Empirical Analysis on Sustainable growth of listed companies Take Jiangxi listed Corporation as an Example
Based on Higgins Financial Sustainable Growth model, qualitative analysis and quantitative analysis are used in this paper, and an empirical analysis is finished based on the financial data of Jiangxi listed companies from 2000-2008. First, Kolmogorov-Smirnov test and Wilcoxon signed tests with symbols are used to test whether Jiangxi listed companies have achieved sustainable growth from 2000 to 2008. Test shows that Jiangxi listed companies havent achieved sustainable growth.Moreover Jiangxi listed companies are extra-fast growth. Furthermore, in order to exploit the forming cause of Jiangxi listed companies extra-fast growth, this paper makes a comprehensive and detailed horizontal analysis on the driving force factors from financial perspective. The analysis shows that the poor capacity of assets operation, the drop of profit ability and the unreasonable financial structure are the major causes of the extra-fast growth. In the end, according to the sustainable growth theory and the results ahead, some suggestions on how to achieve the goal of financial sustainable growth are put forward on financial perspective.
jiangxi listed companies sustainable growth financial perspective extra-fast growth empirical analysis
Zhang Liping
School of Economics and Management East china Jiaotong UniversityNanchang, China,School of Accountancy Jiangxi University of Finance and Economics Nanchang, China
国际会议
成都
英文
369-373
2010-07-09（万方平台首次上网日期，不代表论文的发表时间）