IDEAS home Printed from https://ideas.repec.org/a/hur/ijaraf/v3y2013i2p84-91.html
   My bibliography  Save this article

Empirical Analysis of Enterprise Financial Sustainable Development Based on the Structural Equation. Examples of Automobile Listed Company in China

Author

Listed:
  • Yang Liu

    () (Sichuan Agricultural University)

  • Xungang Zheng

    () (Sichuan Agricultural University)

  • Ling Tang

    () (Guangdong Technology and Normal University)

Abstract

Based on the sustainable development model of Van Horne extended dynamic equilibrium and the structural equation model, this paper uses the signed rank test of Wilcoxon to judge whether the automobile manufacturing enterprises achieve sustainable development or not. Furthermore, it tests the data reliability and validity dependent on the coefficient of Cronbach's and principal component analysis. Finally, it utilizes the structural equation to explore the reasons that cause unsustainable development. The results show that the listed company failed to realize sustainable development, 56.46% appear excessive growth and the remaining are insufficient. Besides, the sequence reasons leading to the unsustainable development of are as follows: the profit ability, operation ability, growth ability and debt paying ability.

Suggested Citation

  • Yang Liu & Xungang Zheng & Ling Tang, 2013. "Empirical Analysis of Enterprise Financial Sustainable Development Based on the Structural Equation. Examples of Automobile Listed Company in China," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(2), pages 84-91, April.
  • Handle: RePEc:hur:ijaraf:v:3:y:2013:i:2:p:84-91
    as

    Download full text from publisher

    File URL: http://www.hrmars.com/admin/pics/1873.pdf
    Download Restriction: no

    File URL: http://www.hrmars.com/admin/pics/1873.pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hur:ijaraf:v:3:y:2013:i:2:p:84-91. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hassan Danial Aslam) or (Mikhail Salazkin). General contact details of provider: http://hrmars.com/index.php/pages/detail/Accounting-Finance-Journal .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.