Research On Sustainable Growth Problem Of The Listed Company From A Financial View

The goal of financial administration of enterprise is to realize the maximum of enterprise value, with the improvement of the growth rate, the profits of enterprises and enterprise's value will increase, but growth will be endless. According to situation of our country, a lot of listed companies regard increasing in the company as primary problem in company's strategic management, but they also ignore durative ability of increase which leads to over-evaluation of oneself. The company who lacks related support of internal resources will fall into the financial crisis while growing at top speed .So, it is not always lucky that the company grows at top speed. American reputable financial professor Robert. Higgins proposes warning:"Looking from financial angle, it is not always a kind of God's blessing to increase."Likewise, increasing too slowly is also one waste of resource, this kind of enterprise needs to solve financial problem urgently too, if they can not well realize the meaning of financial slowly increasing, they will become the prey that purchasers purchased. Too fast or slowly in increase can bring the same serious drawback to development of enterprises. In order to keep healthy develop for a long time, company administrator must make decisions according with its'actual development goal and balance between growth of fund and sale under limited financial resources. Then how can hold the growth rate of the company correctly? In consideration of this kind, the SGR model is an effective plan tool. Sustainable growth rate is actually the greatest sale rate of increase which enterprises can make in case of not excessively using the financial resources. The operator can keep the growth steady in a long-term of the company with it.The research purpose of my text is that can give one new management idea to administrator and supervisor of listed company. In order to grow up healthy, Enterprises must equilibrate the sell goal, business efficiency and financial resource, confirming the selling rate of increase will match enterprise's realistic and financial market situation. The manager can utilize SGR model as the reference standard of company's development speed, and compare with company's actual rate, judge stage when development is at and the financial problem is about to be, then can offer the appropriate financial tactics for development . On the basis of drawing lessons from theory abroad this text firstly give the definition of financial sustainable growth and reveal its financial intension, then I analyses its reason and influence factor deeply. After that I discuss it's modeling principle and directive significance thoroughly. Under the guidance of this model, I make an investigation on the case of sustainable growth of listed company. Then I have found from studying that the situation of companies who pursues top speed blindly is very serious. At last I combine two representative examples of listed company to discuss the application of SGR model. I hope I can offer some new index and new thinking which are useful in financial management. The innovation in my text is I introduce SGR model and utilize the financial data disclosed to carry on analysis boldly. Besides, I have proposed improving suggestion to the questions founded in research.