The Dilemmas and Countermeasures of Management Buyouts (MBO): Theory, Cases, and Operational Solutions

Author: Liu Yan
Publisher:
Publish Date: 2006-10-01
Features: Management Buyout (MBO), as a means of business divestment and exit since the 1980s, has been regarded as an effective tool to reduce corporate agency costs and managerial opportunistic risk costs, improve corporate governance structures, enhance management efficiency, and promote the optimal allocation of social resources in Western countries. It has experienced rapid development and widespread application and has now become one of the important modes of corporate mergers and acquisitions internationally. This book is a specialized theoretical study on corporate acquisitions. Based on a comprehensive absorption of valuable domestic and international MBO perspectives and academic achievements, it closely integrates the current social, market, and legal policy environment to propose a systematic theoretical framework and operational plan for the implementation of MBO in Chinese enterprises. It also provides actionable policy recommendations for relevant government management departments, offering readers significant insights. The author maintains an open and rational research attitude, analyzing MBO's development in China from multiple angles and objectively examining its theoretical and practical challenges, as well as strategies to overcome them. This undoubtedly holds valuable reference significance for enterprises preparing to implement MBO and relevant regulatory authorities.