新能源行业上市公司可持续增长能力研究——来自沪深股市的经验证据

Study of Sustainable Growth Capacity of Listed Companies in New Energy Industry——Empirical Evidence from Shanghai and Shenzhen Stock Markets

可持续增长问题是公司财务战略管理的重要内容和难题,并日益受到国内外学者的广泛关注,研究财务可持续增长问题具有十分重要的意义。基于詹姆斯.范霍恩可持续增长模型,对在沪深上市的新能源行业公司进行了可持续增长能力实证研究。研究表明新能源行业上市公司可持续增长率与实际增长率存在显著差异,并从财务角度分析影响新能源行业上市公司可持续增长能力的关键因素,进而为企业实现可持续增长能力提出了建议。

Sustainable growth is an important and difficuh problem in strategic management of corporate finance, and has attracted wide attention of scholars at home and abroad. Therefore, it is significant to study the sustainable growth of finance. This paper, based on the sustainable growth model of James Van Home, makes an empirical study of sustainable growth capacity of the listed companies in the new energy industry in Shanghai and Shenzhen. The results show that there is a significant difference between sustainable growth rate and real growth rate of the listed companies in the new energy industry. It analyzes key factors influencing the sustainable growth capacity of the listed companies in the new energy industry from a financial perspective, and then puts forward some advice on how enterprises can have the sustainable growth capacity.