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MBO(管理层收购)是近期市场所关注的一个热点话题,虽然目前来说真正实施了MBO的公司不多,可在投资者中造成的影响却绝对不能小视,它大大地动摇了投资者对股市的投资信心。而在笔者看来,管理层收购更像是一种以权谋私行为,给经济领域的腐败行为留足了滋长空间。 MBO本是国际上企业并购浪潮中的一种反收购手段,那些不愿意由外部资本进入和重组本公司的管理者或经理层利用借贷所融资本购买本公司的股份,使公司的控制权继续掌握在熟悉本公司经营状况的管理者或经理层手里,从而避免
MBO, a management buyout, is a hot topic of recent interest in the market. Although few MBOs are actually implemented, the impact on MBO investors must not be underestimated. It greatly shakes investors' Investment confidence in the stock market. In the author's opinion, MBO is more like an act of seeking personal gain and giving enough room for corruption in the economic field. MBO is an anti-takeover measure in the wave of international mergers and acquisitions (M & A). Those managers or managers who are reluctant to enter and reorganize the Company by external capital use the borrowed capital to purchase the shares of the Company, so as to keep the Company's control over Mastered in the hands of managers or managers familiar with the company's operating conditions in order to avoid