An Analysis Of Efficiency Of Management Buyout Based On Envelopment Analysis Model

With the strategic withdrawal of the state capital and the integration of china's market and international market after joining the WTO, Management Buy-out has become one of the commonly used methods in the enterprise's equity acquisition management reform. At the same time, academia is beginning to pay attention to this field, MBO is a new research topic. Through the analysis of MBO's functiong and efficiency, the study aims at evaluating MBO reasonably and endeavors to bring forth the guide for the decision and examination of MBO strategy and supplement for the theory of practical study.The structre of the essay is:firstly introduces the relevant theories of MBO, efficiency and the model of DEA. Then the author uses linear planning software Lingo to compare the integrated efficiency between MBO company and non-MBOcompany based on the Data Envelopment Analysis model of C~2 and C~2 GS~2 from the perspective of management efficiency. The result of study proves MBO can not improve the management efficiency. The MBO's management is no more than the non-MBO's. Finally, based on the conclusions, the paper gives some effective measures to improve the efficiency.The innovation herein is to use DEA model to carry on research to the efficiency of MBO. This method is simple, easy to do and strong reliability. There is incomparable superiority in avoiding the subjective factor and simplifying operation etc.