The Sustainable Growth Of Empirical Research To Guangdong Small And Medium-sized Listed Enterprise

The article mainly adopts the empirical research, using the method of small and medium-sized board listed in shenzhen, guangdong province of the20companies listed smes as a research object, the selection of the enterprise from2006to2010annual financial data, the article higgins, the sustainable growth theory as the theoretical basis, from five aspects of small and medium-sized enterprises of guangdong listed the sustainable growth ability on the financial evaluation research.This paper first introduces the sustainable growth in domestic and foreign scholars, including theory study also included empirical research, in reference on the basis of existing researches, this paper has selected sales net interest rates, net assets yield per share, net profit, flow asset turnover, total asset turnover, flow rate, the asset-liability ratio, asset management cash flow rate of return, assets, and hence net profit growth rate, the cost, profit margins during the12indexes respectively from the enterprise’s profit ability, operation ability, debt paying ability, growth ability and financial cost control ability in five aspects of the guangdong province construction of the listed smes ability of sustainable growth of financial evaluation system.Based on the empirical research, using a will cork with symbols of guangdong province’s inspection sample company20companies from2006in2010to in five years than the actual growth and sustainable growth rate for inspection, respectively, from the overall, on the industry, year, each enterprise on the inspection, the inspection results found, from the overall, guangdong listed smes, on the whole, all did not realize the sustainable growth, most in rapid growth condition; From year perspective,20to sample company in five years are to achieve sustainable growth, which in the year of the rapid increase of enterprise accounting for most; From the industry perspective, five years only biological medicine manufacturing, information technology industry realize the sustainable growth outside, other industries have not achieve sustainable growth; From the various specific listed company look,20to sample the listed company, only about seven home realize the sustainable growth, and the other all did not achieve sustainable growth. Then the article and the regression analysis method, to realize the sustainable growth factors not analysis, found that total asset turnover to the greatest influence in the second row of sales is the net interest rate, and the third is the assets management cash flow rate of return.At the end of the paper, in view of the rapid increase of the lack of growth and enterprise were put forward relevant Suggestions and I hope the advice of guangdong province and even he whole country small and medium-sized listed enterprises within the scope of the small andmedium-sized listed enterprise all walks of life can play a certain role.