Le financement par capital risque dans les pme innovantes: le cas specifique des PME innovantes camerounaises

Claude Bekolo and Emmanuel Beyina

Innovations, 2009, vol. n° 29, issue 1, 169-195

Abstract: Bank loans and informal funding by small financial cooperatives called « tontines », are the main financing sources of innovation in Small and Medium Sized businesses (SMS). The financing constraints of those businesses result from their dependence from the two funding systems. However, other funding procedures exist that could help SMS to achieve their financing policies and their innovation projects. We propose in this paper a financing model which is a control and development tool for small and medium sized businesses. Codes JEL: L26, L25, M13, O55

Keywords: innovation; tontine; bank; risk capital; rationing (search for similar items in EconPapers)
JEL-codes: L25 L26 M13 O55 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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