Analysis of access to short-term financing of cameroonian SMEs

Nicodème KEMDONG Tenekeu ()

Journal of Academic Finance, 2022, vol. 13, issue 1, 84-100

Abstract:

Objective: Given the difficulties of access to long-term financing for SMEs. The purpose of this analysis is to explain the effects ofCameroonianSME-related factors on operating and short-term bank financing. \n

Method: To achieve this, we have, thanks to a sample of 150 Cameroonian SMEs observed over the period 2010 to 2014 from a database provided by the INS, carry out two GLS regressions. One on operating financing and the other on short-term bank financing. \n

Results: The regression through operating financing shows an opposing relationship with long-term debt; Similarly, the decline in short-term bank financing reveals a negative relationship with long-term debt and operating financing. This lack of complementarity between these variables defining the sources of funding translates; translates the relevance of this work. \n

Originality/relevance: The preponderance of operating financing in the financial structure of the SME, exposes the difficulties experienced by Cameroonian and sub-Saharan African SMEs in accessing bank loans and financial debt. However, a positive relationship would have fostered their dedication; hence the need to improve the bank - SME relationship, to recapitalize the Cameroonian SME Bank, as well as the Central African Development Bank (BDEAC) which acts at the sub-regional level. The Douala Stock Exchange must also be capitalized; so that the SME can benefit from adequate financing.

JEL-codes: G3 M1 N8 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.scientific-society.com/AF/article/view/537 (text/html)

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:jaf:journl:v:13:y:2022:i:1:n:537

Access Statistics for this article

Journal of Academic Finance is currently edited by Jamel Henchiri

More articles in Journal of Academic Finance from RED research unit, university of Gabes, Tunisia Contact information at EDIRC.
Bibliographic data for series maintained by Oussama Quentin Kasseh ().