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Econometric analysis on the contribution of financial structure to value creation in a company: case of portfolio companies in the DRC from 2018 to 2023.
Abstract
This article discusses the impact of the financial structure of public enterprises in the Democratic Republic of Congo (DRC) on their ability to create value. According to Law No. 08/010 of July 7, 2008, which sets the rules for the organization and management of the State's portfolio, public enterprises are defined as any company in which the state or any public legal entity holds all or the majority of shares. These enterprises are essential for the country's economic development but face financial difficulties due to ineffective management and excessive debt, as demonstrated by the case of Gécamines.
The Congolese government has implemented reforms to improve governance and encourage recapitalization. The study aims to analyze how financing choices, whether internal or external, influence the strategic and operational decisions of public enterprises while identifying key factors in their financial structure that affect performance. By using a methodology that combines documentary analysis, surveys, and statistical analyses, the author seeks to provide practical recommendations for optimizing financial management and enhancing the contribution of public enterprises to the country's economic development.
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DOI: http://dx.doi.org/10.52155/ijpsat.v51.2.7302
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