中国国有企业MBO定价问题研究

本篇论文包括:开题报告,中英文摘要,论文,目录,文献综述,大纲 论文编号:CW003   字数:16576,页数:33

摘  要
     MBO作为一种全新的国有企业改制方式被我国国有企业广泛采用，并且在降低代理成本,加速中小企业改制等方面起到了十分重要的作用。但是，由于我国资本市场不健全、法律制度不完善，MBO在我国仍是新生事物，操作过程中还存在许多问题。其中定价问题是管理层收购争议的焦点，也是管理层收购的核心问题。
本文从我国相关的股权转让定价政策出发，通过分析我国国有企业MBO的定价现状、影响定价的因素以及存在的主要问题，指出以每股净资产值为基础的定价机制是不合理的，应当采用市场定价机制，同时引入竞价机制。更重要的一点是要建立和完善一个合理、透明的交易过程以及公平定价的法律体系。

关键词：国有企业 管理层收购 定价 定价机制

Abstract
MBO has been adopted extensively as a kind of brand-new reform way in state-owned enterprises reform. MBO has very important meanings in acceleration reforming system of small and medium-sized enterprises, arousing the enthusiasm of staff and improving managerial skill. But we should also realize that, As Chinese capital market and legal system is not perfect, the relevant rules have yet not to be established. At present, MBO has still facing many issues in China. In these issues, pricing problem is the core issue in Management buy-out. This dissertation analyzed the current situation and problems of MBO pricing in Chinese state-owned enterprises.
This dissertation analyzed the current situation , impact on Pricing and problems of MBO pricing in Chinese state-owned enterprises, pointed out that the transfer pricing of MBO in Chinese state-owned enterprises had been not fair. We should adopt the market Pricing mechanism and competition mechanism at the same time. But the more important thing is that we should establish and perfect a reasonable and clarity dealing process and legal system of fair Pricing in China.

Keywords: State-owned enterprises Management Buy-out（MBO） Pricing     mechanism

目  录

一、导言 ............................................6
（一）、选题的研究背景 ..............................6
（二）、选题的研究意义.............................. 6
（三）、选题的研究方法及框架 ........................7
二、我国国有企业MBO定价现状 .........................7
（一）、国有企业MBO相关界定 .........................7
1、国有企业界定..................................... 7
2、MBO界定.......................................... 8
（二）、我国国有企业MBO定价现状 .....................8
1、我国股权转让的定价政策 ...........................8
2、我国MBO定价实践 ..................................10
三、我国国有企业MBO定价问题分析 .....................11
（一）、国有企业MBO定价影响因素 .....................11
1、MBO参与者对定价的影响 ............................11
2、管理层贡献对定价的影响 ...........................12
3、国家相关政策法规对定价的影响 .....................12
（二）、国有企业MBO定价中存在的主要问题 .............13
1、定价机制不科学 ...................................13
2、收购价格的谈判缺乏透明度 .........................15
3、对管理层的贡献不能科学的衡量 .....................17
（三）、国有企业MBO合理定价的建议 ...................17
1、完善定价机制，建立多方竞价格局 ...................17
2、提高谈判过程中的透明度与原则性 ...................19
3、科学衡量管理层的贡献 .............................19
4、创造实现公平合理定价的法律制度环境 ...............20
四、总结............................................ 21
附录 ................................................22
文献综述............................................ 22
参考文献 ............................................32
致谢 ................................................34

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