管理层收购融资途径研究——MBO基金信托计划  

The research of the financing way of the management buy-outs——Leveraged MBO fund trustee

作　　者：马丽[1] 

机构地区：[1]北京工商大学,北京100037

出　　处：《河北建筑科技学院学报（社会科学版）》2004年第3期101-102,共2页Journal of Hebei Institute of Architectural Science & Technology(Social Science Edition)

摘　　要：在国企改革的进程中,MBO是企业改制的方式之一。随着一部分公司MBO的完成,它越来越为更多公司所青眯,但是在管理层收购过程中资金问题始终是制约MBO运作的关键。首先分析了MBO的融资环境,提出了"MBO基金信托计划"这一融资途径,并从国内的整体市场环境、MBO基金的优势等方面指出了融资的可行性,最后阐述了MBO基金信托计划的运作模式。Under the background of promoting reform of state-owned entrepreneurs, Management Buyout (MBO) has gradually been regarded as one of the reform channels. In recent years MBO had been practised by a few domestic entrepreneurs and more and more companies pay attention to this reform. During the process of MBO, capital is a key problem that restricts the practice of MBO. Firstly, the paper analyzes the financing environments and then offers a practical way named 'Leveraged MBO Fund Trustee' to resolve finance problem. Secondly, according to the domestic market situation, the author discusses the feasibility of financing. At last, the paper explains the operating way of 'Leveraged MBO Fund Trustee'.

关 键 词：管理层收购(MBO) MBO基金 融资 

分 类 号：F832.5[经济管理—金融学]