Emerging Industry Development Stage,Growth Orientation and Conservative Evaluation——Taking Photovoltaic,Wind Power,Solar-Thermal Industries as Examples
Xiong Yongqing,Liu Fan
Business School of Central South University,Changsha 410083,China
Abstract:Taking three emerging industries in different stages of development as examples,which are photovoltaic,wind power,solar-thermal industries.It applied Z-Score Credit Risk Model to analyze and evaluate the robustness of emerging industries growth orientation in different stages of development.The results show that emerging industry in different stages of development needs to choose the appropriate growth orientation,and convert between different development models.Furthermore,at the present stage,most of the strategic emerging industries in China are in the stage of “technology and commercial demonstration” or “buy-down”,and they should insist on the“efficiency orientation”.After entering widespread deployment stage,Emerging industries can achieve the synchronous growth of scale,profits and business efficiency
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