Analysis of the financing of Moroccan SMEs using the Moucharaka model: An optimised perspective on the divergence ratio

Analyse du financement des PME marocaines à travers le modèle Moucharaka: Une perspective optimisée sur le ratio de divergence

Abid Mustapha () and Douari Aziz ()
Additional contact information
Abid Mustapha: LAREGMA - Laboratoire de Recherche en Economie, Gestion Management des affaires - FEG SETTAT - Faculté d’Économie et de Gestion de Settat
Douari Aziz: LAREGMA - Laboratoire de Recherche en Economie, Gestion Management des affaires - FEG SETTAT - Faculté d’Économie et de Gestion de Settat

Post-Print from HAL

Abstract: Small and Medium-sized Enterprises (SMEs) are an engine of economic growth in both developed and developing countries, but they often face financing difficulties due to the reluctance of traditional banks to grant them loans. For this reason, it is important to explore other sources of funding, such as participatory financing. This study, based on the financial data of 25 Moroccan SMEs between 2018 and 2022, compared the profit rate obtained through participatory financing (Moucharaka) with that obtained through a bank loan. The results showed that Moucharaka is an effective solution for improving the economic performance of Moroccan SMEs.

Keywords: Participatory Financing; Dispersion Ratio; Produits Moucharaka; Finance participative; Petite ou moyenne entreprise; Ratio de dispersion; African Scientific Journal; Ratio de dispersion Moucharaka Products; Small or Medium Enterprise; Produits Moucharaka Finance participative Petite ou moyenne entreprise Ratio de dispersion Moucharaka Products Participatory Financing Small or Medium Enterprise Dispersion Ratio (search for similar items in EconPapers)
Date: 2023-08-30
New Economics Papers: this item is included in nep-ara, nep-mfd and nep-sbm
Note: View the original document on HAL open archive server: https://hal.science/hal-04209305
References: View complete reference list from CitEc
Citations:

Published in African Scientific Journal, A paraître, 3 (19), ⟨10.5281/zenodo.8338191⟩

Downloads: (external link)
https://hal.science/hal-04209305/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04209305

DOI: 10.5281/zenodo.8338191

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().