Pouvoir du dirigeant, gouvernance et performance financière des entreprises : le cas camerounais

Family CEO and company performance during the COVID-19 crisis: The case of Cameroon

“…Thirdly, the results of the explanatory analysis (correlation and regression) show a weak bond between managerial ownership and financial performance for all the companies of the sample, but this becomes insignificant for family companies (Models 5 to 8 and Table 4). This result contradicts those obtained during crisis by Mbaduet et al (2019) in Cameroon and Saidu (2019) in Nigeria. These authors hold that the reduction of conflict between family shareholders and an external manager who is also a shareholder increases the performance of the company even in countries with poor governance.…”

“…One of the limitations of this study is the non-inclusion of some governance mechanisms that are important in the fine-tuning of the findings. These mechanisms include the composition of the board and the participation of employees in the capital of the company (Mbaduet et al, 2019). Another limit of this study is the fact that generational aspects (Ventura et al, 2020), the age of the company, the gender of the manager, and the nature of support from the local and national governments which can lead to a difference of performance in times of crisis are not taken into account.…”

“…It can thus use only subjective measurements to analyse their performance. controlling family (Mbaduet et al, 2019). Given these objectives, the authors formulate the following hypotheses:…”

A Merged Two-Dimensional Approach to Evaluating the Efficient Performance of Non-Financial Companies Listed on the Regional Securities Exchange SA (BRVM)

“…Indeed, when excess debt exceeds excess repayment capacity, this not only creates a solvency problem, but also a "sledgehammer effect" (when the cost of this additional debt is higher than the additional economic performance), negatively impacting return on equity with an increase in the cost of debt, and sending out the wrong signal to lenders and investors on the market. Moreover, the work of Mbaduet et al (2019) shows a negative impact of indebtedness on the financial performance of companies in Cameroon. For the company size variable, it positively influences the efficient performance of BRVM-listed companies at the 1% threshold.…”

“…Firm size (S) is measured by the neperian logarithm of total assets. This variable has been used in the work of Deh (2023), Mbaduet et al (2019), Dkhili et al (2014) and Rachdi and El Gaied (2009).…”