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International Comparison Research On MBO

Posted on:2005-07-18Degree:MasterType:Thesis
Country:ChinaCandidate:D H KuangFull Text:PDF
GTID:2156360122975270Subject:National Economics
Abstract/Summary:PDF Full Text Request
Since being introduced into our country ,the MBO ,a means of reformation of the PR, has been given to the special missions: establishing the withdrawing mechanism of state-owned capital, pushing the adjustment of industrial structure and enterprise structure, clearing in meaning the PR of private ,medium or small enterprises. But the MBO in China are now comparatively primitive, put into practice with many prob-lems : the laws and policies are not perfect, the publish of information is not time, target firms are not reasonable, the pricing of MBA are not scientific, financing chan-nel is single and etc.First, this dissertation presents a comparative analysis of MBO practice in typical model nations and regions. The following foreign experiences in MBO practice can be used by China for reference: Policy environment supporting , the high quality entre-preneur, the scientific method of pricing, various financing means , extensively part participation of tagency and etc. Then, this dissertation provides analysis and research on typical cases of MBO in China and foreign countries.In a word ,it presents a comprehensive and systemic analysis on MBO in China and foreign countries,from the followly fire aspects :the background of MBA, the policy environment, the objective firms , the pricing methods, the financing system, find out differences of MBA and the causes of them, and combinating special eco-nomic environment and economic traces of our country, the author puts forward counterplan.These counterplans primarily include:from strengthening laws, enhancing the information to publish, culturing to agency and etc to come to perfect the MBO policy environment on our country;defining objective firms of MBO in realm that the state-owned property is decided to withdraw;with the clean property worth for the foundation, synthesize to consider managers' contribute and the value of control powers with company ,and pass the market mechanism to come for right price of the objective firms;pass growing the organization investor, creative financing tool and optimizing the assistant financial system , establishing the valid withdrawing way of financing etc to resolve the financing problem.
Keywords/Search Tags:Management Buy-out, International Comparison Price, Finance, Countermeasure
PDF Full Text Request
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