基于生命周期理论的上市公司融资战略研究——以A企业为例  

Research on the Financing Strategy of Listed Companies Based on Life Cycle Theory——Taking Enterprise A as an Example

作　　者：贺琛[1,2] 代琳玉 兰妮 He Chen;Dai Linyu;Lan Ni(School of Accounting,Hubei University of Economics,Wuhan 430205,China;Post-doctoral Mobile Station,Zhongnan University of Economics and Law,Wuhan 430073,China)

机构地区：[1]湖北经济学院会计学院,湖北武汉430205 [2]中南财经政法大学博士后流动站,湖北武汉430073

出　　处：《科技创业月刊》2023年第11期173-178,共6页Journal of Entrepreneurship in Science & Technology

基　　金：国家社会科学基金青年项目“社会资本、CEO权力与企业资源配置及其经济后果研究”(20CGL011);湖北省教育厅项目(19Q140)。

摘　　要：企业的生命周期是一个企业成长和发展的历程,其主要包括初创期、成长期、成熟期和衰退期。企业的资金也是企业活动中不可缺少的一部分,根据企业不同时期的融资需求,选取不同的融资策略,可以使企业获得更好的发展。因此,基于生命周期理论进行融资战略研究,选择家电行业代表性上市公司A企业作为研究对象,通过分析A企业在不同阶段的融资方式以及采取的融资战略,分析其问题并提出相应建议。The life cycle of an enterprise is a process of growth and development of an enterprise,which mainly includes the initial stage,the growth stage,the maturity stage and the decline stage.Enterprise capital is also an indispensable part of enterprise activities.According to the financing needs of enterprises in different periods,different financing strategies can help enterprises achieve better development.Therefore,this paper conducts A research on financing strategy based on the life cycle theory,chooses Enterprise A,a representative listed company in the home appliance industry,as the research object,analyzes the financing methods and financing strategies adopted by enterprise A at different stages,analyzes its problems,and puts forward corresponding suggestions.

关 键 词：生命周期 融资战略 现金流量 家电行业 

分 类 号：F832.51[经济管理—金融学]