Pricing Problem Of Management Buyouts Of Listed Companies In China

This text proposes the theme—The pricing question of listed company MBO in our country on the basis of the MBO background at first, then has carried on the general assurance to the theoretical foundation and the fixed price question of MBO in domestic and foreign. After that, from the basis of choosing, participant, intermediary, historical contribution of manager authorities and purchase way, I analyze domestic and international difference of pricing method of MBO. Afterwards, I analyze the existing questions in pricing of listed company MBO in our country, and point out that the purchasing price of listed company MBO of our country is on the low side, the price basis lacks scientific, security market and intermediary are substandard, relevant laws does not perfect and some other 6 problems. On the basis of analysis the question of the listed company MBO of our country as well as contrast and profit from rational pricing basis both at home and abroad, I put forward the countermeasure research of purchasing rational pricing to the listed company MBO of our country, from the state asset management, the consideration of management historical contribution, the cultivation facilitating agency, the introduction the price-compete mechanism, the standard information disclosed, the legal consummation and implemented five aspects in detail to put forward the proposal, and set up a pricing model of the listed company MBO according to Chinese condition.Finally, I do the real example with the case of a company, and draw the conclusions and defects of the model.The author believes that, this text has their certain realistic meanings to the research of pricing of listed company MBO in our country. Say from practicability, to the regulation and development problem of the listed company MBO in our country, especially the key problem —The regulation and perfection of pricing question, I have put forward the feasible suggestion. Theoretically speaking, I establish an enterprise value assessment model which suitable for the listed company MBO in our country. So as to make the pricing problem of listed company of our country can be solved more objective and fair. Though there are defects and not perfect places among them, compare to purely using the net assets method it seems more scientific, it is a kind of try to the pricing problem of listed company of our country.