MBO的中外比较

• 作 者: 华欧
• 出 处: 中国乡镇企业
• 发表日期: 2004年02期
• 关键词: 上市公司 内部人控制现象 自我约束机制 外部监管机制 企业经营状况 管理层收购 资产流失 融资渠道 国外企业 管理部门 代理成本 极性 激励

本刊以前曾刊发过有关管理层收购的文章,一些处于改制进程中的企业对此有着很浓厚的兴趣。研究者们通常只就我国MBO的不规范等问题进行探讨,但毕竟这是发端于西方的一件事物,我们还是有必要从它的起源及发展等方面来探讨那些功过成败后面的更带有实质性的东西。为此,我们本期刊发华欧的文章,意在通过比较中外在实行MBO过程中的异同,来促进我们吸收其合理内核,希望能因此而更有益于对此感兴趣的读者。

The magazine has previously published articles on management buyouts, and some enterprises that are in the process of restructuring have a strong interest in this. Researchers usually only discuss issues such as the irregularities of China’s MBO, but after all, this is a thing that originated in the West. We still need to explore the origins and development of the MBO. There are substantial things. For this reason, our article in this issue of Hua-Europe is intended to promote our absorption of a reasonable core by comparing the similarities and differences between China and the outside world in the implementation of MBO, hoping to be more useful to readers interested in it.