Research On Financial Subsidies Under The Sustainable Growth Of Listed Companies

In mid-2008 the U.S. financial crisis has hampered economic development of countries in the world, The reason, it is important that the growth of an enterprise does not follow a sustainable growth path, regardless of their own unlimited resources to expand their businesses and scale lead to the development of an imbalance, resulting in crisis. Therefore, strengthening the study on sustainable growth of enterprises is particularly important, but sustainable growth is defined as no need to spend to make the financial resources of enterprises can achieve maximum growth, we can not blindly expand production regardless of their own resources, we can not hang back, with its emphasis on the development of enterprises balance.Financial subsidies to support industry or enterprise as the country is an effective form, which was listed companies actively seek to use, businesses received government support, or to improve the production technology to improve quality and efficiency of economic development, or to promote the development of emerging industries, protect the vulnerable sectors, or will they make up for the loss of the listed companies to keep their own position, regardless of the motives for gaining access to subsidies, how to, they have an objective to accelerate the pace of development of enterprises and the quality of the whole national economy.In the new era enterprises are to have greater breakthroughs, adhere to sustainable growth and effective use of government to help integrate the losing is a good way, it is not high-growth-oriented enterprises will be able to get the government more financial support it, the listed companies with sustainable growth of financial subsidies to have any relevance to it, there are no other limiting factors affect the Government's financial investment in an enterprise does, this article on the use of the 2005--2008 A shares listed on the capital market, the company's financial data as sample data, through the establishment of multiple linear regression method, using software SPSS17.0 empirical research in order to find constructive answers.Here we got following points:1. Financial subsidies and sustainable growth of listed companies showed a significant positive correlation. Shows sustained growth of enterprises can effectively promote the Government's business support, support for more subsidies. From the other side also shows that government subsidies for high-quality corporate bias, the Government also wishes to invest in financial subsidies need to focus on supporting industries and enterprises, enabling the limits of financial resources to play a greater role, and company size, listing age, net profit growth rate of control variables such as government subsidies for companies to obtain a positive correlation.2. We tested the sustainable growth rate as the Du Pont analysis indicators and core indicators of the net assets of the relationship between rates of return, pointing out that the two are positively related to the promotion of relations, but only with even greater emphasis on sustainable growth rate indicators for utilization of assets, the enterprises themselves efficiency, emphasizing balance and development, and is the target rate of return on net assets of the inheritance and development are more conducive to business evaluation of its future growth, more conducive to the enterprises to establish a mature and sustainable development of health production model, to gain Further and more financial support to form a virtuous circle.