Abstract

This research goes within the framework of previous studies examining the specificity of the ownership structure and financial performance of unlisted companies in a dividend distribution environment. The assumptions are based on the agency theory in which shareholders justify the implementation of dividend distribution and explain the financial performance of companies. Our sample consists of 67shareholding companies (Limited Companies and Limited Liability Companies) which best explain dividend distribution in the Cameroonian context. Data were processed using SPSS (Statistical Package for the Social Sciences). We note that the concentration of ownership has no effect on financial performance. However, the nature of the major shareholder plays a decisive role on financial performance.

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