摘要:可持续增长率是使企业增长与企业财务资源相协调的增长方式，是中小企业首选的增长方式。将可持续增长率等式细分，得出可持续增长率的具体驱动因素，这些因素贯穿于企业整个经营过程。从财务的角度来看，增长太慢的公司发展前景令人堪忧，反之，增长速度过快又可能会导致破产。保持一个合理的增长速度对每一个公司而言都是至关重要的。
企业财务管理的实施条件，常常表现为可持续增长率与实际增长率的比较。实际增长率与可持续增长率两者的差异代表实际情况与理想状况之间的差距。做为企业财务管理者，应对这两个增长率之间的差异引起充分关注，并作出合理应对决策。本文将引用国内外的一些中小企业的案例来讲解可持续增长率对中小企业财务管理的影响。
关键词: 可持续增长率（简称SGR）；财务管理；中小企业
Abstract:The sustainable growth rate of business growth and business financial resources to be coordinated growth，is the preferred mode of growth for SMEs. Separating the equation of sustainable growth rate，we can draw the specific verb factor of sustainable growth rate. These factors throughout the entire business process of enterprise. From a financial point of view，growth is too slow, the development prospects of the company is worrying. Conversely，increase in speed and may lead to bankruptcy. It is critical to each company to maintain a reasonable growth rate.
The implementation of conditions of corporate financial management，usually presented to the sustainable growth rate and the actual growth rate comparison. The gap between the actual growth rate and sustainable growth rate difference between the two representatives of the actual situation and the ideal situation. As a corporate financial managers，should pay the full attention to the differences between these two growth rates，and make a reasonable response to decision-making. This article will refer to the case of some SMEs at home and abroad to explain the sustainable growth rate of SME financial management.
Key Words：Sustainable growth rate(SGR)；Financial management；SMEs
本文的重点是通过比较实际增长率与可持续增长率的关系，来说明可持续增长率对中小企业财务管理的影响。增长问题一直是企业管理中的难点，增长率过快或过慢都会对企业发展造成不良后果，所以企业必须竭力避免出现这种情况。一旦出现增长过快或过慢就应及时计划合理的财务战略，力挽狂澜。
