【摘要】 尽管中西方都存在MBO,但背景和具体操作过程却完全不同。目前,我国MBO的定价方式存在着许多缺陷,如定价透明度差、定价动机异化、净资产定价法极不合理等。应对净资产定价法、特别委员会制度、公开竞价机制、管理层贡献补偿和无尴尬条款等问题进行深入的探讨,搭建以合理的估价方式为基础、相当的主体对垒为格局、充分的市场竞争为主体、适当的贡献补偿为特点、并辅以事后补救措施的MBO公允定价机制。更多还原

【Abstract】 Although MBO exists in both China and western countries,the background and operation are totally different.Currently,the way of pricing methods of China’s MBO has many defects such as bad pricing transparency,dissimilated pricing motive,unreasonable net asset pricing method and so on.The issues such as the pricing law of net-assets,the system of special committee,the open tendering system,compensation for contribution of management and un-awkward provisions and so on should be studied more thoroughly so that a fairly-priced mechanism shall be established based on a fairly—appraised method,with equivalent adversaries as structure,adequate market competition as main content,proper compensation for contribution as the main feature and with proper subsequent remedial measures.更多还原