Research
Mécanismes De Controle Par La Proximite Et Performance : Cas Specifique Despme Camerounaises Financees Par Capital-Investissement
SMEs financed by Private equity have this particularity of strong involvement and active partnership of the capital-investor in the different development phases. The purpose aims to measure the effect of the specific control mechanisms as identified in the Cameroonian context on the performance of the financed enterprise. Surveys of SMEs financed, it appears from the multiple regression that the specific disciplinary control mechanisms such as the visits of the agents within the companies, the duration of stay and the activism of the capital-investor to the board of directors have a positive influence on the performance of the financed SME.
Ciblage De Lainflation En Regime De Change Fixe: Le Cas De La Zone Cemac
This paper focuses on the determinants of inflation under different policy rules and fixed exchange rate regime. The purpose of this paper is to check the behaviour of inflation in fixed exchange rate regime for a flexible targeting period and a period of strict targeting. The data used are mainly from the World Bank, in «the book of world development indicators» contained in the CD -ROM (WDI 2013). Working for the periods 1977-1994, 1995-2012 and 1977-2012, the analysis was done with a dynamic panel that has the distinction of being among the independent variables, the endogenous variable lagged one or more periods. The endogenous variable is the rate of inflation. Estimates made from the Arellano and Bond (1991) method, it is clear that during the period of flexible inflation targeting, money supply, trade balance and the exchange rate are the main determinants of inflation. During the period of strategy of strict inflation targeting, the main determinants of inflation are the benefits of natural resources, the trade balance and the economic crisis.
Les Determinants De La Rentabilite Bancaire : Une Analyse Sur Donnees De Panel Appliquee Au Cameroun
Following the bankruptcy experienced by the banking system in the CEMAC sub-region in general and Cameroon in particular the banking system in the 80's, the banks were facing a significant deterioration in their profitability. Thus, it has been important to understand the determinants of profitability. It is in this context, that throughout this work we study the determinants of profitability Cameroonian banks. Determinants selected in accordance with economic theory and empirical studies also with profitability variables include macroeconomic and macro-financial in nature. The econometric approach lies in an analysis of panel data based on a sample of 10 (ten) Cameroonian banks over the period from 2001 to 2010. The key findings emerged from this empirical study show that in terms of return on assets, the size of the bank, liquidity, growth and inflation are positively correlated to it. Capital adequacy, monetary policy and prudential regulation are negatively correlated to it. Terms of return on equity, capital adequacy and prudential regulation positively correlated and the size of the bank, liquidity, economic growth, monetary policy and inflation negatively correlated over the period reference.
