本文選題：財(cái)務(wù)可持續(xù)增長(zhǎng) + 可持續(xù)增長(zhǎng)模型�。� 參考：《數(shù)學(xué)的實(shí)踐與認(rèn)識(shí)》2015年12期

【摘要】：以希金斯的財(cái)務(wù)可持續(xù)增長(zhǎng)模型為理論基礎(chǔ),分析青島啤酒2004-2013年的增長(zhǎng)狀況,研究發(fā)現(xiàn):青啤的實(shí)際增長(zhǎng)速度基本與可持續(xù)增長(zhǎng)速度保持一致,其增長(zhǎng)效率是銷售凈利率、總資產(chǎn)周轉(zhuǎn)率、權(quán)益乘數(shù)與留存收益等驅(qū)動(dòng)因素共同作用的結(jié)果.研究表明:青啤管理增長(zhǎng)中還需要通過(guò)不斷加強(qiáng)成本控制,增強(qiáng)盈利能力;強(qiáng)化營(yíng)運(yùn)資本的投融資管理,提高營(yíng)運(yùn)績(jī)效;優(yōu)化資本結(jié)構(gòu),控制財(cái)務(wù)風(fēng)險(xiǎn);優(yōu)化股利政策,增強(qiáng)后續(xù)融資能力等措施來(lái)保障企業(yè)的可持續(xù)增長(zhǎng).
[Abstract]:Based on Higgins' financial sustainable growth model, this paper analyzes Tsing Tao Beer's growth from 2004 to 2013, and finds that the real growth rate of Tsingtao beer is basically consistent with the sustainable growth rate, and its growth efficiency is the net interest rate of sales. Total asset turnover, equity multiplier and retained earnings and other drivers of the combined effect. The research shows that in the growth of Tsingtao beer, it is necessary to strengthen cost control, enhance profitability, strengthen investment and financing management of working capital, improve operating performance, optimize capital structure, control financial risk, and optimize dividend policy. To enhance the ability of follow-up financing and other measures to protect the sustainable growth of enterprises.
【作者單位】： 莆田學(xué)院商學(xué)院;
【基金】：“福建省教育廳項(xiàng)目(JA14258S,JK2012045) 省級(jí)工商管理重點(diǎn)學(xué)科資助項(xiàng)目
【分類號(hào)】：F406.7;F426.82

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本文編號(hào)：1845775