The objective determinants of debt in the context of credit rationing
an empirical study in Cameroonian SMEs
DOI:
https://doi.org/10.59051/joaf.v11i2.417Keywords:
SMEs, indebtedness, rationing, creditAbstract
The purpose of this research is to explain the objective determinants of SME debt. To do so, we constituted a cylinder sample of 150 SMEs, observed from 2010 to 2014 from the INS Cameroon database and the MCG regressions on the models defined by the DT and DCT on the one hand and the The within estimator on the DLT model else by were applied. The results show that in the context of credit rationing, the increase in self-financing reduces the debt level of SMEs. The increase in liquid assets decreases total indebtedness and TC and promotes LT indebtedness. There is a relationship of complementarity between supplier credits, CT and total debt and of substitution with LT debt.
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