管理层收购是目标公司的管理层利用借贷资本购买本公司的股份,从而改变公司的所有者结构和控制权结构,使企业经营者变成所有者的一种收购行为。在我国,MBO被视为国企改革中一种明晰产权的手段,本文分析了MBO在我国的变异和现状,存在的市场风险、机制风险、价格风险、操作风险和管理风险问题以及针对这些风险的防范和控制. Management buyout is the acquisition by the management of the target company of borrowers’ capital to buy shares of the Company, thereby changing the ownership structure and control structure of the company and turning the business owner into an owner’s acquisition. In our country, MBO is regarded as a kind of clear property right in SOE reform. This article analyzes the variation and current situation of MBO in our country, the existing market risk, mechanism risk, price risk, operational risk and management risk, Prevention and control.