l'ingénierie financière par les entreprises cotées non financières s'explique par l'adoption d'un comportement stratégique, d'un investissement en actifs intangibles, de la gestion des résultats comptables et le niveau d'endettement des entreprises étudiées. Par ailleurs, cet article confirme que le facteur fondamental du recours à l'ingénierie financière est le niveau d'endettement des entreprises cotées à la BRVM.

Suggested Citation

  • M. Anselme Hounnou & Mouhamed El Bachir Wade & Patrice Aimé Agossou, 2023. "Analyse des déterminants du recours à l'ingénierie financière par les entreprises non financières cotées à la Bourse Régionale des Valeurs Mobilières," Post-Print hal-04990519, HAL.
    • Handle: RePEc:hal:journl:hal-04990519
    Note: View the original document on HAL open archive server: https://hal.science/hal-04990519v1
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    References listed on IDEAS

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