【正文】 et development from internal and external resources, needed to continuously expand the market, increase the core petitive ability, and continue to live in the incentive petition. All stakeholders in enterprise with independent identity is conducive to their decisions, and from the enterprise ine share the ine and bear the risk of corresponding. But no matter how to all stakeholders seek to maximize their own interests, which ultimately must converge in the forprofit business anizations. If the enterprise bankruptcy, ., the parent no longer exists, contact with various stakeholders, whose interests are not, so the financial sustainable growth of enterprises is the mon aspiration of all stakeholder. (2) enterprise financial sustainable growth will help us to accurately determine the enterprise value. In dividend pricing model in enterprise value, enterprise value is estimated that the main difficulties of the aftertax corporate profits continued growth rate estimates. Due to continuing in aftertax corporate profits growth rate cannot be determined, we often assume that the zero or a constant, and the theory basis of this assumption has no, seriously deviated from the actual. When a business performance in a fiscal year appeared high growth, people often mistakenly believe that the high growth lasts for quite some time and seriously overvalued on the enterprise value, as a result, the corporate performance decline rapidly even suffered a severe financial crisis. If you can look at from the perspective of sustainable enterprise growth will be for us to estimate the enterprise value and investment value analysis to provide correct judgment basis. The motivation of enterprise financial sustainable growth (1) continuous operation. Continue as a going concern is refers to the enterprise financing main body continue to exist and can perform its expected economic activity, try to avoid their bankruptcy, liquidation behavior. Modern enterprise is a profit as the goal of the anization, its starting point and the endresult is profitable. Enterprise once established, will face petition, and always in the survival and collapse, the contradictions between development and contraction movement. Enterprise must survive to profit, and can only survive continuous development. Therefore, the enterprise management objectives can be summarized as: the survival, development and profit. Enterprises have to maintain financial sustainable growth, its primary 天津工業(yè)大學(xué) 2022 屆本科生畢業(yè)設(shè)計(jì)（論文） 20motivation is to survive, to continue as a going concern. Because only on the basis of the survival and development, in the process of development to strives for the survival and profit. The financial sustainable growth of enterprises, it is make full use of existing enterprise financial resource enterprise sales reached the best scale growth level. As is known to all, the basic conditions for enterprises to survive in the market is closed to, repay debt on schedule. Enterprises on the one hand, pay the moary funds from the market obtain the resources, especially financial resources。 On the other hand, provide the goods or services, market need in return for moary funds from the market. Enterprise moary funds from the market must be at least equal to pay the money, in order to sustain business, this is the basic condition of enterprise longterm survival, namely, maintain simple reproduction process. Enterprise should further better survival, development and profit, denotation and connotation is a must to expand reproduction, especially connotative expanded reproduction. Therefore, the enterprise vitality is its ability to continuous innovation, with distinctive products and services to continually increase their ine, and constantly innovate, reduce costs and reduce cash outflow, to achieve the goal of enterprise to continue as a going concern. (2) the enterprise value maximization. The value of the enterprise, is that it can bring future returns to the owners, including access to dividends and the sale of its stake in return for cash. Modern enterprise financial sustainable growth, on the one hand, rely on the enterprise to improve the operation and management, accelerate the assets turnover speed, improve the level of enterprise capital gains。 Depends on a scientific and reasonable financial policy on the other hand, the optimization of enterprise capital structure and dividend distribution policy. All this, all is in order to achieve the enterprise value maximization of enterprise financial management goal. Modern enterprise financial sustainable growth, whether by improving the operation and management, and optimization of financial policy, nothing have is not the specific strategy of enterprise financial management goals. Enterprise financial sustainable growth is the means and reasons, the enterprise value maximization is the purpose and results. The influence factors of enterprise financial sustainable growth The realization of the financial sustainable growth of listed panies is not unconditional. The determination of reasonable growth, and a lot of factors. Factors, which affect the sustained growth of listed panies is not only a pany39。s profitability, financial health, but also involves the pany39。s operation and management, industry status, market share, etc. Therefore, analyzes the financial sustainable growth of listed panies should focus on the pany39。s future may produce changes in all aspects, with a forwardlooking and dynamic prediction. (1) macroeconomic environment. The economic environment refers to the enterprise survival and development of social economy and national economic policy. Macroeconomic 天津工業(yè)大學(xué) 2022 屆本科生畢業(yè)設(shè)計(jì)（論文） 21environment mainly by social and economic structure, economic development level, economic system and macroeconomic policy and so on four elements. Macroeconomi