论文部分内容阅读
目前,实施管理层收购(MBO)的上市公司正逐渐增多,具体来看,有三大问题必须引起有关部门的重视。 第一个问题就是收购价格低于公司每股净资产。实际上,由于目前MBO缺乏相关的政策指引,不少上市公司股权的转让价格仍是少数领导拍脑袋得出的结论,或是内部高管员工与地方政府单边谈判的结果。因此,如何公平、合理地确定管理层收购的价格是防止、避免集体与国有资产流失的关键。
At present, the number of listed companies that implement MBO is gradually increasing. Specifically, there are three major issues that must be brought to the attention of relevant departments. The first problem is the purchase price is lower than the company's net assets per share. In fact, due to the lack of relevant policies and guidelines of the MBO, the transfer price of a number of listed companies is still the result of a few heads of state or the result of unilateral negotiations between senior executives and local governments. Therefore, how to fairly and reasonably determine the price of MBO is the key to prevent and avoid the loss of collective and state-owned assets.