Open AccessWhy do companies in Cameroon resist to be financed through the financial market?
Author(s) -
Mélissa Grace Tchapda Woumkep,
Prince Hikouatcha,
Simplice Gaël TONMO,
Hans Patrick Bidias Menik
Publication year - 2021
Publication title -
international journal of financial accountability, economics, management, and auditing
Language(s) - English
Resource type - Journals
ISSN - 2788-7189
DOI - 10.52502/ijfaema.v3i5.176
Subject(s) - business , stock market , context (archaeology) , finance , perception , paleontology , neuroscience , biology
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.