Why do companies in Cameroon resist to be financed through the financial market?

Authors

  • Mélissa Grace TCHAPDA WOUMKEP Department of finance, University of Dschang, Dschang, Cameroon
  • Prince HIKOUATCHA Department of finance, University of Dschang, Dschang, Cameroon
  • Simplice Gael TONMO Department of finance, University of Dschang, Dschang, Cameroon
  • Hans Patrick BIDIAS MENIK Department of finance, University of Dschang, Dschang, Cameroon

DOI:

https://doi.org/10.52502/ijfaema.v3i5.176

Keywords:

Initial Public Offering, financial market, reluctance

Abstract

This paper aims at explaining why in a context characterized by a huge need for financing, managers are still reluctant to an Initial Public Offering. For that purpose, the data are collected from 42 companies, through a questionnaire. A Principal Component Analysis supplemented by an estimation, were used. The results show that managers have a positive perception of the stock market, but consider very high the associated costs. They also reveal a weak financial culture and the unfavorable business environment.

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Published

2021-10-29

How to Cite

TCHAPDA WOUMKEP, M. G., HIKOUATCHA , P., TONMO , S. G., & BIDIAS MENIK , H. P. (2021). Why do companies in Cameroon resist to be financed through the financial market?. International Journal of Financial Accountability, Economics, Management, and Auditing (IJFAEMA), 3(5), 950–961. https://doi.org/10.52502/ijfaema.v3i5.176

Issue

Vol. 3 No. 5 (2021): Issue 05 (2021)

Section

Articles

License

Copyright (c) 2021 International Journal of Financial Accountability, Economics, Management, and Auditing (IJFAEMA)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.