The issue of stock market listing
A study conducted in the Cameroonian context
DOI:
https://doi.org/10.59051/joaf.v14i2.677Keywords:
Financial market, reluctance, stock market listingAbstract
Objective: The objective of the study is to analyze the factors contributing to the reluctance of Cameroonian companies to list on the stock exchange.
Method: A quantitative approach is adopted, and primary data collected from a sample of 83 Cameroonian companies (both listed and non-listed) are analyzed using ordinary least squares technique.
Results: The results highlight a direct and significant influence of economic and social factors, such as financial information confidentiality, level of education, and managerial experience in financial market management, on the decision of Cameroonian companies regarding stock market listing. In contrast to previous studies, this research reveals that business leaders are now open to sharing control over their company’s management, challenging the risk of loss of control as a deterrent to stock market listing in Cameroon as identified by previous research.
Relevance: The uniqueness of this study lies in its ability to examine and present the evolution of factors explaining the significantly low rate of stock market listing in the Cameroonian context.
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