Abstract
In this article, we analyze in the Malian context the link between the structure of the shareholding and the sustainability of companies based on data from the census of industrial enterprises of the Ministry of Trade and Industry, 2015. The results show that Mali’s economic opening option in the 1980s, strengthened in the 1990s following the implementation of the Structural Adjustment Programs, resulting in the state’s withdrawal from the management of enterprises, have enabled the emergence of private enterprises in almost all sectors of economic activity. However, shareholding in industrial enterprises has suffered from poor governance. It also shows that the number of women entrepreneurs is close to that of men. Between 2010 and 2014, the majority of shareholders are in the agri-food sector. The majority of the investment is in the metal and metallurgical sector.
Highlights
IntroductionThe major Malian companies after the country's independence in 1960 were state-owned companies and enterprises
The major Malian companies after the country's independence in 1960 were state-owned companies and enterprises. These companies, at least 98 percent of whose capital belonged to the State, predominated in all sectors of economic activity in Mali and were managed in accordance with the State's political and socio-economic objectives
The general objective of this study is to show the existence of a link between the ownership structure and the sustainability of the company in Mali
Summary
The major Malian companies after the country's independence in 1960 were state-owned companies and enterprises. Following the implementation of structural adjustment policies, there has been economic openness and the promotion of the private sector. This opening has led to the creation of many companies in Mali. Economic agents are assured of being able to fully benefit from the fruits of their work Since they bear the full costs of their activities, they are encouraged to use resources efficiently. The general objective of this study is to show the existence of a link between the ownership structure and the sustainability of the company in Mali. To study the link between shareholding and corporate sustainability in Mali, we used economic theory of property rights and its links to corporate profitability and growth.
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