Study On The Financial Sustainable Growth Of Agricultural Listed Company In China

The ultimate goal of carrying out the financial management of the enterprise is to realize the maximization of enterprise’s value,the improvement of the growth rate will undoubtedly increase the enterprise’s value,but if not combine with the internal resources situation of the enterprise,and pursuit blindly the highly growth rate,which will get the enterprise into trouble of financial due to the lack of the support of sufficient funds.At the same time,the enterprise of slow growth rate,the resources cannot be fully used,which is not only lead to the idle and waste of resources,but also possible to make the enterprises face the crisis of mergers and acquisitions.So the excessive or the slowly growth rate is will all hinder the development of enterprise,then,how can the enterprise make a decision about the growth rate of in order to ensure that it is in the intercoordation between the resources and the persistent management of the enterprise?According to the sustainable growth theory,the enterprise has a suitable development rate to ensure the balance of the growth of the enterprise.Growth rate is the enterprise’s sustainable growth rate,that is,"in the case of having no use for run out of financial resources,the Maximum ratio of sales for the enterprise to realize".Taking the sustainable growth rate as a reference standard for the development of enterprises,compared with the actual growth rate of enterprises,you can determine the current stage of development of the enterprise and the financial problems that are likely to occur.Only when thereal growth rate of the enterprise and the sustainable growth rate keep in the same level,it shows that the enterprise’s financial resources have been fully and reasonably utilized,and have realized the sustainable growth of financial.On the basis of an analysis of the current situation of agricultural listed companies in China,this paper studies and analyses the sustainable In this paper,firstly,adopting the Wilcoxon signed rank for the evaluation of China’s agricultural listed companies whether they have achieved financial sustainable growth;then through analysis of factor and statistics of multiple regression to analyze factors of influencing the financial sustainable growth of our country agriculture listed company.Empirical study results show that: in general,the agriculture of our country listed company’s growth rate is too fast,that didn’t achieve financial sustainable growth;sustainable growth rate is affected by four abilities of company,that is,ability of profit,ability of debt paying,ability of operation and ability of growth.k Finally,this paper puts forward constructive suggestions on how to realize the financial sustainable growth of agricultural listing Corporation in China based on the empirical research results.growth conditions of these companies by adopting the sustainable growth theory.