企业不同生命周期现金流量研究——基于2012年浙江创业板上市公司的调查摘 要：本文通过运用文献研究法、比较研究法研究分析创业板上市公司不同生命周期自由现金流量有关概念和理论、以及在报表分析中的作用，探讨进行如此分析的意义和在财务管理中的应用情况。通过以上研究明确国内外对于企业生命周期自由现金流量研究的特点和局限性，了解企业生命周期今后发展的趋势以及导致生命周期自由现金流量指标在企业发展中应用困难的原因，使我们对自由现金流量更为了解。再通过案例研究法，将创业板上市公司作为研究样本，根据符合条件的企业各个时期自由现金流量的特点对企业的现状进行分析，确定企业所处的生命周期阶段，并根据现阶段的特点在投资、经营业绩评价等过程中给予重要的建议。关键词：创业板上市公司；自由现金流量；生命周期Abstract ： In this paper, through the use of comparative literature research method, research method research and analysis of the growth enterprise market of listing Corporation in different life cycle of free cash flow, as well as the relevant concepts and theories in the report analysis, to explore the application of such analysis the significance and in financial management. Through the above research clearly at home and abroad for the characteristics and limitations of the study of enterprise life cycle free cash flow of enterprise life cycle, understand the development trend of the future, as well as the cause of life cycle free cash flow index application difficulties in the development of enterprises, make us more understanding of the free cash flow. Through the case study method, will do poineering work board the listing Corporation as a research sample, according to the analysis of the eligible enterprises in different periods of free cash flow characteristics of the current situation of enterprises, determine the life cycle stages, and according to the characteristics of the present stage in the investment, b...
