Ben-Qiang Wang
Department of Financial Management, Faculty of Management, Hefei University, Hefei City, 230601, Anhui Province, China
Xue-Chun Yang
Department of Financial Management, Faculty of Management, Hefei University, Hefei City, 230601, Anhui Province, China
ABSTRACT
It has important practical significance to be clarified the relationship between listed company's growth and its financial performance to promoting its sustainable development of strategic and emerging industries, but study achievements of it are quite rare in china. By selecting the weighted average concerning such TAIR, MBIRI and NAIRI as to be explained variable of company's growth and these indicators such ATIR, ALR, NPIRS as to explain variable of its financial performance, this study regression analysis of the relationship between listed companys growth and its financial performance of strategic emerging industries based on 2006-2012 sdata in Anhui Province. The research has shown that listed company's growth has significantly positively correlates with its finance performance of strategic emerging industries in Anhui Province. Therefore, the listed company should enhance its profitability through a variety of ways, increase its long-term debt and reduce short-term debt and speed up its all kinds of assets turnover appropriately to promoting its sustainable development of strategic and emerging industries in Anhui Province.
PDF References Citation
How to cite this article
Ben-Qiang Wang and Xue-Chun Yang, 2013. Analysis of the Relationship Between Company's Growth and its Financial Performance Empirical Evidence from the Sample of Listed Companies of Strategic Emerging Industries in Anhui Province. Journal of Applied Sciences, 13: 3857-3861.
DOI: 10.3923/jas.2013.3857.3861
URL: https://scialert.net/abstract/?doi=jas.2013.3857.3861
DOI: 10.3923/jas.2013.3857.3861
URL: https://scialert.net/abstract/?doi=jas.2013.3857.3861
REFERENCES
- Myers, S.C., 1977. Determinants of corporate borrowing. J. Financial Econ., 5: 147-175.
CrossRefDirect Link - Beck, T., A. Demirguc-Kunt and V. Maksimovic, 2005. Financial and legal constraints to growth: Does firm size matter? J. Finance, 60: 137-177.
CrossRefDirect Link