Research On Problem Of MBO In Small And Medium-sized State-owned Enterprises And Countermeasures

MBO originated from western countries which have the well-developed capital markets. It is one sort of LBO. It is a behavior that the company's internal managers buy company stock through their own capital or exterior financing and make the control power transfer from big stockholders to managers.Because MBO is still a newborn thing in China, the laws and the system for its actualization haven't been wholesome, the procedures and the price set methods haven't been standardized, the financing measures haven't been perfect, the instance of damaging the country, stockholders, staff members and creditors happens now and again. But it has many positive effects on the small and medium-sized state-owned enterprises. It helps to push the property rights reform, solve the problem of owner missing, internal manager control, agent cost reduce, accelerate the industrial structure adjustment of stated-owned enterprise, have something...