| Why did MBO once carried on busily but stopped suddenly in March, 2003, the transacting price about MBO which this article need to solve is just one of the important reasons which MBO urgently called to stop. The transacting price is low excessively and leads to the state asset to drain seriously. The article embarks on exploring our MBO road of the development and seeks our MBO scientific pricing method. The article elaborates that the present pricing method is not scientific and Discounted Cash Flow mode is feasible. With fuzzy mathematics thought, using Discounted Cash Flow model evaluates the goal enterprise's value from two aspects -optimist and conservation and obtains the sector limits. About the compensation of managers' history contribution, this article also proposes the quantification model and causes to the managers' history contribution to compensate reasonably. If we solve two major problems, it means that we solve our MBO operational difficulty. The article makes the simple analysis about other correlation factors affecting the MBO price finally, and puts forward the correlate proposal. |
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