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Sustainability 2017, 9(5), 723; doi:10.3390/su9050723

Research on Sustainability Financial Performance of Chinese Listed Companies

1,* , 1
and
2
1
Department of Finance, School of economics and Business Administration, Chongqing University, 174 Shazhengjie, Shapingba, Chongqing 400030, China
2
Department of Public Economics , School of Public Affairs, Chongqing University, 174 Shazhengjie, Shapingba, Chongqing 400030, China
*
Author to whom correspondence should be addressed.
Academic Editor: Andrea Appolloni
Received: 22 March 2017 / Revised: 19 April 2017 / Accepted: 26 April 2017 / Published: 30 April 2017
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Abstract

Studying the sustainability of the financial performance of Chinese listed companies is an assessment of their future development capability and a comprehensive evaluation of all aspects of the companies over the past period of time. Based on the financial data of manufacturing industry of Chinese listed companies from 2008 to 2015, this paper uses the AHP (Analytic hierarchy process) method to determine the weight of each secondary indictor, calculate the sustainable development capability of financial performance, and analyze and compare the sustainable financial performance of manufacturing sub-industries. The long-term trend and the periodical trend of the sustainable development of the manufacturing industry in Chinese listed companies are analyzed through the HP (High-Pass) filter method. The results show that the long-term sustainable financial performance of the manufacturing industry of Chinese listed companies is basically maintained. Through the comparison of regions and ownership, it has been found that the sustainable financial performance of Chinese listed companies in the eastern and central regions is rising, while that of the western region is declining; the long-term sustainable financial performance of non-state-owned enterprises is rising, while that of state-owned enterprises is declining. View Full-Text
Keywords: manufacturing industry; sustainable financial performance; AHP method; HP filter method manufacturing industry; sustainable financial performance; AHP method; HP filter method
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Wei, F.; Lu, J.; Kong, Y. Research on Sustainability Financial Performance of Chinese Listed Companies. Sustainability 2017, 9, 723.

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