An appraisal of factors affecting sustainability of Microfinance Institutions in Cameroon

Microfinance was born with the aim of satisfying people excluded from traditional financial services. However, MFIs face a dual objective of serving the poor while remaining sustainable. Highlighting the determinants of the sustainability of MFIs in Cameroon through financial objectives is the subject of this article. Our study aims to answer the question of what are the criteria that allow a Cameroonian EMF to ensure its sustainability. The objective of this work is to understand the factors that are at the base of the lifespan of MFIs in Cameroon. Specifically, it is a question of making a connection between the lifespan of MFIs and their financial objectives. To answer the research question, we hypothesized that the financial goals of MFIs have an impact on their lifespan. Our study required the use of primary data. These data were collected in the field using a questionnaire. Our target population was made up of independent microfinance institutions. A sample of 35 MFIs was selected using the quota method, which consists of setting the desired proportions of companies based on available statistics on the population studied and questioning any company provided that the fixed proportions are respected. Given the small size of our sample and the qualitative nature of our variables, we deemed it necessary to use the chi-square test. This allowed us to arrive at the results according to which for Cameroonian MFIs to be sustainable, it is necessary to take into account financial objectives such as the turnover business, profits, dividends paid and shareholder satisfaction.     Classification JEL: G21, Q56 Paper Type: Empirical ResearchLa microfinance est née dans le but de satisfaire les personnes exclues des services financiers traditionnels. Cependant, les EMF sont confrontés à un double objectif de servir les pauvres tout en restant durables. La mise en lumière des déterminants de la pérennité des EMF au Cameroun à travers les objectifs financiers fait l'objet de cet article. Notre étude vise à répondre à la question de savoir quels sont les critères qui permettent à une EMF camerounais d'assurer sa pérennité. L'objectif de ce travail est de comprendre les facteurs qui sont à la base de la durée de vie des EMF au Cameroun. Concrètement, il s'agit de faire le lien entre la durée de vie des EMF et leurs objectifs financiers. Pour répondre à la question de recherche, nous avons émis l'hypothèse que les objectifs financiers des EMF ont un impact sur leur durée de vie. Notre étude a nécessité l'utilisation de données primaires. Ces données ont été recueillies sur le terrain à l'aide d'un questionnaire. Notre population cible était constituée d'institutions de microfinance indépendantes. Un échantillon de 35 EMF a été sélectionné selon la méthode des quotas qui consiste à fixer les proportions d'entreprises souhaitées en fonction des statistiques disponibles sur la population étudiée et à interroger toute entreprise à condition de respecter les proportions fixées. Compte tenu de la petite taille de notre échantillon et du caractère qualitatif de nos variables, nous avons jugé nécessaire d'utiliser le test du chi carré. Ceci nous a permis d'arriver aux résultats selon lesquels pour que les EMF camerounais soient pérennes, il faut tenir compte d'objectifs financiers tels que le chiffre d'affaires, les bénéfices, les dividendes versés et la satisfaction des actionnaires.     Classification JEL : G21, Q56 Type de papier : Recherche empiriqu

What drives the adoption of SHRM in Indian Companies?

Managerial innovation and its critical importance in today's global business is well documented. The crucial role of managerial innovation in strategic human resource management is becoming increasingly prevalent in both business and academic literature. However, practically no such study has been undertaken in an emerging country scenario as India. This study identifies the drivers of adoption of innovative strategic human resource practices (SHRM) in Indian organizations. This study is of critical importance against the backdrop of the liberalization of the Indian economy which started in 1991. The structural adjustments due to liberalization have created a hyper-competitive and turbulent environment. Drawing from both innovation and SHRM literature this research report discusses five main propositions of adoption of innovative SHRM practices in Indian organizations. The generalisability, applicability, acceptability, and the diffusion of practices are discussed.Strategic planning; HRM; Innovation; India

Public-Private Partnerships:Risk Allocation and Value for Money

This paper reviews the literature on the allocation and valuation of public-private partnerships (PPPs). First, the paper discusses why governments pursue PPPs and how value for money (VfM) is achieved. Second, the paper reviews the principles of risk allocation and valuation from an academic and public sector perspective. Both the private and public sector consider risk allocation to be a critical issue with respect to PPPs and VfM generation, although governments adopt a less complex approach to risk measurement. This paper analyses papers, case-studies, and reports concerning VfM from PPPs and concludes that, from an academic perspective, the majority of PPPs do not create VfM (government reports usually reach the opposite conclusion)