我国上市公司 MBO 问题的研究郭晋(经济管理学院 会计系 会计学 2008-01 班 山西省 太原市 030024)【摘 要】管理层收购(Management-Buy-out，简称 MBO)，是指目标公司的经理层或 管理者利用借贷融资控制或买断公司的股份，已达到改变公司的资产结构、所有者结构和控制权结构，使公司原经营者变成企业所有者的一种收购行为。由于管理层收购在激励内部人员积极性、降低代理成本、改善企业经营状况等方面起到了积极的作用，因而它成为 20 世纪 70-80 年代流行于欧美国家的一种企业收购方式。对中国企业而言，MBO 最大的魅力在于能理清企业产权，实现所有者回归，建立企业的长期激励机制，这是中 国 MBO 最具鲜明的特色。 【关键词】管理层收购 上市公司 激励机制 国有资产目 录文献综述································································································1一、选题背景及意义········································································- 5 -（一）选题背景··············································································- 5 -（二）选题意义··············································································- 5 -二、国内外研究动态········································································- 6 -（一）国内外发展的历史及现状·························································- 6 -（二）国内外理论···········································································- 9 -三、论文研究的基本框架和内容····················································...
