万科企业股份有限公司财务可持续增长研究摘要随着国际竞争日益激烈，企业的财务可持续增长问题受到广泛的关注，在现代经济社会中，房地产业横跨生产、消费、流通三大领域，涉及众多的行业，在国民经济体系中处于基础性、先导性和支柱性的地位，对国家的经济发展起着重要的作用，能够推动城市开发，进行现代化建设，带动相关产业发展，促进经济增长，增加财政收入。在企业总体资源有限的情况下,一味地追求规模的扩大、资产的扩充、销售的高速增长,结果并不一定是企业价值的增加,反而有可能大大减少企业的现金流量,从而降低企业的营运能力与偿债能力,使得企业陷入困境。财务资源、能力及信息是实现财务可持续增长管理的基础。企业要实现财务可持续增长,就必须要有一定的财务资源、能力及信息。财务资源数量的多少,直接决定财务可持续增长速度的上限;企业财务行为活动能力的强弱,影响企业财务资源效能的发挥,并最终影响财务可持续增长率;财务信息的完整性、及时性及透明度,是确保企业财务决策活动正确的前提条件。万科企业股份有限公司是房地产行业的龙头企业，通过对万科企业股份有限公司的财务可持续增长的分析，找出影响其财务可持续增长的主要因素，分析万科企业股份有限公司存在的问题，提出相应的解决建议，为其他房地产公司提供借鉴。关键词：财务可持续增长，万科，财务指标，竞争，决策ChinaVankeCo.,ltd.financialsustainablegrowthABSTRACTAlongwiththeincreasinglyfierceinternationalcompetition,enterprise'sfinancialsustainablegrowthhasreceivedmuchattention,inthemoderneconomicsociety,therealestateindustryacrossthreeareasofproduction,consumptionandcirculation,involvedinmanyindustries,inthenationaleconomyinabasic,pilotandbackboneoftheposition,thecountry'seconomicdevelopmentplaysanimportantrole,topromoteurbandevelopment,modernize,drivingthedevelopmentofrelevantindustries,promoteeconomicgrowthandincreaserevenues.Overallintheenterpriseundertheconditionoflimitedresources,blindlypursuescaleexpanding,theexpansionofassets,salesofhigh-speedgrowth,theresultisnotnecessarilytheincreaseofenterprisevalue,itcouldgreatlyreducethecashflowoftheenterprise,andreducestheoperatingcapacityanddebtpayingabilityoftheenterprise,makeenterpriseintrouble.Financialresources,ability,andinformationisthefoundationoffinancialsustainablegrowthmanagement.Enterprisestoachievefinancialsustainablegrowth,theremustbeacertainamountoffinancialresources,ability,andinformation.Financialresourcesquantity,directlydeterminethefinancialsustainablegrowthspeedlimit;Abilitystrongandtheweak,theenterprisefinancialactivitiesaffectingtheefficiencyoffinancialresources,andultimatelyaffectthefinancialsustainablegrowthrate;Theintegrityoffinancialinformation,timelinessandtransparency,istoensurethatthepremiseofenterprisefinancialdecision-makingactivitiescorrectly.ChinaVankeCo.,Ltd.Istherealestateindustryleadingenterprises,throughtheChinaVankeCo.,ltd.offinancialsustainablegrowthanalysis,findoutthemainfactorsaffectingitsfinancialsustainablegrowth,analysisofChinaVankeCo.,Ltd.TheexistingproblemsandputforwardthecorrespondingsolutionSuggestions,providereferenceforotherrealestatecompany.KEYWORDS：financialsustainablegrowth,vanke,financialindex,competition,anddecisionmaking目录1前言..............................................................11.1研究的背景及意义.........................................11.1.1研究的背景.........................................11.1.2研究的意义.........................................11.2国内外研究现状...........................................21.2.1国内研究现状.......................................21.2.2国外...
