Analysis On The Growth Of The Coal Listed Companies In China

According to principles of economics, the purpose of a"economic man"enterprises is to maximize the self interest. In the modern society, the enterprises, which are small size, slow growth , with high-quality resource but in underutilization are always purchased by other enterprises, and the other enterprises which are in the pursuit of rapidly growth and increase its scale often are trapped into the financial trouble, because their resource can not bear the rapidly growth. According to related statistic, the number of bankruptcy of the rapid growth enterprises is nearly as same as the slowly growth enterprises. Therefore, maintaining an appropriate pace of development, achieving sustainable development, the company is particularly critical.China is a developing country with rich coal, less oil and gas. As an important resource, coal is an important driving force in China's economic development, mainly owned by the state. With the break of plan economic system, the development of market economic and capital market, most mining rights of coal have been transferred from the original state-owned coal enterprises to listed coal enterprises. Because coal resource is important driving force for the other industries, related to Chinese economic development and owned by the state, the listed coal enterprises is not just an"economic-man"but a"social-man". For the long time, the coal resource is in a low price by the macro-control, and supported the increase development of the other industries. Continuous occurrence of the coal mine, severely damaged ecological environment and a heavy historical burden have been always impeded the development of the listed coal enterprises. Therefore, how to achieve the sustainable development of the listed coal enterprises in china is very vital to the Chinese economic development.This article analyzed and compared the studies of sustainable development theory abroad, and analyzed with the listed coal enterprises from the outside environment and the inside. what's more ,this article also includes the empirical analyze from three aspects, which consisting of the relation between the growth of speed and the changes of rights and interests net rate, the model of the speed effect of enterprise growth, the relation between the financial strategies and the changes of rights and interests net rate. At last, this paper advanced some practicable suggestions, in order that Coal companies can achieve their sustainable development.