A Study On The Relationship Between Asset Structure And Growth Of Listed Companies In China

On October 30, 2009, China’s Growth Enterprise Market(GEM) is officially beginning. Growth is the characteristics of companies listed on GEM, but because of some characteristics, the listed company on GEM has its high risk. The high risk characteristics of listed companies on GEM and their high-growth property is like two sides of a coin, both of them are interdependent each other, not Segmentation. So in the face of high-risk, corporate managers and investors become concerned of how to obtain and protect the fast-growing of enterprises. Because assets play a crucial role in the survival and development of enterprises, on the basis of the existing research on corporate growth, the paper selects the GEM listed companies as research object to research the relationship between asset structure and growth. Asset structure, by definition, is the ratio between the proportion of each other company assets among various forms and various forms of assets to total assets. It is dynamic, it is adjusted according to internal and external environment, matched the operating and business goals and business strategies. Business growth means that within a period of time, businesses taking advantage of external opportunities and overcoming the threat of external, playing the internal strengths, changing the internal weaknesses, has shown an overall development and expansion of the situation, and a dynamic process of expansion in the "quantity" and "quality", it is the result of structural optimization of enterprise assets.In this paper, the number of listed on the GEM companies for specific research object is 281.The paper selects ROE growth, revenue growth, net profit growth of three financial indicators as a dependent variable for evaluating business growth targets, and 7 indicators as a independent variable explain the asset structure of index regression model: first take one to one method to establish a linear regression correlation study, and then considering the combined effect of each explanatory growth of 7 asset structure financial indicators, which proves relations exist between asset structure and growth of certain business for enterprises to better manage asset structure, optimizing capital structure, thus contributing to the growth of enterprises to provide some feasible suggestions.