对可持续增长财务管理模型的修正

Sustainable Growth of Financial Management Model and Its Amendment

目前,越来越多的企业开始关注战略,追求企业价值的持续增长而不是短期利润最大化。对可持续增长的研究,财务管理理论中有可持续增长财务管理模型。可持续增长的财务管理模型为企业控制财务风险、评价业绩提供了参照指标。对可持续增长财务管理模型的研究,理论界最著名的是希金斯模型和范霍恩模型。但这两个模型的假设限制条件都比较严格,甚至存在不合理之处。本文结合实际情况,引入趋势分析模型,对范霍恩模型加以改进,以使其更加精确合理。

The sustainable growth of financial management model provides reference for enterprise to control financial risks and to assess the operating performance. The most famous theories on the researeh of sustainable growth of financial management model are models provided by James C. Van Home and Robert C Higgins. However, both models have set very strict defaults. Some defaults are even unreasonable. Taking into account the real environment in which businesses happen, this article, introducing the trend analysis model, tries to improve the sustainable growth of financial management model in order to make it more reasonable.