管理层收购(MBO)是一种国际上比较常见的企业并购方式,在激励内部人员积极性、降低代理成本、改善企业经营状况等方面起到了积极的作用,获得了广泛的应用。本文试图结合我国的实际情况来分析管理层收购的理论与实践,指出我国管理层收购中出现的问题,并提出一系列的对策建议,使该制度更好的与我国的国情相适应。 Management buyout (MBO) is a kind of common M & A way in the world. It plays a positive role in motivating the internal staff, reducing the agency cost and improving the business condition of the enterprise, and has been widely used. This article attempts to analyze the theory and practice of MBO according to the actual conditions of our country, point out the problems that emerged in the MBO of our country, and put forward a series of countermeasures and suggestions to make it fit the national conditions of our country.