论企业可持续发展能力的财务杠杆政策利用

财务杠杆利用政策，是影响企业可持续发展能力的重要因素。本文论述了维持企业可持续发展能力的财务杠杆政策的类型及选择的约束因素，提出了企业应根据环境的影响确定合理的负债率水平、在增加财务的灵活性和财务杠杆利用之间进行平衡、增强企业财务杠杆利用水平的调整能力、财务杠杆水平的利用必须与公司预计实现的现金净流量相匹配等维持企业持续发展能力的财务杠杆的利用措施。

On the Use of the Policy of Financial Leverage in the Promotion of the Sustainable Development of Enterprises

Financial leverage policies can produce important effects on the sustainable development of the enterprises. This paper elaborates on types of financial leverage policies and the factors restricting their selection and proposes that businesses should decide on a rational debt level in accordance with the impact of the environment and maintain a good balance between financial flexibility and the use of financial leverage and strengthen the adjusting capacity of the financial leverage. It is also stressed that the use of the financial leverage should be matched with the cash flow expected to be realized by the company and the measures to implement that policy, for the promotion of the sustainability of the company...