可持续增长财务管理模型及修正  

Sustainable Growth of Financial Management Model and Its Amendment

作　　者：敖诗文[1] 强殿英[1] 

机构地区：[1]天津工业大学会计学院,天津300160

出　　处：《天津商学院学报》2004年第5期35-39,共5页Journal of Tianjin University of Commerce

基　　金：天津市哲学社会科学研究规划资助项目(022108)"可持续增长财务管理模型与企业增长管理研究"

摘　　要：可持续增长财务管理模型是建立在一系列假设条件基础上计算出满足公司资本结构和经营效率的销售收入可持续增长率SGR,并以此为依据对销售收入进行日常控制和未来规划。本文在回顾已有模型的同时,引入敏感资产、非敏感资产、敏感负债、非敏感负债的概念用于对模型进行修正,使假设条件更符合公司实际状况,并分析由此测算出的可持续增长率及其意义。Sustainable growth, financial management model based on series of assumes illustrates the sustainable growth rate(SGR) which accords with the capital structure and operational efficiency. With the SGR we can control and plan the growth level of sales revenue. This article first reviews the existing models, then focuses on revising the hypotheses to estimate the SGR using the concepts of sensitive assets and unsensitive assets as well as sensitive liabilities and unsensitive liabilities in order to be in keeping with practical conditions, at last analyzes the SGR and its significance.

关 键 词：可持续增长率 资本结构 修正 财务管理模型 

分 类 号：F234.4[经济管理—会计学]