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Research On Management Buy-out

Posted on:2005-07-09Degree:MasterType:Thesis
Country:ChinaCandidate:L J GuFull Text:PDF
GTID:2156360152466095Subject:Civil and Commercial Law
Abstract/Summary:PDF Full Text Request
Management buy-out originated in the 1980th, and it is widely applied in the England and America those western countries. In our country, Sitong group took the lead in exploring Management buy-out, and became the first one to put MBO into effect. After that, from Meidee to Wangjiale, from Henyuanxiang to Lizhu, Management buy-out began to sweeps across the old earth of HuaXia. In the first chapter of this article, writer expounds the origination of the classic MBO in western briefly, and also discusses the meaning of the classic MBO. Afterwards, in the second chapter, writer draws a conclusion of the practice of MBO in our country, and on this basis discussing the necessity of practicing MBO in our country. Implying MBO not only can low down the agent relation costs, raise the management efficiency. Under the condition of our country, there are further reasons. Put MBO into practice is the inherent demands of country's reform.However, Management buy-out in our country is not conform to regulation in practice, and exposed many problems. In the third chapter, writer tries to find out the origin problem of MBO in our country from the angle of ideology, system and law standard. Although the party's fourteenth meeting has definitely raise, to construct a Chinese characteristic socialist state, the old system of organization can not cleared in one morning or evening. Government of different levels take part in MBO and take two sides identities adds to the indefinition of MBO. What is more, currently we do not have one national law to regulate MBO. In fact, many practice in MBO violate current laws heavily, which deeply effect the norm utilize and theeffect into play. Many local government have carried out papers to engage MBO, however, those regulations are too curse and have not conveyance regulations to push on the practices of MBO. And further more, as those are local papers, the affections are apparently law. So, how to coordinate the practice and current regulation, and work out national regulation to regulate MBO, becomes vital important.At last, writer discusses on the subject and funds, which are the two most outstanding problems of MBO. Tries to put a law frame of MBO. Because of the subjective and objective reasons, this article can only discuss generally, and this is far from the demands of practice. Hoping this article can make foundation for the afterwards MBO researches, in order to pull the MBO in our country 's development.
Keywords/Search Tags:Management buy-out, practice, reason, criticism, regulation
PDF Full Text Request
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