Based On Financial Corporate Finance For Sustainable Growth Strategy

The growing too fast of business can cause a shortage of funds, And then it cause considerable strain on corporate resources; if Slow growth, the enterprise or were eliminated, or become more keen buyers of visual prey。Sustainable growth is a special kind of dynamic balance of growth, and it is not subject to depletion of financial resources can achieve maximum growth。The ability to accumulate capital of enterprise is known as the "driving force" .In the relatively stable market environment, this "driving force" endless supply of energy for sustainable enterprise development,. So the enterprise in the relatively stable market environment maintains sustainable growth. The sustainable growth rate can be gotten through specific analysis and calculations. Business efficiency and financial policies affect sustainable growth。The sustainable growth rate is closely related with the financing decision. To improve the sustainable growth rate, business can improve the operational efficiency through increasing net profit margin. In fact this is the process which the enterprises create their own funds through.Generally, when the actual rate surpass the sustainable rate ,there is a shortage of funds。This paper attempts find out the corporate finance strategy aiming at finance sustainable growth, basing on finance sustainable growth model .When explaining the financing decision, the paper first discussed the relationship between value creation and growth. If the investment return on capital is greater than the cost of capital, the rapid growth can not create value for the enterprise, in addition to the scope of this study at this time. This article discusses the thinking of financing sustainable growth as financial guidelines and thinking of financial sustainable growth consistent with the Pecking Order theory. Then the article put forward a number of practical and concrete proposed financing strategy.By Higgins and Keith Van Horn's sustainable growth model, applying SPSS16.0 statistical software, and selecting the 2004-2008 financial data of listed companies of wine-making industry in China. That is to achieve the purpose if these companies achieve sustainable growth and too fast growth or slow growth, Based on the test results, combined with previously discussed, made some suggestions for reference to listed companies of wine-making industry in China。This article also selected Mao-tai shares as a case to study. Discussing the abnormal low debt capital structure and funding sources of Mao-tai shares, the review made some practical recommendations.