Factors influencing cash management in Togolese decentralized financial systems

Authors

  • Kokouvi Léon AMETOWOYONA Faculty of Economics and Management, University of Lomé, Togo
  • Curwitch Pham BODJONA Faculty of Economics and Management, University of Lomé, Togo
  • Tsotso KOUEVI Faculty of Economics and Management, University of Lomé, Togo

Abstract

Microfinance institutions, known as Decentralised Financial Systems (DFS) or microfinance institutions (MFI), must contribute to the social development of their customers in addition to their economic purpose. This approach places DFSs in a unique dialectic within the financial system (Bedecarrats et al., 2013). This raises the question of the dual performance of these actors: economic and social. To achieve this dual performance, SFDs need to manage their cash flow optimally. In this article, we analyse the factors influencing the cash management of SFDs in Togo. Based on a sample of 35 Togolese SFDs and using the influence factor analysis method, our results show that in the Togolese context, the financial intermediation margin rate, liquidity ratio, cost of resources and repayment rate are the factors influencing cash flow management.

 

Keywords: Cash Management, Decentralized Financial System

Classification JEL : M19-G21

Type d’article : Empirical Research

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Published

2024-02-25

How to Cite

AMETOWOYONA, K. L., BODJONA, C. P., & KOUEVI, T. (2024). Factors influencing cash management in Togolese decentralized financial systems. International Journal of Accounting, Finance, Auditing, Management and Economics, 5(2), 498–515. Retrieved from https://www.ijafame.org/index.php/ijafame/article/view/1468

Issue

Vol. 5 No. 2 (2024)

Section

Articles

License

Article under license : CC-BY-NC-ND