So the operation of MBO urgently needs regulating and improving.

因此，MBO行为亟待规范和改进。

For instance, share pricing is one of the difficult problems of MBO.

譬如，股权定价问题就是MBO操作的难点。

However, because of some reasons, there are also some problems in MBO.

但是，在MBO的过程中，由于种种原因，也出现了很多问题。

Finally, MBO can also really realize the maximum value of the entrepreneur.

最后，管理层收购还能够真正实现企业家的价值。

Define targets for each subordinate in line with the company's MBO formats.

定义符合公司M BO要求的每个下属的目标。

Therefore, there are important realistic meanings in the study on MBO price mechanism.

因此，对MBO交易价格机制的研究有着重要的现实意义。

However, problems emerged in MBO practice have also attracted broad attention of all circles.

但在MBO实践中暴露出的问题也引起了各界的广泛关注。

MBO helps to perfect the property right structure of enterprises further and encourage the managers.

MBO有利于进一步完善企业产权结构，激励经营者。

MBO can take an active role in the corporate governance of the listed company, but the role is limited.

管理层收购对上市公司的治理结构等方面有积极的作用，但同时也存在一定的局限性。

Only by removing the equity basis that gives rise to wealth transfer, can our MBO be made value-crating.

只有消除产生财富转移的股权基础，我国MBO才能够真正实现价值创造。

MBO model based on over property right theory deviates its basic meanings and special meanings in China.

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。

This paper analyzes the stock price reactions to management buyout (MBO) in China with some case studies.

本文采用标准事件研究法来考察管理层收购（MBO）在中国证券市场的股价反应。

Secondly, trust institution sets up MBO plan to raise money from public, grants loans to management group.

其二、信托机构设立MBO信托计划，向社会筹集资金，作为融资方为管理层收购提供资金；

The purchase process is not open enough and often at very low price, which leads to public confusions with MBO.

收购过程不透明，且收购价格过低，这是人们对管理层收购的两大质疑之处。

Nowadays, Management Buy-out (MBO) is a kind of quite controversial enterprises' merging and acquisition way in China.

管理层收购(mbo)是我国目前是颇具争议的一种企业并购方式。

This paper makes a concrete analysis of the motive of listed firms MBO in empirical method in term of governance factor.

本文从治理因素的角度，采用实证的方法具体分析了我国上市公司管理层收购的动机。

The analysis on MBO of Aomei reveals its whole MBO process and several questions worth discussing throughout the process.

通过粤美的MBO的分析，揭示了粤美的MBO的整个过程以及在这一过程中值得探讨的几个问题。

MBO will be helpful in decreasing agent cost, adjusting the structure of company, and solving the problem of property rights.

MBO对降低代理成本、调整企业结构、解决产权不清问题有着重要的意义。

MBO in China is a special civil legal action, which is adjusted by civil law and economic law, with thick administrative color.

从法律性质上分析，我国管理层收购是一种特殊的民商事法律行为，受民法和经济法双重调整，且带有浓厚的行政色彩。

On the other hand, trust is able to function in MBO because it has some financial intermediary functions that are beneficial to MBO.

同时，由于信托本身的金融中介功能，也应该在MBO实施中发挥作用。

Through MBO, the potential efficiency of manager can be released, the market value can be improved and more excess profit can be obtained.

通过MBO后管理层的努力-可将潜在管理效率释放出来，提高公司市场价值，获取更多利润。

Through implement of MBO in the past, it has exposed a lot of question, such as purchasing main part, purchasing price, purchasing fund hazard.

笔者对以往实施MBO所暴露出许多诸如收购主体、收购价格、收购资金风险等问题及对策提出拙见。

It expounds the inspiring and binding role of MBO. It points out that MBO is a long - term inspiring and binding mechanism for listed companies.

进而阐述了MBO对经理层的激励约束作用，指出M BO是上市公司的一种有效长期激励约束机制。

MBO urged that the planning process, traditionally done by a handful of high-level managers, should be delegated to all members of the organisation.

MBO主张计划过程——传统方式下是由少数几位高层经理制定的，应该委托给组织中的所有成员。

This paper makes analysis on the main factors influencing the financial risks, and puts forward some measures for preventing the financial risks of MBO.

文章对影响财务风险的主要因素进行了分析，提出管理层收购如何防范财务风险的措施。

Management by objects (MBO) is a set of (management) regulatory regimes formed on the basis of Taylor's scientific management and behavior or science theory.

目标管理是以泰罗的科学管理和行为科学理论为基础形成的一套管理制度。

The main proposal in this chapter is to investigate and appraise MBO how and in what level to improve corporate governance structure and alleviate agency problems.

本章的主要目的是考察并评价公司管理层收购在改善公司治理结构方面，特别是在确定它能够在多大程度上缓解因管理层控制而产生的代理问题。

At last, the paper analyzes the problems that China's listed companies met when they carried out MBO and it brings forward corresponding countermeasures and advice.

最后，分析了我国上市公司实施MBO存在的问题，提出了一系列相应的对策和建议。