Study On Factors Influencing The Growth Of Nuclear Power Related Enterprises In China

It is estimated that, by 2020, the market of China’s nuclear power related industry is far more than 1 trillion yuan. But some problems are existing in the nuclear power related enterprises in China, such as generally smaller scale, the lack of leading enterprises,the core technology bottleneck of nuclear power equipment, poor ability in manufacturing complete sets of nuclear power equipments, low added-value and technology content of heavy equipments.Study on factors influencing nuclear related enterprises growth has an important significance to improve the competitiveness of nuclear power related enterprises.This thesis first describes the research background, research purpose and significance, research methodology and framework. Then reviews study on related concepts of nuclear power related enterprises and factors influencing nuclear power related enterprises as well as enterprises of other industries enterprises growth.In the part of empirical research, combining literature review and the characteristics of nuclear power related enterprises, some representative internal and external influencing factors are selected. Based on 53 listed nuclear power related companies as the research sample and 2005-2013 as the research range, the empirical analysis of the internal factors are performed by the panel data regression. The results show that there is a positive linear relationship between age, size and nuclear power related business growth. The rate of assets and liabilities, capital intensive, technology intensive and R&D investment has the very remarkable positive influence on firm growth. The proportion of R&D investment has no significant negative impact on the growth of enterprises. And then through the cross-section data regression and data comparison, the influence of external factors including industrial agglomeration, nuclear big events, big events in the stock market on enterprise growth analyzed. The results show that the nuclear power related enterprises in China is still at the primary stage of industrial agglomeration are influenced by the national investment policies. The impact of nuclear big event on growth of enterprise in industrial agglomeration area is the largest and big events in the stock market have the biggest influence on growth of enterprises in non-industrial-agglomeration areas.Then based on nuclear power products as the research object,using gray correlation analysis method, quantitatively analyze the revelance between the internal influencing factors and the growth of nuclear power products. The results show that, the revelance between age, size and growth of the nuclear power products is larger, and the growth of nuclear power products need more R&D investment. The revelance between asset liability ratio and nulear power products growth depends on specific conditions of the company.Finally, summarize the empirical results, put forward the shortcomings of this study, and give some suggestions on nuclear power related business growth.