MBO urged that the planning process, traditionally done by a handful of high-level managers, should be delegated to all members of the organisation.
MBO主张计划过程——传统方式下是由少数几位高层经理制定的，应该委托给组织中的所有成员。
Chapter III, the law principle of MBO.
第三章，管理层收购的法律原则。
During the late 1990s, MBO appeared in China.
90年代末管理层收购开始进入中国。
So the operation of MBO urgently needs regulating and improving.
因此，MBO行为亟待规范和改进。
For instance, share pricing is one of the difficult problems of MBO.
譬如，股权定价问题就是MBO操作的难点。
Finally, MBO can also really realize the maximum value of the entrepreneur.
最后，管理层收购还能够真正实现企业家的价值。
The potential risks of MBO operations must be handled and considered with great care.
应审慎对待收购中可能出现的行政风险、定价风险、经营风险、法律风险等各种风险。
Therefore, there are important realistic meanings in the study on MBO price mechanism.
因此，对MBO交易价格机制的研究有着重要的现实意义。
Chapter 2 analyses the problems and causes of them in MBO operation in the enterprise.
第二章对企业目标管理运行中的问题及产生根源进行了具体的分析。
MBO maybe provides us a good way for decreasing agency cost and enhancing productivity.
MBO为我们提供了一条新的思路，它能较好地促进产权明晰，降低代理成本，提高生产力。
MBO helps to perfect the property right structure of enterprises further and encourage the managers.
MBO有利于进一步完善企业产权结构，激励经营者。
MBO can take an active role in the corporate governance of the listed company, but the role is limited.
管理层收购对上市公司的治理结构等方面有积极的作用，但同时也存在一定的局限性。
This paper analyzes the stock price reactions to management buyout (MBO) in China with some case studies.
本文采用标准事件研究法来考察管理层收购（MBO）在中国证券市场的股价反应。
At very beginning, MBO was endowed with special mission-solving the problem of enterprises' property right in China.
从一开始，我国企业实施的MBO就已经被赋予了特殊的使命——解决企业产权问题。
This paper makes a concrete analysis of the motive of listed firms MBO in empirical method in term of governance factor.
本文从治理因素的角度，采用实证的方法具体分析了我国上市公司管理层收购的动机。
The analysis on MBO of Aomei reveals its whole MBO process and several questions worth discussing throughout the process.
通过粤美的MBO的分析，揭示了粤美的MBO的整个过程以及在这一过程中值得探讨的几个问题。
MBO will be helpful in decreasing agent cost, adjusting the structure of company, and solving the problem of property rights.
MBO对降低代理成本、调整企业结构、解决产权不清问题有着重要的意义。
Moreover, it brings about typical problems, from different aspects, which await urgent settlement in the MBO process of China.
从不同角度提出了我国MBO过程中亟待解决的问题。
MBO in China is a special civil legal action, which is adjusted by civil law and economic law, with thick administrative color.
从法律性质上分析，我国管理层收购是一种特殊的民商事法律行为，受民法和经济法双重调整，且带有浓厚的行政色彩。
MBO is favorable to the adjustment of enterprise's property right structure of our country. It sets up modern enterprise system.
MBO有利于我国企业产权结构的调整，建立现代企业制度。
MBO is favorable to the adjustment of enterprise's property right structure of our country. It sets up modern enterprise system.
MBO有利于我国企业产权结构的调整，建立现代企业制度。
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