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

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.