摘要
我国管理层收购的行为是一种管理层收益,其他利益相关者———股东、债权人、职工等利益受侵害的过程。其根本原因是相关法规不健全,其直接原因是信息不对称、国有资产所有者缺位以及普通职工和小股东处于弱势地位。其后果是管理层收购违背企业共同治理,不利于提升企业的价值,在企业中也有不良的示范作用。
MBO brings benefits to the management, but hurts other related copartners, such as stockers, creditor and workers in China. There are the rooted reason that is incomplete laws and rules and the direct reason that is information asymmetry, being lack of owner of state asset and lower status of small stoekers and workers. The outcome is that the management breaches joint corporate governance, which di minishes the value of the firm and sets a bad model to other firms.
出处
《当代经济管理》
2008年第12期48-50,共3页
Contemporary Economic Management
