Les défaillances de communication financière des entreprises camerounaises

Souleymanou, Kadouamaï; Hikkerova, Lubica

doi:10.3917/g2000.351.0097

Cited by 4 publications

(6 citation statements)

References 20 publications

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“…Table 2 shows that, out of a total sample of 466 firms surveyed, 45.5% are family businesses, of which 47.6% belong to the industrial sector, 27.8% to the service sector and 24.5% to the commercial sector. In total, 55.7% of the firms have more than 100 employees and are considered SMEs in Cameroonian law (Souleymanou and Hikkerova, 2018). Among the 212 family owned firms in the sample, 16% are between 33.6 and 50% owned by a family, while 38.7% are between 50 and 66.67% owned by a family and 45.3% are more than 66.67% owned by a family, which means that there is no case of a blocking minority outside the family in this sample.…”

Section: Resultsmentioning

confidence: 99%

“…Our contribution at this level is the conceptualization of a performance model, the measurement indicators of which are in line with the context of the COVID-19 crisis. Our subjective measure of financial performance, already validated in the context of Cameroonian SMEs (Mazra et al ., 2020), has two advantages: it provides data on the current situation and not the past and the data are more reliable than accounting data (Souleymanou and Hikkerova, 2018). For social performance, our measurement scale allows for adaptation to the local context.…”

Section: Discussionmentioning

confidence: 99%

“…The second reason is that the Cameroonian companies in our sample are not listed on the stock exchange. Therefore, the reliability of the financial and accounting information they publish in their annual reports, when available, is limited (Souleymanou and Hikkerova, 2018).…”

Section: Methodological Aspectsmentioning

confidence: 99%

“…This lack of interest is also due to the difficulty of collecting financial data in these countries and, in particular, in Cameroon. Indeed, Cameroon's weak governance system, combined with an ineffective legal system, mean that the reliability of the financial and accounting information which companies communicate in their annual reports, when available, is limited (Souleymanou and Hikkerova, 2018).…”

Section: Review Of the Literature And Development Of Hypothesesmentioning

confidence: 99%

“…In order to fill this gap in the literature, the present paper analyzes the impact of the COVID-19 crisis on the performance of firms in a developing country, Cameroon. This country has several specific institutional characteristics that justify its study and make the empirical results obtained in developed countries non-transposable, namely its weak corporate governance system, strong managerial discretion and a weak legal system (Souleymanou and Hikkerova, 2018; Mbaduet et al ., 2021).…”

Section: Introductionmentioning

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: Discussionmentioning

confidence: 99%

Section: Methodological Aspectsmentioning

confidence: 99%

Section: Review Of the Literature And Development Of Hypothesesmentioning

confidence: 99%

Section: Introductionmentioning

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

Self Cite

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Diversité, conflits et performance dans les nouvelles entreprises : nouvelle approche, nouvelles évidences

Mazra¹,

Sahut²,

Hikkerova³

2021

Revue De L’Entrepreneuriat

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problématique de la cotation boursière

MBA NEGEANT,

NGUEFACK AZANGUE

2023

J.o A.F.

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Objectif : L‘objectif de l’étude consiste à analyser les facteurs contribuant au comportement réticent des entreprises camerounaises à la cotation boursière. Méthode : L’approche quantitative est adoptée et les données primaires collectées sur un échantillon composé de 83 entreprises camerounaises (cotées et non cotées) sont analysées suivant la technique des moindres carrés ordinaires. Résultats : Les résultats mettent en évidence une influence directe et significative des facteurs économiques et sociaux, tels que la confidentialité de l‘information financière, le niveau d‘éducation et l‘expérience des dirigeants en matière de gestion du marché financier, sur la décision de cotation boursière des entreprises camerounaises. Contrairement aux études précédentes, cette recherche révèle que les dirigeants d‘entreprise sont désormais ouverts au partage du pouvoir de contrôle dans la gestion de leur entreprise, ce qui remet en question le risque de perte de contrôle comme facteur dissuasif à la cotation boursière au Cameroun tel qu'identifié par les recherches antérieures. Originalité : L’originalité de cette étude réside dans sa capacité à examiner et à présenter l‘évolution des facteurs expliquant le taux de cotation boursière significativement faible dans le contexte camerounais.

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Les défaillances de communication financière des entreprises camerounaises

Cited by 4 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

Diversité, conflits et performance dans les nouvelles entreprises : nouvelle approche, nouvelles évidences

problématique de la cotation boursière

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