中国现阶段MBO方式的可行性探讨

随着《上市公司收购管理办法》的颁布,MBO目前已成了媒体的焦点,但在中国是否可行,仍需要进一步研究论证。党的十六大的召开,预示着国有资产管理体制将有突破性的变革。为减少政策风险,国有企业应当根据实际情况,在与主营关联度较小的产业领域、新进入领域运用管理层杠杆收购(LBO)的方式降低投资风险、提高企业的管理竞争力。

The exploration to the feasibility of MBO in China at present stage

With the promulgation of the listing company' s merging regulation, MBO has become the focal point of the Chinese media, but further research and discussions will be needed to practise MBO in China. The sixteenth conference of CPC .clearly foretells us that the management system of state - owend assets will have a broken change. The state - owend enterprrises should use LBO measure into the new coming fields and the fields with relatively less the links with its major business according to its actual situation , so as to decrease its investment risks and promote its managing competence.