20世纪90年代MBO(Management Buy-out)即管理层收购正式引入中国。它在国有企业产权制度改革以及形成有效的企业约束激励机制中起到了一定的作用。本文研究了MBO的现状与发展,以及实施过程中出现的诸如定价,融资,国有资产流失,与相关法律相抵触等问题,并就以上问题提出了对MBO在我国发展的几点建议。 In the 1990s, MBO (Management Buy-out), a management buyout, was formally introduced into China. It played a certain role in the reform of property rights in state-owned enterprises and in the formation of an effective incentive mechanism for corporate constraints. This paper studies the status quo and development of MBO, as well as problems such as pricing, financing, loss of state-owned assets, conflicts with relevant laws that arise during the implementation of MBO, and puts forward some suggestions on MBO development in our country.