The Theoretical Relationship between the Strategic Objective of Sales Growth and the Financial Policy of the Entrepreneurial Firm
构建了一个简化理论模型，将创业企业的销售增长战略目标与资本结构、股利政策目标整合，揭示了这些战略与财务目标之间的强相互依赖性，并指出最终目标应是管理这种关系而非最大化销售增长。
ANDREAS MERIKAS IS WITH THE Department of Finance, Mississippi State University, Garry D. Bruton with the Department of Management and Marketing, University of Tulsa, Oklahoma, and George S. Vozikis holds the Alvan H. Chapman Jr. Chair in Business Administration, at The Citadel, Charleston, South Carolina, all in the United States of America. The purpose of this paper is to develop a simplified theoretical model which integrates an entrepreneurial firm's strategic objective of sales growth with its capital structure and dividend policy objectives. Several theoretical relationships are developed betweent hese strategic and financial objectives, showing their strong interdependency, and the fact that the ultimate goal should be the management of this relationship rather than the maximisation of sales growth.