Capital social et accès des PME africaines au crédit bancaire : le cas du Cameroun

Wamba, Henri

doi:10.3917/rsg.259.0053

Cited by 12 publications

(9 citation statements)

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“…In a different context, such as that of Africa in general and Cameroon in particular; SMEs meet serious obstacles in obtaining bank financing (Kenfack, 2016). Such a problematic have led in recent years researchers (Ngoa & Niyonsaba, 2013;Wamba, 2013;Feudjo & Tchankam, 2013. ) and the Cameroonian government to think of new mechanisms to induce the trust of banks on local firms.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In Cameroon the result of Wanda (2007) revealed that banks have excess liquidity, but they are reluctant to grant loans to SMEs. However, the challenges SMEs encounter to access bank credit are sought to stem from demand-side, supply-side and country-specific factors (Owusu et al, 2015;Chimucheka & Rungani, 2013;Tsambou et al, 2015;Nguena, 2014;Wamba, 2013;Ngongang, 2012;Nguena, 2014;Lopez-Gracia & Aybar-Arias, 2000). Basically, the difficulties face by SMEs to access bank loans is caused by serious problem of information asymmetry (Stiglitz & Weiss, 1981).…”

Section: Literature Reviewmentioning

confidence: 99%

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Bank Loan Financing Decisions of Small and Medium-Sized Enterprises: The Significance of Owner/Managers’ Behaviours

Jude¹,

Adamou²

2018

IJEF

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The objective of this study is to highlight the influence of entrepreneurs" behaviour on the decisions to apply for bank loans. A mixed research methodology known as triangulation was employed in order to achieve the objective of the study. Data were sourced from a stratified randomly selected sample of 450 Cameroonian SMEs and analysed using logistic regression. The result of the study revealed that both control aversion and overconfidence behaviours of the owner/managers influence significantly the decisions of SMEs to apply for bank loans. From the result, it is found that behavioural finance theory explains the decisions of SMEs to seek for bank credits. Contrary to the predictions of the pecking order theory, managerial behaviours such as the fear to loss the control of the firm, and overconfidence provide explanations on the decisions of SMEs to seek for bank loans. For instance, the fact that debt does not entail any loss of business control urges SMEs to prefer debt than external equity.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Bank Loan Financing Decisions of Small and Medium-Sized Enterprises: The Significance of Owner/Managers’ Behaviours

Jude¹,

Adamou²

2018

IJEF

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“…Dans le contexte camerounais, Wamba () montrent que les promoteurs des PME hésitent à dévoiler l'ensemble des informations dont ils disposent concernant leur entreprise, que ce soit pour des raisons fiscales, concurrentielles ou liées aux coÛts qu'engendre leur production ou simplement par ignorance ou manque de compétences. Très récemment, certains auteurs (Williams, ; Tsambou et al ., ; Nguena et Tsafack, ) ont montré que cette insuffisance d'information est due à la petite taille et le peu de notoriété de la plupart des PME.…”

Section: Revue De La Littératureunclassified

Financement Bancaire des Petites et Moyennes Entreprises au Cameroun

Tsambou¹,

Akono²,

Esone³

et al. 2017

African Development Review

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R esum e: Le pr esent travail a pour objectif d'identifier les d eterminants du financement bancaire des PME camerounaises. Il s'appuie pour cela sur l'enquête « Formulation d'un Plan de D eveloppement Local des PME au Cameroun » r ealis ee aupr es de 413 PME par le minist ere des petites et moyennes entreprises, de l' economie sociale et de l'artisanat (MINPMEESA) du Gouvernement camerounais et l'Agence Japonaise de Coop eration Internationale (JICA). Nous utilisons un mod ele logit simple et les m ethodes d'estimations r ecentes. L'analyse statistique des donn ees r ev ele que les PME autofinancent leurs activit es a court terme et font recours aux institutions financi eres a long terme. L'analyse econom etrique a montr e que les principaux d eterminants du financement des PME sont la pr esence r eguli ere des effets financiers, la qualit e des garanties offertes, la taille de la PME, la rentabilit e et le capital social (appartenance aux r eseaux sociaux, participation des etrangers au capital, soutien des autorit es gouvernementales). Cependant, les relations sociales qui sont des indicateurs du degr e de confiance des PME am eliorent significativement la probabilit e d'acc es au financement bancaire en r eduisant le degr e d'opacit e des PME aux yeux du banquier.Abstract: The present work aims to identify the determinants of financing banking Cameroonian SMEs. It is based on the survey 'Formulation of Local Development Plan for SMEs in Cameroon' conducted among 413 SMEs by the Ministry of Small and Medium Enterprises, Social Economy and Handicraft (MINPMEESA) Government of Cameroon and Japan International Cooperation Agency (JICA). We use a simple logit model and robust statistical tests. The results of our analysis reveal that SMEs in the short term self-finance their business while in the long run they use financial institution funds. Moreover, analysis of the determinants of their access to external finance reveal that the main determinants of SME financing are: regular presence of financial effects, the cost of financing, quality guarantees, the SME size, its profitability, the skills of the manager and the social capital. The latter significantly improves SMEs' conditions of access to credit by reducing their degree of opacity in the eyes of bankers.

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“…Access to finance underpins business start-ups and growth, and creates the employment and wealth needed by the country. Note that an overall reading of the results of Feudjo and Tchankam (2012), Wamba (2013) and Nguena (2013) stipulate that a small proportion of entities in Cameroon (on average 20%) obtain bank credit. The rationale for this study therefore is to find out why only limited SMEs have access to credit.…”

Section: Introductionmentioning

confidence: 99%

Determinants of Financing of Small and Medium Size Enterprises in Cameroon: An Empirical Analysis

Martin¹,

Lea²,

Berthelo³

2021

KJEMS

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This study is to investigate the determinants of access to finance by Small and Medium sized Enterprises (SMEs) in Cameroon. To achieve the objective of this study, a sample research plan was used where, the data were collected at random using questionnaires from 40 SMEs. Under the prism of logistic regression, it emerges that only the interest, success of the manager and investment capacity are significantly associated with the probability of SMEs access to credit. Results portray a positive and significant relationship between the manager's investment capacity and the access of SMEs to financing. On the other hand, there is a negative and significant relationship between interest and managerial success and, the probability of SMEs access to credit. Based on the results, it's recommended that government at all levels set up its assistance to small businesses in terms of providing direct financial assistance, organization of seminars, workshops and training for small business owners on how to run a successful small business. The government should also oversee the reduction in interest rates so that many can be encouraged to take out loans.

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Capital social et accès des PME africaines au crédit bancaire : le cas du Cameroun

Cited by 12 publications

References 0 publications

Bank Loan Financing Decisions of Small and Medium-Sized Enterprises: The Significance of Owner/Managers’ Behaviours

Bank Loan Financing Decisions of Small and Medium-Sized Enterprises: The Significance of Owner/Managers’ Behaviours

Financement Bancaire des Petites et Moyennes Entreprises au Cameroun

Determinants of Financing of Small and Medium Size Enterprises in Cameroon: An Empirical Analysis

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