L’industrie cinématographique du Cameroun : évaluation et perspectives

L’industrie cinématographique africaine d’aujourd’hui connaît de grandes avancées dans de nombreux pays d’Afrique. Seulement, autant certains pays africains connaissent de grandes avancées, autant d’autres pays voient leur industrie cinématographique traîner le pas. Le Cameroun est un exemple qui illustre à souhait ces pays qui sont à la traîne. Deux constats s’imposent à nous dans ce cas d’espèce. D’un côté, le Ministère de la Culture semble s’essouffler par le rôle qui lui incombe. De ce fait, il est de moins en moins actif et très peu représenté sur le terrain. De l’autre côté, nous observons çà et là de multiples activités. Des festivals, de long et court métrages organisés par des camerounais, ainsi que des rencontres cinématographiques mises sur pied en partenariat avec les représentations culturelles de pays étrangers en présence sur le territoire. Ces initiatives diverses malgré l’atmosphère peu favorable du pays parviennent à impulser une certaine dynamique. Notons tout de même que ces actions restent cantonnées dans les deux principales villes que sont Yaoundé et Douala. Après ce bref aperçu du tableau cinématographique camerounais, deux questions s’imposent à nous : Quelle appréciation peut-on faire du cinéma au Cameroun aujourd’hui ? Quel avenir pour celui-ci ? Telles sont les deux préoccupations auxquelles nous essaierons d’apporter quelques éléments de réponses dans cette étude. // Mots clés : cinéma, Cameroun, bilan, perspectives, initiatives, industrie cinématographique.

Using contingent valuation to estimate willingness to pay for improved water source in rural Uganda

This research was conducted in August of 2011 in the villages of Kigisu and Rubona in rural Uganda while the author was serving as a community health volunteer with the U.S. Peace Corps. The study used the contingent valuation method (CVM) to estimate the populations’ willingness to pay (WTP) for the operation and maintenance of an improved water source. The survey was administered to 122 households out of 400 in the community, gathering demographic information, health and water behaviors, and using an iterative bidding process to estimate WTP. Households indicated a mean WTP of 286 Ugandan Shillings (UGX) per 20 liters for a public tap and 202 UGX per 20 liters from a private tap. The data were also analyzed using an ordered probit model. It was determined that the number of children in the home, and the distance from the existing source were the primary variables influencing households’ WTP.

Investment Valuation with Tax-optimized Financing Decisions and a Tax-optimized Default Alternative

In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather complex if one has to make allowance for different taxation of the corporation and its owner. Altogether there are more than 10 cases that have to be distinguished if the firm's managers want to make a correct decision, depending on the relation of personal and corporate tax rates.

A Simple Accounting-based Valuation Model for the Debt Tax Shield

This paper describes a simple way to integrate the debt tax shield into an accounting-based valuation model. The market value of equity is determined by forecasting residual operating income, which is calculated by charging operating income for the operating assets at a required return that accounts for the tax benefit that comes from borrowing to raise cash for the operations. The model assumes that the firm maintains a deterministic financial leverage ratio, which tends to converge quickly to typical steady-state levels over time. From a practical point of view, this characteristic is of particular help, because it allows a continuing value calculation at the end of a short forecast period.

Decision-usefulness of ideal cost- and ideal value accounting for valuation and stewardship

This paper contrasts the decision-usefulness of prototype accounting regimes based on perfect accounting for value, i.e. ideal value accounting (IVA), and perfect matching of cost, i.e. ideal cost accounting (ICA). The regimes are analyzed in the context of a firm with overlapping capacity investments where projects earn excess returns and residual income is utilized as performance indicator. Provided that IVA and ICA systematically differ based on the criterion of unconditional conservatism, we assess their respective decision-usefulness for different valuation- and stewardship-scenarios. Assuming that addressees solely observe current accounting data of the firm, ICA provides information which is useful for valuation and stewardship without reservation whereas IVA entails problems under specific assumptions.