Empirical Study on MBO Performance of Listed Companies in China

In order to provide necessary evidences for the MBO policy setting in China,adopting 16 financial indexes and based on the financial data in the time interval from t-3 to t+3,this dissertation analyzed empirically the short-term performance and long-term performance changes of the listed companies in China which carried out MBO from 1997~2004.The result showed that the MBO performance improved only in a short run,while the long-term MBO performance,such as the profitability,solvency,operating capacity and growth ability,all become worse to a certain extent.Therefore,it is questionable that MBO has a positive effect on the performance of the listed companies in China.