Model zrównoważonego wzrostu przedsiębiorstwa R. C. Higginsa w warunkach zmiennych cen oraz wzrostu majątkochłonności sprzedaży

Abstract

The purpose of this article is to develop the concept of R. C. Higgins sustainable corporate growth to the form applicable under conditions of unstable prices (inflation/deflation) and increasing assets to sale ratio. According to the proposed formulas, the level of sustainable growth rate is not only depending on a level of return on sales, intensity of asset management, capital structure and solutions in the field of net profit distribution, but also on price level changes, assets structure and comparative increasing expenditure on fixed assets.