Similar financial models： Are they free lunches？

作     者：WANG Dong-mei 

作者机构：Management School The Graduate University of Chinese Academy of Sciences Beijing 100190 China 

出 版 物：《Chinese Business Review》 (中国经济评论（英文版）)

年 卷 期：2009年第8卷第8期

页      面：17-25页

学科分类：12[管理学] 120203[管理学-旅游管理] 02[经济学] 0202[经济学-应用经济学] 1202[管理学-工商管理] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020204[经济学-金融学（含∶保险学）] 

主　　题：profitability similar financial model supply chain risk 

摘      要：In recent years, the academic and practical circles have paid so much attention to similar financial models because they generated a miracle in GOME （Gome Electrical Appliances Holding Limited） and SUNING （Suning Appliance Co., Ltd.） respectively. But what＇s the influence of such a model on corporate profitability and risk？ Are similar financial models free lunches？ To seek for the answers to the above questions, in this paper, we take Gree （GREE Electric Appliances, Inc. of Zhuhai）, Midea （Guangdong Midea Electric Appliances Co. Ltd. Stores） and GOME for examples to carry out a comprehensive and in depth financial analysis. The conclusions of this paper are： The company with similar financial characteristics has higher profitability and risk level; Only the companies which meet special requirements need or can implement such a model and the identification and control of hidden risk can guarantee its success.