Font Size: a A A

A Study On Sustainable Development Of Listed Companies In Ethnic Autonomous Regions: Based On The Finance Point Of View

Posted on:2011-08-02Degree:MasterType:Thesis
Country:ChinaCandidate:X Y ZhangFull Text:PDF
GTID:2189360308982977Subject:Financial management
Abstract/Summary:PDF Full Text Request
Theory of sustainable development from social and economic is gradually emerged in the eighties until the twentieth century. The concept of sustainable development was originally aimed at global environmental and economic development.In 1987, Harlem Brundtland-the chairman of the "World Environment and Development Committee",issued a declaration-"Our Common Future",first proposed and demonstrated the theme of sustainable development. The sustainable development is defined as:seek to the approach of the contemporary human development that won't endanger future generations to meet the needs of environmental resources.The Communist Party of China stated the concept of scientific development as "people-oriented, establishing comprehensive, coordinated and sustainable" in the 16th national assembly.The 17th government work report further states: "Sustainable development refers to the process of development must be sustained, continuous. Must co-ordinate to consider the current development and future development, not only satisfy the people's immediate material and cultural needs, but also for future generations to leave sufficient conditions for the development and development space." For the country concerned, to achieve sustainable development in ethnic minority areas is to achieve national sustainable development, which is an important part. The economic development is an important part of social development, of which the objective should be to structure optimization, balanced under the sustainable development.Listed companies in ethnic minority autonomous regions play a very crucial role in development of social and economic of these areas. However, these listed companies in regional industrial structure, regional economic, technological development, urban and rural areas of functioning are subject to geographic location, ecology, historical basis, population and infrastructure constraints, and sustainable development ability is generally not high. Therefore, the study of national autonomous regions and sustainable development of listed companies is very important. There is a close relationship between sustainable development and corporate financial behavior. Therefore, this article seeks to study autonomous regions from the financial perspective of sustainable development, a listed company status, and explore to achieve their financial strategies for sustainable development. Starting from the sustainable growth model, combined with China's actual situation, this paper used the method of combining normative and empirical research to find out the level of development of listed companies in national autonomous.This article includes five parts:Part 1 Introduction. This part presented the background of the main topics of research purpose and meaning, ideas and structures for research, innovation and shortcomings.Part 2 Literature review. This chapter presents a study on sustainable development at home and abroad.Part 3 Sustainable development theory and business model for sustainable growth. This chapter mainly introduces and appraises Higgins sustainable growth model, Van Horn and sustainable growth model, Rappaport sustainable growth model and Colley model of sustainable growth.Part 4 Empirical research on the financial model of sustainable growth. This chapter autonomous regions listed companies as samples, for its data in 2004-2008, calculate the sustainable growth rate by four kinds of sustainable growth model. Finally, the use of statistical software packages SPSS16.0 of calculation results verify the conclusion:National autonomous listed companies achieved sustainable growth in the Higgins SGR, Van Horn SGR, Rappaport SGR model in 2004-2008,but in Colley SGR model, achieved a sustainable growth.Part 5 Countermeasures of finance sustainable development to listed companies of autonomous regions. This chapter put forward proposals of management of strategies under the result of comparing the actual growth rate and sustainable growth rate.
Keywords/Search Tags:listed company, ethnic autonomous regions, model for sustainable development
PDF Full Text Request
Related items