【導(dǎo)讀】在優(yōu)勢(shì)和特點(diǎn)，在實(shí)際應(yīng)用方面，本文強(qiáng)調(diào)可持續(xù)發(fā)展能力對(duì)于企業(yè)的重要性，的指標(biāo)體系和模型，并運(yùn)用恰當(dāng)?shù)脑u(píng)價(jià)方法準(zhǔn)確判斷企業(yè)的可持續(xù)發(fā)展能力，對(duì)于預(yù)測(cè)企業(yè)的發(fā)展趨勢(shì)也具有重要的現(xiàn)實(shí)意義。前各系自行進(jìn)行畢業(yè)設(shè)計(jì)（論文）動(dòng)員；學(xué)生在校查閱資料，做好選題準(zhǔn)備；—畢業(yè)實(shí)習(xí)；與指導(dǎo)教師協(xié)商確定論文題目；實(shí)習(xí)完畢，準(zhǔn)時(shí)返校；向指導(dǎo)教師提交開(kāi)題報(bào)告；各系組織開(kāi)題答辯；畢業(yè)論文答辯；（答辯及二次答辯時(shí)間暫定。具體時(shí)間由教務(wù)處統(tǒng)一安排）。[3]羅伯特·希金斯[美].財(cái)務(wù)管理分析(第六版)[M].北京大學(xué)出版社，20xx.[5]張加強(qiáng).可持續(xù)增長(zhǎng)理論及其應(yīng)用[J].財(cái)會(huì)月刊..[6]約翰·科雷[美].公司戰(zhàn)略[M].中國(guó)財(cái)政經(jīng)濟(jì)出版社.20xx.義，以及對(duì)四種可持續(xù)增長(zhǎng)模型的對(duì)比分析，利用模型對(duì)上市公司案例進(jìn)行計(jì)算分析，并對(duì)存在的問(wèn)題提出解決方法和建議。能體現(xiàn)本專業(yè)培養(yǎng)目標(biāo)，使學(xué)生得到較全面訓(xùn)練。題目與生產(chǎn)、科研等實(shí)際問(wèn)題結(jié)合緊密。書(shū)寫(xiě)格式符合規(guī)范。

　　

【正文】 nterprise financial sustainable growth as a kind of an ideal growth beyond insufficient or excessive growth, bee the contemporary enterprise pursuit of the goal. Pursuit of financial sustainable growth of enterprises to deal with the principle of growth is a rhythmic, regularly, have predicted under the reasonable proportion of growth development. Therefore growth management is the essence of degree of the pany sales growth to measure and control, steady growth of the enterprise through financial means, namely in the enterprise growth and prehensive regulation between financial resource support capability. The Characteristics Of the Financial Sustainable Growth To realize the sustainable growth of financial pany can be in when not in use issue or a rights issue financing longterm sales and a share of aftertax profits of financial sustainable growth. From the period, because of the operating leverage and financial leverage e ffect, the pany sales growth and earnings per share continues to grow at faster speed, but in the long run, the growth rate will tend to be more consistent. Sustained growth panies has the following three features: (1) industry and pany development are at the mature stage, the market capacity is relatively stable。 (2) the pany has sustained growth conditions before interest and tax assets profit margin is greater than the interest rate and the product of the assetliability ratio。 (3) the pany39。s distribution policy, efficiency of internal management and external market environment is relatively stable. Look from the pany development, sustainable growth over a long period of sustained growth of the pany, growth is relatively stable, vulnerable to investors. The meaning of financial sustainable growth (1) enterprise financial sustainable growth is the premise of plete enterprise target, but 天津工業(yè)大學(xué) 20xx 屆本科生畢業(yè)設(shè)計(jì)（論文） 19 also related to the goal of interests subject at the end. The goal is to survive, profit and development of the enterprise, the enterprise only in the premise of financial sustainable growth, constantly get 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 motivation 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. 天津工業(yè)大學(xué) 20xx 屆本科生畢業(yè)設(shè)計(jì)（論文） 20 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, re