Analysis of the effect of the financing structure on the creation of value in Cameroonian SMEs in the commerce and distribution sector.
DOI:
https://doi.org/10.59051/joaf.v10i1.170Keywords:
SMEs; financing structure; creation of value; commerce sector; distribution sectorAbstract
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.
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Copyright (c) 2019 Romuald TEMOMO WAMBA, Anicet Clément MIMCHE KOUOTOU, Samuel Roland MAKANI, Damaris CILINOU
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