运用基金方式进行管理层收购所面临的问题

管理层收购 (ManagementBuy -outsMBO)是近期市场所关注的一个热点话题。在我国 ,它被作为国有股减持、明晰企业产权结构、提高企业治理结构效率的一种方式。但是 ,由于我国特殊的产权结构 ,相关法律法规还不健全 ,资本市场并不成熟 ,运用基金方式进行MBO会带来加重企业的负担、令企业家误入歧途、造成国有资产流失、MBO基金套牢等问题。

The Problems in MBO With Funds

Management Buy-outs is hot topic. Many people pay much attention to it. In china, MBO is the efficient way by which Chinese government can reduce strte-owned stocks, separate operation rights from ownership of state enterprises and improve the efficiency of corporation management. But due to special property rights, not healthful law and regulation and capital market in china, MBO fund will bring a series of prblens such as to aggravate the burden of state enterprise, make enterpriser go astray and national property lose, and set fund of MBO corporation and so on.