Climate change and global warming are amplified by pollution and deforestation. For this reason, ... more Climate change and global warming are amplified by pollution and deforestation. For this reason, governments around the world meet every year to find ways to reduce pollution and deforestation and ensure sustainable development. The use of clean energy, particularly ecological charcoal, appears to be an appropriate solution in developing countries. The main objective of this research is to assess the motivations for the consumption of ecological charcoal in Cameroon, using a quantitative approach based on Partial Least Squares Structural Equation Modeling (PLS-SEM). Data were collected from 525 households in the cities of Yaoundé and Douala, Cameroon. The results show that the desire to protect the environment (ecological sensibility), the desire to reduce the energy costs of cooking (economic sensibility), the need to improve health and security, and the desire to enhance the quality of meals and to preserve the cleanliness of pots are all determinants in the consumers’ choice to u...
The involvement of women in business in developing countries has become a subject of great intere... more The involvement of women in business in developing countries has become a subject of great interest for many researchers. In particular, female involvement in microfinance institutions has received special attention from governments and development institutions given its potential impact on poverty alleviation. This paper assesses the effect of gender on the credit risk and performance of microfinance institutions in sub-Saharan Africa. A sample of 43 microfinance institutions from 19 sub-Saharan African countries was selected and data was collected over the period 2010–2016. Seemingly unrelated regressions (SURs) were performed to examine how gender affects the credit risk and performance of microfinance institutions. The findings do not show any significant impact of female loan officers on credit risk, financial performance or social performance. Thus, all else being equal in the countries analyzed, female loan officers do not impact the credit risk and performance differently compared to male credit officers. The contribution of this paper is to shed light on the debate on the impact of gender on the performance of microfinance institutions.
The objective of this paper is to study the contemporaneous relationship and the dynamic relation... more The objective of this paper is to study the contemporaneous relationship and the dynamic relationship between the stock index return and the trading volume on the Bourse Régionale des Valeurs Mobilières using daily data from 5 January 2015 to 31 October 2022. Estimations are made using the generalized method of moments (GMM) and generalized autoregressive conditional heteroscedasticity or GARCH (1,1) specifications for the contemporaneous regressions and the vector autoregressive specification for the dynamic (causal) relationship. The contemporaneous specifications show that there is no significant relationship between stock returns and trading volume. Neither of the two variables significantly influences the other. Furthermore, the dynamic specification shows a causality running from stock returns to trading volume but the reverse is not true. For the period covered by the study, the results invalidate both the mixture of distribution hypothesis and the sequential information arri...
Climate change and global warming are amplified by pollution and deforestation. For this reason, ... more Climate change and global warming are amplified by pollution and deforestation. For this reason, governments around the world meet every year to find ways to reduce pollution and deforestation and ensure sustainable development. The use of clean energy, particularly ecological charcoal, appears to be an appropriate solution in developing countries. The main objective of this research is to assess the motivations for the consumption of ecological charcoal in Cameroon, using a quantitative approach based on Partial Least Squares Structural Equation Modeling (PLS-SEM). Data were collected from 525 households in the cities of Yaoundé and Douala, Cameroon. The results show that the desire to protect the environment (ecological sensibility), the desire to reduce the energy costs of cooking (economic sensibility), the need to improve health and security, and the desire to enhance the quality of meals and to preserve the cleanliness of pots are all determinants in the consumers' choice to use ecological charcoal. These results are refreshing. In Cameroon, in addition to its economic value, the massive consumption of ecological charcoal will contribute to a reduction in household waste management problems in cities and municipalities, while preserving the environment.
According to the World Bank 2017 statistics, the inequalities between rich and poor countries hav... more According to the World Bank 2017 statistics, the inequalities between rich and poor countries have increased despite an 80% increase in the official development assistance volume. This persisted, even under the Millennium Development Goals (MDGs) regime (2000-2015), a period during which developing countries' needs were assumed to be at the centre of the international community's actions. Thus, one may question the effectiveness of aid and the real motivations of donor countries. This article aims to examine the factors that determine the bilateral official development assistance (BODA) allocation by using more recent data, and with an emphasis on whether donor countries have put into place a wish from the MDGs to largely take into account the needs of recipient countries in their ODA allocation decisions. Among other results, we show that the needs of recipient countries are taken into account by only small donors (in terms of volume) in their aid decisions. The major ODA providers do not follow the trend. Thus, rowing in line with the MDGs, putting the needs of recipient countries at the centre of BODA allocation was mainly limited to small ODA donors. Donor interest was is put forward by most of the donor countries.
The involvement of women in business in developing countries has
become a subject of great intere... more The involvement of women in business in developing countries has become a subject of great interest for many researchers. In particular, female involvement in microfinance institutions has received special attention from governments and development institutions given its potential impact on poverty alleviation. This paper assesses the effect of gender on the credit risk and performance of microfinance institutions in sub-Saharan Africa. A sample of 43 microfinance institutions from 19 sub-Saharan African countries was selected and data was collected over the period 2010–2016. Seemingly unrelated regressions (SURs) were performed to examine how gender affects the credit risk and performance of microfinance institutions. The findings do not show any significant impact of female loan officers on credit risk, financial performance or social performance. Thus, all else being equal in the countries analyzed, female loan officers do not impact the credit risk and performance differently compared to male credit officers. The contribution of this paper is to shed light on the debate on the impact of gender on the performance of microfinance institutions.
This article is an open access article distributed under the terms and conditions of the Creative... more This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY
This paper examines the determinants of financial performance as
perceived by Togolese female ma... more This paper examines the determinants of financial performance as
perceived by Togolese female managers operating in the informal
sector. The analysis is conducted using the partial least squares
methodology based on data collected from 208 female-managed
enterprises throughout Togo. The results indicate that business
environment constraints, stereotypes toward females’ managerial
abilities, female entrepreneur’s risk appetite, and being part of
a network are associated positively and significantly with perceived
financial performance, while difficult access to finance and cultural
factors influence it negatively and significantly. Furthermore, the
age of the enterprise is a significant determinant of the perceived
financial performance. The positive effect of the business environment
constraints is contrary to our expectations. This may be
explained by the number of enterprises operating informally.
Technology-based banking has become essential in developing countries. In these countries, the fi... more Technology-based banking has become essential in developing countries. In these countries, the financial inclusion of populations and the development of banks' portfolios depend intensely on valuable services like E-banking. This study aims to investigate the influence of some technological features of electronic financial services (Perceived personal information protection, Perceived transaction security) and service factors (Perceived time saving, Service quality, and Perceived cost-saving) on Trust and Use of e-banking. It also studies the impact of Use of E-banking on E-engagement through Usage continuance and Customer satisfaction. We use partial least squares structural equation modeling (PLS-SEM) to test a research model with a sample of 346 customers of NFC Bank in Cameroon. The study reveals that Perceived personal information protection and the service factors (Perceived time saving, Service quality, and Perceived cost-saving) influence Trust. However, Trust in E-banking does not necessarily lead to its use. On the other hand, Use of E-banking influenced by both technological features of electronic financial services (Perceived personal information protection, Perceived transaction security) and service factors (Perceived time saving, Service quality, and Perceived cost saving). The study brings managerial implications for the development of E-banking offers in developing countries.
International Journal of Economics and Finance, 2022
Socially responsible investing (SRI) seeks to combine financial returns with social and environme... more Socially responsible investing (SRI) seeks to combine financial returns with social and environmental performance. In the context of the Covid-19 pandemic, SRI is seen as an alternative way to maintain sustainable returns. This article attempts to assess the impact of COVID-19 on the performance of socially responsible stocks. In other words, we test the resilience of ESG (Environmental, Social and Governance) oriented companies’ stock prices to the global crisis, and compare it with the performance of selected non-ESG stocks. To do so, we focus on companies listed on the Moroccan, the Egyptian and the Turkish stock exchanges. We use the event study methodology, which relies mainly on calculating the daily abnormal returns of each company and aggregating them over an event window to test their statistical significance. The results reveal that all the companies listed on these three stock exchanges suffered from the COVID-19 crisis, posting negative abnormal returns. However, the ESG...
ABSTRACT Media play an important role in shaping people’s beliefs and ideas. More specifically, m... more ABSTRACT Media play an important role in shaping people’s beliefs and ideas. More specifically, media have a great influence on what we think about foreign countries. The media influence the way a country’s citizens view the people and governments of other countries and shape our image of them. All types of articles about foreign countries are covered in the media. Investors looking to invest abroad certainly pay attention to what is reported in the media about corruption in other countries. Since corruption plays a huge role in investment decisions, this paper investigates the role of corruption coverage in Wall Street journal on US foreign direct investment outflows. We find that an abundance of corruption stories about a specific country in The Wall Street Journal can demotivate investors and reduce the amount of US foreign direct investment outflows to that country.
There has been a rapid growth in Asia for the last few decades compared to other regions of the w... more There has been a rapid growth in Asia for the last few decades compared to other regions of the world. This has even pointed Asia as an example for other developing regions. However, it has not been very simple to understand why Asia has registered such economic growth, while as in Africa, it has faced a high level of corruption. The literature is full of empirical studies showing the detrimental effects of corruption on both investment and growth at the macro-level. Corruption is considered as a serious problem that can slow down economic development, deter foreign direct investments, reduce tax income and efficiency in business transactions, but also reduce the amount of funds available for government to provide important public services. In fact, the high level of corruption in Asian countries has not been able to impede their economic growth, while in some African countries, such high level of corruption has significantly affected the economic growth. While this paper tries to e...
Journal of Small Business & Entrepreneurship, 2021
Today more than ever, banks are facing the race for innovation in mobile financial services. Seve... more Today more than ever, banks are facing the race for innovation in mobile financial services. Several studies have focused on the factors driving the adoption of mobile money, but the aspect of deposit collection activity by banks, essential as a basis for granting an account and providing financial services to customers, has been neglected. This study aims to examine the effect of perceived cost, relative advantage and perceived ubiquity on the intention to adopt mobile money for bank deposits, as well as the effect of its use on financial inclusion in Cameroun. A quantitative approach based on the PLS-SEM algorithm is used on a sample of 310 Cameroonian respondents. Results show that these factors positively influence the intention to adopt Mobile Money for bank deposits and that its use has a significant positive effect on financial inclusion. The study will help bank managers to develop effective marketing approaches and to improve their offer with adapted products and services, more specifically to enhance customer proximity and produce effective channels to suck up potential bank deposits not yet captured by banks.
Climate change and global warming are amplified by pollution and deforestation. For this reason, ... more Climate change and global warming are amplified by pollution and deforestation. For this reason, governments around the world meet every year to find ways to reduce pollution and deforestation and ensure sustainable development. The use of clean energy, particularly ecological charcoal, appears to be an appropriate solution in developing countries. The main objective of this research is to assess the motivations for the consumption of ecological charcoal in Cameroon, using a quantitative approach based on Partial Least Squares Structural Equation Modeling (PLS-SEM). Data were collected from 525 households in the cities of Yaoundé and Douala, Cameroon. The results show that the desire to protect the environment (ecological sensibility), the desire to reduce the energy costs of cooking (economic sensibility), the need to improve health and security, and the desire to enhance the quality of meals and to preserve the cleanliness of pots are all determinants in the consumers’ choice to u...
The involvement of women in business in developing countries has become a subject of great intere... more The involvement of women in business in developing countries has become a subject of great interest for many researchers. In particular, female involvement in microfinance institutions has received special attention from governments and development institutions given its potential impact on poverty alleviation. This paper assesses the effect of gender on the credit risk and performance of microfinance institutions in sub-Saharan Africa. A sample of 43 microfinance institutions from 19 sub-Saharan African countries was selected and data was collected over the period 2010–2016. Seemingly unrelated regressions (SURs) were performed to examine how gender affects the credit risk and performance of microfinance institutions. The findings do not show any significant impact of female loan officers on credit risk, financial performance or social performance. Thus, all else being equal in the countries analyzed, female loan officers do not impact the credit risk and performance differently compared to male credit officers. The contribution of this paper is to shed light on the debate on the impact of gender on the performance of microfinance institutions.
The objective of this paper is to study the contemporaneous relationship and the dynamic relation... more The objective of this paper is to study the contemporaneous relationship and the dynamic relationship between the stock index return and the trading volume on the Bourse Régionale des Valeurs Mobilières using daily data from 5 January 2015 to 31 October 2022. Estimations are made using the generalized method of moments (GMM) and generalized autoregressive conditional heteroscedasticity or GARCH (1,1) specifications for the contemporaneous regressions and the vector autoregressive specification for the dynamic (causal) relationship. The contemporaneous specifications show that there is no significant relationship between stock returns and trading volume. Neither of the two variables significantly influences the other. Furthermore, the dynamic specification shows a causality running from stock returns to trading volume but the reverse is not true. For the period covered by the study, the results invalidate both the mixture of distribution hypothesis and the sequential information arri...
Climate change and global warming are amplified by pollution and deforestation. For this reason, ... more Climate change and global warming are amplified by pollution and deforestation. For this reason, governments around the world meet every year to find ways to reduce pollution and deforestation and ensure sustainable development. The use of clean energy, particularly ecological charcoal, appears to be an appropriate solution in developing countries. The main objective of this research is to assess the motivations for the consumption of ecological charcoal in Cameroon, using a quantitative approach based on Partial Least Squares Structural Equation Modeling (PLS-SEM). Data were collected from 525 households in the cities of Yaoundé and Douala, Cameroon. The results show that the desire to protect the environment (ecological sensibility), the desire to reduce the energy costs of cooking (economic sensibility), the need to improve health and security, and the desire to enhance the quality of meals and to preserve the cleanliness of pots are all determinants in the consumers' choice to use ecological charcoal. These results are refreshing. In Cameroon, in addition to its economic value, the massive consumption of ecological charcoal will contribute to a reduction in household waste management problems in cities and municipalities, while preserving the environment.
According to the World Bank 2017 statistics, the inequalities between rich and poor countries hav... more According to the World Bank 2017 statistics, the inequalities between rich and poor countries have increased despite an 80% increase in the official development assistance volume. This persisted, even under the Millennium Development Goals (MDGs) regime (2000-2015), a period during which developing countries' needs were assumed to be at the centre of the international community's actions. Thus, one may question the effectiveness of aid and the real motivations of donor countries. This article aims to examine the factors that determine the bilateral official development assistance (BODA) allocation by using more recent data, and with an emphasis on whether donor countries have put into place a wish from the MDGs to largely take into account the needs of recipient countries in their ODA allocation decisions. Among other results, we show that the needs of recipient countries are taken into account by only small donors (in terms of volume) in their aid decisions. The major ODA providers do not follow the trend. Thus, rowing in line with the MDGs, putting the needs of recipient countries at the centre of BODA allocation was mainly limited to small ODA donors. Donor interest was is put forward by most of the donor countries.
The involvement of women in business in developing countries has
become a subject of great intere... more The involvement of women in business in developing countries has become a subject of great interest for many researchers. In particular, female involvement in microfinance institutions has received special attention from governments and development institutions given its potential impact on poverty alleviation. This paper assesses the effect of gender on the credit risk and performance of microfinance institutions in sub-Saharan Africa. A sample of 43 microfinance institutions from 19 sub-Saharan African countries was selected and data was collected over the period 2010–2016. Seemingly unrelated regressions (SURs) were performed to examine how gender affects the credit risk and performance of microfinance institutions. The findings do not show any significant impact of female loan officers on credit risk, financial performance or social performance. Thus, all else being equal in the countries analyzed, female loan officers do not impact the credit risk and performance differently compared to male credit officers. The contribution of this paper is to shed light on the debate on the impact of gender on the performance of microfinance institutions.
This article is an open access article distributed under the terms and conditions of the Creative... more This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY
This paper examines the determinants of financial performance as
perceived by Togolese female ma... more This paper examines the determinants of financial performance as
perceived by Togolese female managers operating in the informal
sector. The analysis is conducted using the partial least squares
methodology based on data collected from 208 female-managed
enterprises throughout Togo. The results indicate that business
environment constraints, stereotypes toward females’ managerial
abilities, female entrepreneur’s risk appetite, and being part of
a network are associated positively and significantly with perceived
financial performance, while difficult access to finance and cultural
factors influence it negatively and significantly. Furthermore, the
age of the enterprise is a significant determinant of the perceived
financial performance. The positive effect of the business environment
constraints is contrary to our expectations. This may be
explained by the number of enterprises operating informally.
Technology-based banking has become essential in developing countries. In these countries, the fi... more Technology-based banking has become essential in developing countries. In these countries, the financial inclusion of populations and the development of banks' portfolios depend intensely on valuable services like E-banking. This study aims to investigate the influence of some technological features of electronic financial services (Perceived personal information protection, Perceived transaction security) and service factors (Perceived time saving, Service quality, and Perceived cost-saving) on Trust and Use of e-banking. It also studies the impact of Use of E-banking on E-engagement through Usage continuance and Customer satisfaction. We use partial least squares structural equation modeling (PLS-SEM) to test a research model with a sample of 346 customers of NFC Bank in Cameroon. The study reveals that Perceived personal information protection and the service factors (Perceived time saving, Service quality, and Perceived cost-saving) influence Trust. However, Trust in E-banking does not necessarily lead to its use. On the other hand, Use of E-banking influenced by both technological features of electronic financial services (Perceived personal information protection, Perceived transaction security) and service factors (Perceived time saving, Service quality, and Perceived cost saving). The study brings managerial implications for the development of E-banking offers in developing countries.
International Journal of Economics and Finance, 2022
Socially responsible investing (SRI) seeks to combine financial returns with social and environme... more Socially responsible investing (SRI) seeks to combine financial returns with social and environmental performance. In the context of the Covid-19 pandemic, SRI is seen as an alternative way to maintain sustainable returns. This article attempts to assess the impact of COVID-19 on the performance of socially responsible stocks. In other words, we test the resilience of ESG (Environmental, Social and Governance) oriented companies’ stock prices to the global crisis, and compare it with the performance of selected non-ESG stocks. To do so, we focus on companies listed on the Moroccan, the Egyptian and the Turkish stock exchanges. We use the event study methodology, which relies mainly on calculating the daily abnormal returns of each company and aggregating them over an event window to test their statistical significance. The results reveal that all the companies listed on these three stock exchanges suffered from the COVID-19 crisis, posting negative abnormal returns. However, the ESG...
ABSTRACT Media play an important role in shaping people’s beliefs and ideas. More specifically, m... more ABSTRACT Media play an important role in shaping people’s beliefs and ideas. More specifically, media have a great influence on what we think about foreign countries. The media influence the way a country’s citizens view the people and governments of other countries and shape our image of them. All types of articles about foreign countries are covered in the media. Investors looking to invest abroad certainly pay attention to what is reported in the media about corruption in other countries. Since corruption plays a huge role in investment decisions, this paper investigates the role of corruption coverage in Wall Street journal on US foreign direct investment outflows. We find that an abundance of corruption stories about a specific country in The Wall Street Journal can demotivate investors and reduce the amount of US foreign direct investment outflows to that country.
There has been a rapid growth in Asia for the last few decades compared to other regions of the w... more There has been a rapid growth in Asia for the last few decades compared to other regions of the world. This has even pointed Asia as an example for other developing regions. However, it has not been very simple to understand why Asia has registered such economic growth, while as in Africa, it has faced a high level of corruption. The literature is full of empirical studies showing the detrimental effects of corruption on both investment and growth at the macro-level. Corruption is considered as a serious problem that can slow down economic development, deter foreign direct investments, reduce tax income and efficiency in business transactions, but also reduce the amount of funds available for government to provide important public services. In fact, the high level of corruption in Asian countries has not been able to impede their economic growth, while in some African countries, such high level of corruption has significantly affected the economic growth. While this paper tries to e...
Journal of Small Business & Entrepreneurship, 2021
Today more than ever, banks are facing the race for innovation in mobile financial services. Seve... more Today more than ever, banks are facing the race for innovation in mobile financial services. Several studies have focused on the factors driving the adoption of mobile money, but the aspect of deposit collection activity by banks, essential as a basis for granting an account and providing financial services to customers, has been neglected. This study aims to examine the effect of perceived cost, relative advantage and perceived ubiquity on the intention to adopt mobile money for bank deposits, as well as the effect of its use on financial inclusion in Cameroun. A quantitative approach based on the PLS-SEM algorithm is used on a sample of 310 Cameroonian respondents. Results show that these factors positively influence the intention to adopt Mobile Money for bank deposits and that its use has a significant positive effect on financial inclusion. The study will help bank managers to develop effective marketing approaches and to improve their offer with adapted products and services, more specifically to enhance customer proximity and produce effective channels to suck up potential bank deposits not yet captured by banks.
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Papers by Jean-Pierre Gueyie
become a subject of great interest for many researchers. In particular,
female involvement in microfinance institutions has received
special attention from governments and development institutions
given its potential impact on poverty alleviation. This paper
assesses the effect of gender on the credit risk and performance
of microfinance institutions in sub-Saharan Africa. A sample of 43
microfinance institutions from 19 sub-Saharan African countries
was selected and data was collected over the period 2010–2016.
Seemingly unrelated regressions (SURs) were performed to examine
how gender affects the credit risk and performance of microfinance
institutions. The findings do not show any significant
impact of female loan officers on credit risk, financial performance
or social performance. Thus, all else being equal in the countries
analyzed, female loan officers do not impact the credit risk and
performance differently compared to male credit officers. The contribution
of this paper is to shed light on the debate on the impact
of gender on the performance of microfinance institutions.
perceived by Togolese female managers operating in the informal
sector. The analysis is conducted using the partial least squares
methodology based on data collected from 208 female-managed
enterprises throughout Togo. The results indicate that business
environment constraints, stereotypes toward females’ managerial
abilities, female entrepreneur’s risk appetite, and being part of
a network are associated positively and significantly with perceived
financial performance, while difficult access to finance and cultural
factors influence it negatively and significantly. Furthermore, the
age of the enterprise is a significant determinant of the perceived
financial performance. The positive effect of the business environment
constraints is contrary to our expectations. This may be
explained by the number of enterprises operating informally.
become a subject of great interest for many researchers. In particular,
female involvement in microfinance institutions has received
special attention from governments and development institutions
given its potential impact on poverty alleviation. This paper
assesses the effect of gender on the credit risk and performance
of microfinance institutions in sub-Saharan Africa. A sample of 43
microfinance institutions from 19 sub-Saharan African countries
was selected and data was collected over the period 2010–2016.
Seemingly unrelated regressions (SURs) were performed to examine
how gender affects the credit risk and performance of microfinance
institutions. The findings do not show any significant
impact of female loan officers on credit risk, financial performance
or social performance. Thus, all else being equal in the countries
analyzed, female loan officers do not impact the credit risk and
performance differently compared to male credit officers. The contribution
of this paper is to shed light on the debate on the impact
of gender on the performance of microfinance institutions.
perceived by Togolese female managers operating in the informal
sector. The analysis is conducted using the partial least squares
methodology based on data collected from 208 female-managed
enterprises throughout Togo. The results indicate that business
environment constraints, stereotypes toward females’ managerial
abilities, female entrepreneur’s risk appetite, and being part of
a network are associated positively and significantly with perceived
financial performance, while difficult access to finance and cultural
factors influence it negatively and significantly. Furthermore, the
age of the enterprise is a significant determinant of the perceived
financial performance. The positive effect of the business environment
constraints is contrary to our expectations. This may be
explained by the number of enterprises operating informally.