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

Yang Liu (), Xungang Zheng () and Ling Tang ()
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Yang Liu: Sichuan Agricultural University
Xungang Zheng: Sichuan Agricultural University
Ling Tang: Guangdong Technology and Normal University

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2013, vol. 3, issue 2, 84-91

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.

Keywords: Structural equation; sustainable development; automobile manufacturing (search for similar items in EconPapers)
Date: 2013
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