Financial Strategy Considering Sustainable Growth: Evidence From China and Russia Gas Market Companies
Journal of Corporate Finance Research, Vol. 13, No. 1, pp. 76-92 (2019)
17 Pages Posted: 20 Jul 2020
Date Written: 2019
Over the past ten years have seen ambiguous situation concerning China and Russia gas companies. On the one hand, companies’ reports show conservative policies and sustainable growth in the coming years, on the other hand, companies’ financial performance suggest another situation because of insufficient level of financial indexes that reflects the inconsistency of existing sustainable growth approaches. These indicates relevance of the research concerning China and Russia gas market companies’ financial sustainable growth in conditions of global economy and investment policy implementation. The main purpose of the Research is to analyze China and Russia gas market companies’ financial growth strategy by means of Geniberg Z – matrix as well as enhanced Financial Sustainability Indicators System indexes by identifying which indicators have a greater influence on Sustainable Growth Rate. It is found that ROCE, ROFA, CR, DOL, ROL influence on Russian gas market companies’ SGR, and ROCE, WACC, ROL, CG Dummy influence on Chinese gas market companies sustainable growth.
Keywords: Chinese gas market companies, Russian gas market companies, Sustainable Growth Rate (SGR), Geniberg Z-matrix
JEL Classification: G32, F30, M21, Q01, Q40
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