摘要
在一般含义上,MBO是通过改变产权结构,提高绩效的产权交易手段和资本运作方式进行的,转型国家MBO具有效率提高和财富转移的双重特征。企业家人力资本补偿使MBO具有在中国的特殊含义。智力资本出资是时代赋予MBO的新内涵。超产权论的MBO模型脱离了MBO的基本含义和它在中国的特殊含义。
Commonly, MBO is property right dealing measure by changing property right structure to improving performance, as weU as capital wielding measure. MBO takes on characters both improving performance and transferring wealth in changing type countries. In China, MBO takes on special measnings including compensating for enterpriser's human capital etc. Taking intellect capital as capital is MBO's new connotation. MBO model based on over property right theory deviates its basic meanings and special meanings in China.
出处
《山西财经大学学报》
CSSCI
2006年第2期74-79,共6页
Journal of Shanxi University of Finance and Economics
关键词
管理层收购
产权交易
智力资本
超产权论
MBO
property right deal
inteUcct capital
over property right theory