Notice of RetractionEmpirical Analysis on Sustainable growth of listed companies

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Based on Higgins Financial Sustainable Growth model, qualitative analysis and quantitative analysis are used in this paper, and an empirical analysis is finished based on the financial data of Jiangxi listed companies from 2000-2008. First, Kolmogorov-Smirnov test and Wilcoxon signed tests with symbols are used to test whether Jiangxi listed companies have achieved sustainable growth from 2000 to 2008. Test shows that Jiangxi listed companies haven´t achieved sustainable growth .Moreover Jiangxi listed companies are extra-fast growth. Furthermore, in order to exploit the forming cause of Jiangxi listed companies extra-fast growth, this paper makes a comprehensive and detailed horizontal analysis on the driving force factors from financial perspective. The analysis shows that the poor capacity of assets operation, the drop of profit ability and the unreasonable financial structure are the major causes of the extra-fast growth. In the end, according to the sustainable growth theory and the results ahead, some suggestions on how to achieve the goal of financial sustainable growth are put forward on financial perspective.