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Le Financement des PME au Cameroun dans un Contexte de Crise Financière
[SMEs Financing issue in Cameroon in the context of Financial Crises]

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  • NGUENA, Christian L.

Abstract

Still today Cameroon is suffering from a shy landscape of entrepreneurship and a private sector constituted at 90% by SMEs confronted to a lack of funding; The situation tends to increase with the advent of financial crisis. It is in this framework that this study tries to make an identification and evaluation at descriptive and econometric levels of responsibility of actors involved in the financing problem faced by SMEs in Cameroon. Using a multinomial logit model we estimated our variable “Principal funding source” on the basis of survey data on funding actors. From a sample of 413 SMEs in Cameroon, the results show that the external financing gap is explained by the lack of accounting information, the legal status of SA and SA Ltd., the activity in industrial sector, the small number of employees, the high interest rates and long-term borrowings. These last factors have been growing due to financial crisis. These results have led us to call these actors on challenging decisions they have to take according to their responsibilities level towards SME external financing gap.

Suggested Citation

  • NGUENA, Christian L., 2012. "Le Financement des PME au Cameroun dans un Contexte de Crise Financière [SMEs Financing issue in Cameroon in the context of Financial Crises]," MPRA Paper 49417, University Library of Munich, Germany, revised 01 Sep 2013.
    • Handle: RePEc:pra:mprapa:49417
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    References listed on IDEAS

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    1. NGUENA, Christian L., 2013. "Solutions Pratiques au Problème de Financement des PME au Cameroun [Practical Solution for SMEs Financing Deficit in Cameroon]," MPRA Paper 49840, University Library of Munich, Germany, revised 16 Jul 2013.

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    More about this item

    Keywords

    SMEs; Financial structure; Financing gap; External financing; Information asymmetry.;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • G2 - Financial Economics - - Financial Institutions and Services

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