Propriété étrangère, investissement et performance des entreprises en Afrique : Cas du Cameroun
| Autor: | Onomo, Cyrille-Michel-Bertrand, Ayou Bene, Marius, Fall, François-Seck |
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| Přispěvatelé: | Laboratoire d'Etude et de Recherche sur l'Economie, les Politiques et les Systèmes Sociaux (LEREPS), Université Toulouse 1 Capitole (UT1), Université Fédérale Toulouse Midi-Pyrénées-Université Fédérale Toulouse Midi-Pyrénées-Université Toulouse - Jean Jaurès (UT2J)-Institut d'Études Politiques [IEP] - Toulouse-École Nationale Supérieure de Formation de l'Enseignement Agricole de Toulouse-Auzeville (ENSFEA), Ugolini, Stefano |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: | |
| Zdroj: | Management international = International management = Gestión internacional Management international = International management = Gestión internacional, HEC Montréal et Université Paris Dauphine, 2018 |
| ISSN: | 1918-9222 1206-1697 |
| Popis: | International audience; This paper analyzes the relationship between foreign ownership, investment and firms performance in a Sub-Saharan context, based on a sample of 168 Cameroonian firms in the period 2007-2009. To control for the endogeneity issue revealed by our analysis, we estimate a simultaneous equations model that is known to give more robust results than usual models. We find that foreign ownership has a negative effect on firm’s assets return, while positively related to investment. However, the results show a non-linear relationship: when foreign equity is above 25%, foreign ownership is positively related to assets return, and negatively related to investment. |
| Databáze: | OpenAIRE |
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