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Open Access. Powered by Scholars. Published by Universities.®

2003

California State University, San Bernardino

Corporate Finance

Management buyouts -- China

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Full-Text Articles in Business

Management Buyout In China, Wei Dai Jan 2003

Management Buyout In China, Wei Dai

Theses Digitization Project

China's different economic environment, government infrastructure, and legal system might cause different management buyout procedures and results from management buyout procedures in the United States. Management buyout was originally created to increase efficiency and reduce agency cost in the United States in the 1960s; but management buyout in China is merely a tool to provide incentive programs for current management teams and reduce state-owned corporate shares.