Research On Performance Of Shuanghui Development Curve MBO

Management Buy-Outs(MBO),first appeared in the United King dom,which was widely used in the United States and European countrie s,and in the late 1990 s began to enter China,mainly for the Chinese s tate-owned enterprise restructuring.Domestic regulators has no clear attitude to MBO.Wandering in corp orate management and national regulators continue the game,by the dir ect acquisition of MBO gradually converted to indirectly acquire,forme d with Chinese characteristics "curve MBO."Firstly,the main foreign theory MBO study summarized and revie ws from reducing agency costs,improve business performance,wealth transfer theory and other aspects,and the present situation of MBO,t he main problem is the overall environment of MBO,and faces curve M BO mainstream problems are analyzed.This paper is selected Shuanghui Group as the case which is the indu stry's leading enterprises in the country have a higher visibility,the curv e MBO caused great repercussions in the country," Foreign capital as B ridge " approach taken in the MBO process is also all walks of life are con cerned.Based on the premise of the research status of MBO,Shuanghui development for the analysis of the case,asset quality before and after t he MBO Shuanghui development by collecting comparison,profitabilit y,solvency and operating changes insufficient capacity and a series of d ata,and focuses on the effect of MBO and analyze the problems expose d in the observation mode MBO in our special environment effects,and exposed the Shuanghui development MBO cases summarized and recom mendations to improve and provide reference laws and regulations to promote the development of China's MBO.