Choix des sources de financement et croissance des pme camerounaises

Abstract

The choice of the source of finance is one of the most important financial decisions of a business. These sources are either internal (self-financing, sale of fixed assets, etc.) or external (capital increase in kind or in cash, venture capital, bank or leasing debt, etc.). Similarly, growth can be classified as internal or external, real or sustainable. The objective of this study was to assess the impact of financing sources on the growth of SMEs. The analysis focused on a sample of 48 Cameroonian SMEs operating in the cities of Ebolowa, Bafoussam, Yaoundé and Douala. The data used are from a survey to which a linear descriptive and crosssectional analysis was applied, with regression using the OLS method. The results obtained indicate that only the source of external financing has a positive and significant impact on the growth of the SMEs in the sample. To this end, the regulatory bodies of the SME financial market should promote and facilitate access to external financing in order to stimulate the growth of SMEs and at the same time contribute to the economic growth of Cameroon.

La gestion de la trésorerie est d’une importance capitale pour les PME car elle permet d’avoir au quotidien le solde de trésorerie et de prendre des décisions adéquates pour les transactions financières. L’objectif de notre étude vise à montrer que la gestion de la trésorerie améliore la performance financière des PME Camerounaises. Pour y arriver nous avons utilisé un échantillon de 45 PME dans les villes de Yaoundé et Ebolowa. A l’aide du modèle des statistiques descriptives et du test de khi2, nous avons pu établir que la gestion de la trésorerie améliore significativement la performance financière des PME. De ce résultat, nous recommandons aux PME d’améliorer la gestion de leurs ressources financières.