L’importance des dimensions temporelles de la relation banque-PME sur la décision d’octroi de crédit bancaire dans un contexte d’asymétrie d’information

Wamba, Léopold Djoutsa; Sahut, Jean‐Michel; Teulon, Frédèric

doi:10.3917/g2000.354.0077

Cited by 9 publications

(6 citation statements)

References 20 publications

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“…These criteria are present in our multidimensional scale of financial performance. It also gives a signal of stability to bankers who will provide easier access to credit even in times of crisis (Djoutsa Wamba et al ., 2018).…”

Section: Resultsmentioning

confidence: 99%

“…(2020), which they validated by interviewing managers of Cameroonian SMEs. To this scale, we added a liquidity criterion, a crucial indicator of business failure, in accordance with the work of Djoutsa Wamba et al . (2018).…”

Section: Methodological Aspectsmentioning

confidence: 99%

“…We include in our empirical models control variables that explain the differences in performance between firms such as firm size, the possibility of firm debt during this crisis and the sector of activity. These variables have been widely used in the literature (Hammouda, 2018; Djoutsa Wamba et al ., 2018). Firm size is measured by the number of employees (Hashmi et al ., 2020).…”

Section: Methodological Aspectsmentioning

confidence: 99%

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COVID-19 health crisis and family business performance: the moderating effect of family leadership

Sahut

Wamba

Hikkerova

2023

JOCM

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PurposeIn the context of the coronavirus disease 2019 (COVID-19) crisis, this article aims to analyze the resilience of family businesses in a developing country like Cameroon. As such, this study seeks to fill two gaps in the literature: first, by comparing the financial and social performance of family companies with those of non-family companies not listed on the stock exchange, and second, by comparing performance across family-run companies, according to the companies' mode of leadership in Cameroon, a developing country affected by COVID-19 like the rest of the world.Design/methodology/approachBased on the literature review, the authors developed empirical models to identify the variables which influence the financial and social dimensions of business performance. These models were tested with multilinear regressions, using data collected from questionnaires distributed to 466 firms, of which 212 were family firms and 254 non-family firms. The authors completed our analyses with mean comparison tests to demonstrate whether our results are significantly different between family and non-family firms.FindingsThe authors' multiple regressions and tests produced two main results – the financial and social performance of all Cameroonian firms declined sharply during the crisis, and with the firms' financial performance hit hardest, family firms have been more resilient to the crisis in terms of financial and social performance than non-family firms. The weak governance and social protection system, as well as an inefficient legal system, do not seem to negatively affect the performance of these Cameroonian firms – the effects of the COVID-19 pandemic on the performance of family firms were better managed in firms where family members are actively involved in management or control through family members' strong representation on the board of directors (BD).Research limitations/implicationsThe two main limitations of this study concern the governance of these companies included and the failure to take the characteristics of the manager into account. Investigating other governance variables, such as the composition of the BD or the participation of employees in the capital, would enable us to refine the authors' interpretations of the companies' financial and social performance. Another limitation is the fact that the characteristics of the manager were not considered, especially when the manager is a family member. Exploring this variable would make studying the generational aspect of family businesses possible.Practical implicationsFamily companies are more resilient to crisis because of the companies' long-term focus, which also encourages the companies to maintain the companies' social policy and to avoid redundancies as far as possible. Weak systems of governance and social protection, as well as an ineffective legal system, do not negatively affect the performance of Cameroonian family companies. The results also suggest that family shareholders should become more involved in the management and control of family's firms to make the firms financially and socially resilient and in so doing drastically reduce the impact of crises.Social implicationsThis study shows, in particular, how family firms are more socially resilient than other firms in times of crisis (by resorting less often to redundancies). Family firms should, therefore, arguably benefit the most from public support during crises.Originality/valueThe authors' research makes two main contributions to the literature on family businesses. The results first of all show that Cameroonian family firms have thus far performed better financially and socially during the COVID-19 period than non-family firms. Second, this research focuses on differences in performance based on family business management types during this specific crisis period. The results suggest that the most resilient family firms, in terms of performance, are those in which the family is involved in the management or control of the BD.

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Section: Resultsmentioning

confidence: 99%

Section: Methodological Aspectsmentioning

confidence: 99%

Section: Methodological Aspectsmentioning

confidence: 99%

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COVID-19 health crisis and family business performance: the moderating effect of family leadership

Sahut

Wamba

Hikkerova

2023

JOCM

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“…The dependent variable is access to credit. It is a binary variable which take value 1 if the company has access to credit and 0 otherwise (Djoutsa et al, 2018;Kadjie and Omenguele, 2019). The independent variables are divided into two models.…”

Section: Measurability Of Variables and Modelmentioning

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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“…Cependant, il est souvent reproché au capital social son fort impact qui peut contribuer à ne pas justifier un degré élevé de formalisation de l'information et pas simplement sur le plan financier ; son usage conduit souvent à une vision et à des prises de décision à court terme ; la concentration du pouvoir autour du dirigeant se traduit par le développement de relations en tête à tête qui ont pour conséquence de limiter les choix de l'entreprise. En résumé, dans un contexte comme celui du Cameroun où de nombreuses études se sont penchées sur les facteurs explicatifs du niveau d'endettement bancaire des entreprises sans toutefois mettre l'accent sur les PME/CD, où la majorité des entreprises sont des entreprises individuelles, où il y a un manque de consensus sur le signe de certaines variables (par exemple, les travaux de Berger et Udell (1988) ainsi que ceux de Djoutsa et al (2018) aboutissent à la conclusion selon laquelle l'âge du promoteur de l'entreprise influence positivement l'accès au crédit bancaire tandis que ceux de Colot et Croquet (2007a) aboutissent plutôt au contraire), nous nous demandons quels sont les éléments du profil du propriétaire/dirigeant des PME de la branche commerce/distribution qui leur permettent d'accéder au crédit bancaire. Autrement dit, Quel est l'impact du profil du propriétaire/dirigeant sur l'accès au crédit des PME du sous-secteur commerce/distribution au Cameroun ?…”

Section: Introductionunclassified

The Importance of the Owner / Manager's Profile in Accessing Banking Credit for SMES in the Trade / Distribution Branch in the Context Of Information Asymmetry

Ilaire¹,

Christophe²,

Alain³

2020

int.jour.sci.res.mana.

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The purpose of this article is to examine the impact of the various dimensions of the owner / manager profile on access to bank credit for Cameroonian SMEs working in the trade / distribution subsector. The results of the estimates carried out on a convenience sample of 93 SMEs / CDs highlight three main explanatory variables for access to bank credit, including the age of the owner / manager, his level of education and his relationship network intensity. Thus, owners / managers of SMEs/CDs aged 40 and over, with a high school education and a high network intensity are more likely to access the amount of credit requested. Therefore, promoters of SMEs / CDs would be better off establishing links with bankers, suppliers of goods or even associations in order to increase their chance of accessing the amount of credit requested.Keywords: access to credit, SME in the trade / distribution subsector, logistic regression, relational network, manager 1 La définition officielle de PME au Cameroun découle de la loi n° 2015/010 du 16 juillet 2015 modifiant et complétant la loi n° 2010/001 du 13 avril 2010 portant promotion des Petites et Moyennes Entreprises (PME). Selon cette loi, rentrent dans la catégorie PME les entreprises ayant un effectif permanent inférieur ou égale à 100 individus et dont le chiffre d'affaires annuel hors taxe est inférieur ou égale à trois milliard de FCFA.

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L’importance des dimensions temporelles de la relation banque-PME sur la décision d’octroi de crédit bancaire dans un contexte d’asymétrie d’information

Cited by 9 publications

References 20 publications

COVID-19 health crisis and family business performance: the moderating effect of family leadership

COVID-19 health crisis and family business performance: the moderating effect of family leadership

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

The Importance of the Owner / Manager's Profile in Accessing Banking Credit for SMES in the Trade / Distribution Branch in the Context Of Information Asymmetry

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