企业是现代微观经济的基本单位,企业增长状况决定着国民经济的发展状况及水平。然而从理财的角度看,增长并不总是好事,快速增长会使公司的资源变得非常紧张,特别是在公司的主权资本扩充受到限制时,由增长所产生的现金流入不能满足流出时,面对增长只能依靠债务杠杆来满足日益增长的现金需求,使企业最终达到负债极限。国外研究表明,因增长 Enterprises are the basic unit of modern micro-economy. The growth of enterprises determines the development and level of the national economy. However, from a financial point of view, growth is not always a good thing. With rapid growth, the company's resources will become very strained. Especially when the expansion of the company's sovereign capital is limited, the cash inflow caused by the growth can not meet the demand of the outflow. The face of growth can only rely on debt leverage to meet the growing cash demand, so that enterprises eventually reached the debt limit. Foreign studies show that due to growth