Corporate Governance for the Best Financing Choices: An Empirical Study from Family Firms in Northern Cameroon

Ake Boubakari, Jules Roger Feudjo

Abstract


In this paper we are studying the composition of the board of directors, and its influence on the financing choices of family firms in Northern Cameroon. We provide systematic evidence that the composition of the Board of managers affects company’s decision toward the presence of family members and independent administrators when an important decision should be taken for the future of the company. Based on our results, we found that the composition of the Board of Directors has a significant influence on the financing choices of family firms. For example, the presence of independent directors in the Board of Directors has a significant influence on the capital structure of the family firms.


Full Text: PDF DOI: 10.5539/ijef.v2n2p70

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.