Impact of the Attributes of Discretionary Power of Top Executives on the Financial Performance of their Company in the Cameroonian Context
This article proposes to assess the impact of the attributes of discretionary power of top executives on the financial performance of their company in the context of a country with a weak system of governance, Cameroon. Analysis of the results shows that a top executive who mobilizes his specific managerial skills, invests in assets linked to his knowledge or even seeks support within his relational network achieves better performance than one who does not. Only donations to board directors have a negative effect on financial performance. However, Cameroonian top executives are constrained in their discretionary power by certain checks and balances, and the high level of indebtedness of their firm.