| Title |
The Research on the Sustainable Growth of Listed Companies in Chinese Steel Industry |
| ID_Doc |
70746 |
| Authors |
Li, GR; Yang, GL; Wang, W |
| Title |
The Research on the Sustainable Growth of Listed Companies in Chinese Steel Industry |
| Year |
2012 |
| Published |
|
| DOI |
|
| Abstract |
Based on the development status of listed companies in China's steel industry, this essay selected 33 companies in the steel industry listed in Shanghai and Shenzhen Stock Exchange before 2006 after removed those having special conditions, such as "ST" companies whose stock exchanges were specially treated because of consecutive losses, and companies experienced a major business restructuring, etc. With the Robert Higgins' sustainable growth model, we tested the sustainable growth of the selected listed companies in the steel industry between 2006-2010 by using Wilcoxon's signed rank test.The empirical results show that the samples have not achieved sustainable growth whether as a whole or separated year by year. We also concluded that there was a increasing gap between the real growth rates and the sustainable growth rates in five years, which indicated that it was very serious for these companies to blindly pursue high-speed growth, and the financial sustainable growth in the steel industry has not got enough attentions in these companies. So it is not optimistic to achieve sustainable growth for listed companies in the steel industry. |
| Author Keywords |
Steel industry; Sustainable growth; Listed companies |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Conference Proceedings Citation Index - Social Science & Humanities (CPCI-SSH) |
| EID |
WOS:000313020500051 |
| WoS Category |
Economics; Management; Regional & Urban Planning |
| Research Area |
Business & Economics; Public Administration |
| PDF |
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