Research On The Sustainable Growth Of Listed Companies Based On The Financial Perspective In Jiangxi Province

With the development of social economy, listed companies have worked up to be the backbone of modern enterprises, which on the other hand has been the driving force and accelerator, the most dynamic, creative, competitive micro-participates of modern regional economic development. Now listed companies have turned into a kind of significant power to promote economical growth of the entire province and played a decisive role in driving economic development, adjustment of the economic structure and construction of modern enterprise system in Jiangxi Province. Research from a financial angle of the corporate sustainable growth helps to systematically analyze the status of the listed companies by identifying the problems and making much far wiser decision in marketing, finance and manufacture; helps the supervisor in listed companies who concern about accounting information make more reasonable choices. Meanwhile, Research from the financial standpoint of the corporate sustainable growth helps to give a timely guide to strategic growth of the have-been listed companies, to-be listed corporations and medium and small-sized enterprises to develop in a stable and healthy way, by which enhances the foundation for the rapid development of Jiangxi Province. Far more, that is an indispensable key for Jiangxi province to be the rising power of central China.On the basis of briefing the sustainable development of enterprises, this text comparatively analyzes the typical model of sustainable growth and makes an in-depth analysis on the internal and external factors that affect sustainable growth of listed companies. By adopting comparative study method the paper studies present development circumstances of listed companies of the Jiangxi Province and analyzing state-of-the-art of listed companies in Jiangxi province. On the basis of state-of-the-art of listed companies in Jiangxi province, by virtue of Sustainable Growth Model of Robert Higgins, one American senior financial scholar, selecting 20 listed companies in A share that have occurred successive loss and delisted in Shanghai Stock Exchange and Shenzhen Stock Exchange by the end of 2007, the paper inspects instance of sustainable growth of listed companies in Jiangxi province during 2001-2007 in terms of population, industry, year, corporation etc, by means of Wilcoxon's method of mathematics statistics from financial point of view.Judging from the population and age, the sampled corporations have not achieved sustainable increase yet. Only agriculture, forestry, animal husbandry and fishery and medicines, biological products manufacturing industry achieve sustainable growth, and most of which make a rapid growth. Analyzing from the selected sample companies, of 20 samples, 12 listed companies achieved sustainable growth and the other 8 companies have not yet. Furthermore, few of them achieve to keep actual growth rate consistent with financial actual growth rate, and aimless pursuit of hi-speed growth is very obvious which shows listed companies have not attached importance to its financial sustainable growth. Therefore the status of sustainable growth of listed companies in Jiangxi Province is not so expecting.Evidence-based analysis from the ownership structure, management structure, the structure of financing, asset operating capabilities, etc. the text explores problems and the causes lies in the financial sustainable growth of the listed companies in Jiangxi Province and makes targeted suggestions in promoting sustainable growth of listed companies in Jiangxi Province.