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The objective of this study is to identify how the policies of financing influence the performance of Microfinance institutions (MFI). In this study, we used the MIX Market database in order to bring out information relating to the variables of financing and performance structures. The data used was obtained from eight Institutions of Microfinance in Cameroon, and were collected over a period of eight years going from 2006 to 2013. An analysis of the regressions based on a sample of 64 observations collected on 8 Cameroonian MFIs for 8 years, on the one hand, shows that the level of indebtedness also influences financial and social performance negatively. Keywords: structure of financing, social and financial performance, MFI RésuméLes activités d'octroi de Micro crédit ont été institutionnalisées dans le but de résoudre les problèmes de pauvreté qui prend une dimension congénitale. Dans le but de proposer des solutions afin de rendre pérenne ces institutions, cette présente étude a pour objectif de tester le lien entre la structure de financement des Institutions de Microfinance sur leurs performances aussi bien sociale que financière dans la sphère géographique du Cameroun (Nous avons retenu les IMF ayant comme statut légal

The objective of this article is to contribute to a better understanding of the contribution of ethics in banking governance. The field of investigation is Cameroon. The study covers three subsidiary banks with predominantly Pan-African capital. The empirical material results from an approach marked by documentary study and the realization of semi-structured interviews with managers and bank customers. The results of the analysis show that the banks surveyed see ethics as a governance tool that enables them to improve their image and reputation. They open a reflection on the governance model capable of promoting the consideration of ethics within the banks surveyed.

The aim is to determine the short-term profitability of IPOs and to surrounding the evolution of this profitability on the middle/long run. Therefore, we used the raw initial returns and the adjusted initial returns methods to assess the short-term performance. We determined the long-term performance through the cumulative abnormal returns and the buy-and-hold abnormal returns, abnormal returns being adjusted to the market index and to the market model. By applying those methods to the eleven (11) IPOs’ made on the RSES from September 16th 1998 to December 31st 2011, we drawn two main conclusions. First of all, our results reveal that RSES’s IPOs present a great initial underpricing during this period and that, the adjustment of initial returns to market index negatively affected them. Then, the holding of these stocks on the middle/long run lead to their underperformance compared to the market portfolio. However, the long-term performance with buy-and-hold abnormal returns (BHARs) is less deteriorated than the one with cumulative abnormal returns (CARs). Those results imply that, buying IPOs at the offer price is profitable to investors in the short run and the holding of those stocks in the middle and long run must be done through the buy-and-hold investment strategy.