The Current Situation Analysis Of Practice And Operation Countermeasure Discussion Of MBO In China

Management buy-outs (MBO) is a kind of capital operating way change the configuration of corporation ownership and to distribution of control right, and the asset structure of the corporation though buying the share of a targeted company by liability. MBO is not only an innovation in corporation property relation but also the correction of excessive power-fraction of the modern enterprise system that results in acting for too big cost and too big morals risk.Strategic reform of state-owned enterprises and development of private enterprises gives space and chance for the domestic MBO. MBO of state-owned enterprise is one way of the policies of "the state-owned capital retreats and the private capital progresses ", and coordinates with foreign capitals purchase, privately owned enterprise purchase state-owned enterprise, is a kind of important but realistic choice in the strategy of state-owned capital exit. MBO of privately owned enterprise shows more and more effect perfecting corporation governorship. This text combines actual conditions of home and broad with background on " the state-owned capital retreats and the private capital progresses " of enterprise to analysis MBO theory and operating practice, make every effort to look for effectual methods and measures which suits domestic real localization, provide countermeasure and suggestion which can perfect and norm the domestic MBO, hope for the domestic MBO has a healthy and normal development try my best.This text proceeds with concept of MBO, has analysis supporting theoretical foundation, the current situations of practice and characteristics of domestic and international MBO, the benefit to enterprise' s management and administrationand realistic meaning in the state-owned enterprise reform of our country, and has analyzed operation difficulty and risk of each link, and then reciprocally provides the legislation of perfecting MBO of our country, suggestion and countermeasure in the policy and market environment ,etc., finally point out the developing direction and trend of MBO.Because MBO is a complicated system engineering, which involve a lot of questions in operation. If we hold enough confidence and endurance, we can reasonably believe with the practice of relative law and the producing of every measure, the domestic MBO will have a healthy and normal development. It will initiate a new aspect for our economy system reform, and cultivate a series of entrepreneurs with excellent quality and advanced idea.