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advantage, in order to achieve longterm and stable development. This chapter bines the enterprise life cycle theory, follow the basic law of the financial activities of enterprises, analysis of the characteristics and the advantages and disadvantages of the various stages of formulation with suitable financial strategy designed to promote longterm healthy and sustainable development. [Key words] enterprise life cycle financial financing investment distribution of ine 目 錄 一、企業(yè)財(cái)務(wù)戰(zhàn)略與企業(yè)生命周期概述 .................................................................................. ( 1) (一)企業(yè)財(cái)務(wù)戰(zhàn)略的定義及類型 .................................................................................. ( 1) (二)企業(yè)生命周期的概念 ............................................................................................ ( 2) 二、企業(yè)在不同生命周期下的財(cái)務(wù)特征 .................................................................................. ( 2) (一)初創(chuàng)期企業(yè)的財(cái)務(wù)特征分析 .................................................................................. ( 2) (二)成長(zhǎng)期企業(yè)的財(cái)務(wù)特征分析 .................................................................................. ( 3) (三)成熟期企業(yè)的財(cái)務(wù)戰(zhàn)略分析 .................................................................................. ( 4) (四)衰退期企業(yè)的財(cái)務(wù)特征分析 .................................................................................. ( 5) 三、企業(yè)生命周期階段的財(cái)務(wù)戰(zhàn)略選 擇 .................................................................................. ( 6) (一)初創(chuàng)期企業(yè)的財(cái)務(wù)戰(zhàn)略選擇 .................................................................................. ( 6) ................................................................................................................... ( 6) ................................................................................................................... ( 6) ............................................................................................................ ( 6) (二)成長(zhǎng)期企業(yè)的財(cái)務(wù)戰(zhàn)略選擇 .................................................................................. ( 7) ................................................................................................................... ( 7) ................................................................................................................... ( 7) ............................................................................................................ ( 8) (三)成熟期企業(yè)的財(cái)務(wù)戰(zhàn)略選擇 .................................................................................. (