Exploring the Influence of MBO to Listed Company's Performance

The paper investigates 16 listed companies which were developed through MBO, and finds the difference before and after MBO from three important criterions: ROE、EPS and NAPS. The conclusion is there is no obvious difference before and after MBO, and mean value descends gradually. Then the reason was analyzed: price's fixing is irrational; MBO is inadequate; the way to finance is single and there are no perfect relation laws and supervising mechanism. However, a good future of MBO is expected.