企业可持续增长财务策略.研究

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1、企业可持续增长财务策略研究降低)其他财务比率不变时，本年的实际增长率大于(或小于)本年的可持续增长率。3．在销售净利率提高(或降低)，其他财务比率不变时，本年实际的增长率等于本年的可持续增长率。4．在收益留存率发生变化，其他财务比率不变时，本年的实际销售增长率=本年的可持续增长率。4关键词：企业可持续增长可持续增长率过度增长增长不足财务策略AbstractI．ThebackgroundandmeaningofthisresearchGrowthanditsmanagementpresentspedalproblems

2、infinancialplanning，inpartbecausemanyexecutivesseegrowthassomethingtobcmaximized．Theyreasonsimplythatasgrowthincreases，thefirm’smarketshareandprofitsshouldriseaswell．Fromafinancialperspective，however,growthisnotalwaysablessing．Rapidgrowthcanputconsiderablestrai

3、nonacompany’sresources，andunlessmanagementisawareofthiseffectandtakesactivestepstocontrolit，rapidgrowthcaIlleadtobankruptcy．Companiescanliterallygrowbroke．Itisasadtruththatalmostasmanycompaniesgobankruptbecausetheygrewtoofastasdothosethatgrewtooslowly．Itisdoubl

4、ysadtorealizethatthosecompaniesthatgrewtoofastmetthemarkettestbyprovidingaproductp西pkwantedandfailedonlybecausetheylackedthefinancialacumentomanagetheirgrowthproperly．Attheotherendofthespectrum，companiesgrowingtooslowlyhaveadifferentbutnolesspressingsetoffinanc

5、ialconcerns．Aswillbecomeapparent，ifthesecompaniesfailtoappreciatethefinancialimplicationsofslowgrowth，theywillbecomepotentialcandidatesfortakeoverbymoreperceptiveraiders．Ineithercase，thefinancialmanagementofgrowthisatopicworthyofcloseinspection．Theideaofsustain

6、ablegrowthisnotacceptedbymanyenterprises’executivesandhasnotbecometheconsciousactionbyalotofcompanies．Themajorityofspecificstudiesonfinancialstrategyforsustainabl．egrowthofenterprisesarcnotsystemsandnotveryin—depth．So，theauthorwillresearchonfinancialstrategyofs

7、ustainablegrowthandelaboratetheapplicationsofsustainablegrowthmodelthroughcases．TheauthorhopesthatthisessayCallprovidesomehelpsforoperatingexecutivesonmanaginggrowth．2．TheconfigurationandcontentofthethesisOnthewhole，therepartsmakeupofthethesis：Chapter1：Introduc

8、tion．Thischapterputsthequestionwhichintroducesthebackgroundandmeaning,contentandmethodsofresearchonfinancialstrategiesforasustainablegrowthofenterprises．Chapter2：Enterprises