论文部分内容阅读
MBO,即Management Buy-out,意为管理层收购,主要内容是指公司管理层利用借贷所融资本或股权交易来收购其所经营的公司的行为。这种收购不仅能实现企业经营者到企业所有者的转化,而且也能更合理、更充分地评价与体现企业管理层的人力资本价值,并在此基础上实现企业发展过程中的信心感、安全感、成就感三者的统一。MBO运作方式的发展现状分析 MBO运作方式最早兴起于二十世纪60、70年代,经历过经济危机和股市泡沫洗礼之后的西方各国,作为杠杆收购的一种,它被
MBO, which is Management Buy-out, means MBO. The main content refers to the behavior of company management using the borrowed money or equity transactions to buy the companies it runs. This acquisition can not only realize the transformation from business operator to business owner, but also can evaluate and reflect the human capital value of business management more rationally and fully, and based on this, realize the confidence in the development of the business, Sense of security, sense of accomplishment, the unity of the three. MBO mode of operation of the development of the status quo Analysis MBO mode of operation first emerged in the 1960s and 1970s, after the economic crisis and the stock market bubble after the Western countries, as a leveraged buyout, it was