财务弹性在企业生命周期中的运用分析

On Application of Financial Fexibility to the Corporate Life Cycle

企业生命周期理论阐述了企业从发展、成长、成熟和衰退的过程,而在企业的发展规律之中,其财务或推动或制约着企业的发展。资金充裕之时,公司可以把握良好的投资契机,获得更丰厚的投资收益及利润;而在资金不足的情况下,企业面临的资金链断裂很可能导致公司的破产和倒闭。由此看出,财务管理贯穿企业发展始终,而在此过程中,企业需要把握财务弹性的"度",控制财务弹性的伸缩程度,使得企业得到一定的财务储备,使之长期稳定的发展。文章结合企业生命周期理论,分析了财务弹性在各个发展阶段的倾向性,为企业在不同发展时期提供相应的借鉴。

Enterprise life cycle theory describes a period of development in enterprise. Besides, the financial part is cru- cial to the enterprise and the financial condition can have an impact on enterprise development. Therefore, financial management is important and enterprise should command the degree of financial flexibility to increase financial reserves in enterprise. This paper adopts life cycle theory to analyse the features of financial flexibility in different stages, and provides reference for the enterprise