MBO'S Impact On The Performance Of Chinese Listed Companies

This report focuses on MBO's impact on the performance of listed companies in China. Based on the wide and deeply investigation and research on a part of listed companies in 1999 to 2002, plenty of data are here, a wholly process of MBO preparation and implementation is displayed, and also many special theories and approaches are put into use to make the base for demonstration.With lots of contrast and analysis, the writer draws a conclusion as follows , (1) There is a little weak relationship between the implementation of MBO and the changees of share price in the corresponding period, MBO's impact on the share price of the company is very little, or limited ,(2) MBO has an obvious and positive impact on the performance of the company in the same year, (3) Relative to the structure of company governance, the dividend policy is very common in the companies after MBO, and at the same time, they can control the dividend rate in a reasonable level, for make a preferable balance between short-time benefit and long-time returns.