广东无名山通信宾馆管理层收购改制方案研究与设计-工商管理专业论文.docxVIP

广东无名山通信宾馆 广东无名山通信宾馆 管理层收购改测方案磷究与设计 研究生：陈德忠 指导教师：叶成炯。副教授 摘 要 本论文研究以管理瑟牧购基本理论巍鏊戳，以广东害菜藿霄嶷馆为分辑对 象，掇出了管理层收购改制方案，并对该企业宓施管理层收购的作法与经验进 行了系统全面的总结，为阐有中小企业，特别照国有大型企业的愈资分子公司 的管理艨收购提供了一个W供操作参考的范例。作者认为： (1)成功的管理 层蚊麴寝遵獯合法性、援蕊链原建；确保国蠢资产傈僮、增篷藏粥；兼蹶各方 利益激期：有拳l予嚣据众渡稳定积霹持续笈髅簸剩；遵锤走铡等箍硫静原到； (2)成功的管理层收购，离不开潜在买方、潜在卖方、目标公司的拭同参与和 通力协作。因此，制定和躲施管理层收购方粜，必须对买方、卖方和目标公司 进行分析。(3)应根据备方实际情况，选择邋当的收购方式； (4)选择规范 的撩佟模式，朝应选择逶疯靛收购资金组合方姨、科学邋赛定鞋搽公司翦股权 结稳、稀学逢遗行牧辩定徐；(5)应审揍辩耱渡魏串霹戆窭瑗戆露欢强险、定 价风黢、经营风险、法棘风险等各种风险。 焚键词：管理层收购改制方案设计 The The study and design of management buy—out scheme for Guangdong Wumingshan Communication Hotel Postgraduate：Chen dezhong Superv i sor：Ve chengjiong Abstract After analyzing a state-own hotel in Guangdong province and on the basis of theory of management-buyout(MBO)，the thesis put forward all MBO scheme for the hotel，made a systematic and comprehensive summary ofthe operations and set up a valuable example for management-buyouts of small and medium state-own enterprises．especially for that of the branches of large—sized ones．The writer concluded the experiences as follows： 1)A successful MBO must be legal and regular and must ensure keeping and increasing the value of state properties．It should balance the interests of relevant sides and help the target company to steadily and continuously． 2)The seller，the buyer and the target company should be thoroughly researched and analyzed while designing and operating the scheme，since the success ofMBO relies on full participation and cooperation between them． 31 The operation mode of MBO should be in accord with the situations of relevant participants． 4)It is critical to chose a proper fund mixture，define a suitable share structure and follow scientific pricing． 5The potential risks of MBO operations must be handled and considered with great care． Key word：MBO reform scheme design 蹬川大学1999缀EMBA硕士论文 蹬川大学1999缀EMBA硕士论文 第l页 削 面 选择稔警懿经营者著怼经鬻誊遘聿亍有效兹激励麴慕是嚣健