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Research On Related Factors Wind Power Listed Companies’ Financial Sustainable Growth

Posted on:2016-01-01Degree:MasterType:Thesis
Country:ChinaCandidate:Q DuFull Text:PDF
GTID:2309330470470994Subject:Accounting
Abstract/Summary:PDF Full Text Request
With the launching of the "Twelfth Five-Year Plan", the wind power industry has become the most potential for commercial development in the energy industry as the wind resource having features of clean, green, abundant, renewable. Thus, it is very important to research the sustainable development of listed companies about wind power achieving the country’s economic development and the’Twelfth Five Year Plan"The article explains the significance of the research focuses on the study of the background with the sustainable growth of the country’s profile abroad research, content research, programs, difficulties and so on, finance basic connotation, the specific meaning of this article, the analysis the impact of financial factors of sustainable growth, and finally explains the financial knowledge of sustainable growth formula and related models. Reviewing China’s wind power development process, empirical study of China’s wind power listed company’s financial sustainable growth, explains the company’s financial profile listed on sustainable growth and related factors, but also qualitatively analyzes the results. Samples are thirty wind power listed companies in the Shanghai and Shenzhen stock markets. Firstly we get financially sustainable growth rate and the actual rate by operation; then we use the Wilcoxon signed rank test to determine whether wind power listed companies to achieve a sustainable growth in the financial or not; finally, factor analysis and multiple regression analyzes wind listing factors the Company’s sustainable growth. Empirical analysis shows that:China’s wind power listed companies did not meet the overall financial sustainable growth, while the financial sustainability growth rate is lower than the actual one, that is an excessive increase; profitability, growth capacity and operating capacity is significantly associated with the financial capability of sustainable growth factor; growth capacity is a key factor in the difference between sustainability growth rate of real growth rate. Finally, the model and conclusions made recommendations from a financial point of view to the achievement of China’s wind power sustainable growth of listed companies.
Keywords/Search Tags:Wind Power Industry, Listed Companies, Sustainable Growth
PDF Full Text Request
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