ChinesePrivateListedCompaniesEmpiricalStudyonfinancialproblemsofsustainablegrowthREVIEW::paperslistedatthebeginningofprivateenterprise.Corporatefinancereconstructionofsustainablegrowthmodel.ChinesePrivateListedCompaniesFinancialAnalysis.PaperKeywords:privateenterprise,sustainablegrowth,financialcapacityAcorporatefinancialmodelreconstructionsustainablegrowthintheexternalmarketconditionsremainunchanged,thelistedcompany’sfinancialsustainablegrowthisthecompany’sprofitability,capitalstructure,dividendpolicyandtheissuanceandallotmentofthenumberandpriceofthedecisionThepoweroflistedcompanyearningsgrowthmainlyfromtheincreaseinassetsoflistedcompanies,whichisincreasedtoincreaseshareholders’equityandliabilities.Atareasonablecapitalstructureandremainunchanged,itspowermainlyfromtheincreaseinthegrowthofshareholders’equity.Theincreaseinshareholders’equityontheonehandfromtheincreaseinretainedearningsoflistedcompanies,ontheotherhandfromtheissuanceorrightsissuetoraisecapital.Thus,forlistedcompanies,fin---本文于网络，仅供参考，勿照抄，如有侵权请联系删除---ancialsustainablegrowthratehasbeenraisedmainlyintwoways:oneistotrytoimprovetheinternalefficiencyofthecompany’sassetmanagementanduse,reducecostsandimprovetheirprofitability;theotherisbyincreasingissuanceandallotmentofquantityandprice,inordertoincreasetheequitycapitaltopromotegrowthinearningspershare.Therefore,rationalfiscalstrategyoflistedcompaniesshouldbe:ontheonehandcontinuetouseinternalfundsbyimprovingefficiency,strengtheninternalcostcontrol,increasereturnonassets;theotheristoraiseequitycapitalinimprovingthereturnonassetsonthebasisof,toachieveacombinationoforganicgrowthandepitaxygrowthwithinthecompany.Getthemodelaftermodelusedinthispaperthattheexpansion,SGR=-1[①]EstablishingsustainablebusinessgrowthmodelisthatitcanbefivemodelsassumethatallconstraintsHigginsliberalized.Reflectionsonthemodel:1.Fromthemodelshowsthatanycompanycanandachievesustainablegrowthbyimprovingtheirassetmanagementcapabilities,arrangeappropriatecapitalstructuretotakereasonabledividendpolicyandfinancing.Therefore,anycompanyshouldnotabandonthiseffort.---本文于网络，仅供参考，勿照抄，如有侵权请联系删除---2.TheCompany’ssustainablegrowthrateissubjecttointernalresources(capitalstructure,managementefficiency,dividendpolicy,etc.)andtheexternalenvironment(productsales,additionalallotmentconditions,etc.)ofthedualconstraints,delusionsfromthecompany’sactualsituationandtheenvironmentalconstraintsandachievehigh-speedGrowthisunrealisticMagazine.3.Basedonthesustainablegrowthofthemodelistheintrinsicgrowthcapacityofthecurrentoperationalefficiencyandfinancialpolicydecisions,andthereforeasensiblegrowthenterprisesinquestiondidnothavemuchroomtomaneuverfinancialcapability,especiallyinthelongtermitisinthisway.Duetotherapiddevelopmentofanumberofcompaniesinfinancialcrisisorevenbankruptcy,somecompanieshavedifficultiesduetoslowgrowthorevenbeacquiredbyothercompanies,whichshowsthegrowthrateofimproperenoughtoruinabusiness.Second,thedataselectionanddescriptivestatisticsofaselecteddata.Asusedherein,theempiricaldatamore,includingtheaforementioned108privatelistedcompaniesfrom2005to2009annualfinancialdataandsomedatain2004,2010,anditsdatafromthedatabaseCSMAR(Chineselistedcompaniesfinanciald---本文于网络，仅供参考，勿照抄，如有侵权请联系删除---atabas...