Question

求财会类英语高手！翻译一下论文摘要

管理层收购（Management Buy-outs, MBO)是杠杆收购（Leverage Buyouts, LBO)的一种。由于管理层收购在激励内部人员积极性、降低代理成本、改善企业经营状况等方面起到了积极的作用，自20世纪70年代末期在资本市场比较成熟的西方发达国家被广泛使用。该现象是由英国经济学家麦克·莱特（Mike Wright）于1980年发现并进行较为规范定义的，至今已有30余年。
MBO的出现并不是偶然，它与股票市场的涨幅以及当时公司的并购浪潮有着非常密切的联系。本文主要对管理层收购的含义、意义、特征及动机进行介绍，并对企业实施MBO中出现的财务问题进行研究并提出对策。

Answer 1

是这样的：
Management buy-outs (Management Buy outs, MBO) is a leveraged buy-out (Leverage Buyouts, LBO). Because of the management buy-out in stimulating internal personnel enthusiasm, reduce agency cost, improve enterprise management has played a positive role, since the late 1970 s in the mature capital market of western developed countries are widely used. The phenomenon is by the British economist Mike Wright (Mike Wright) discovered in 1980 and for more specification defines, it has been more than 30 years. MBO is not accidental, it with the wave of mergers and acquisitions the gains of the stock market and the company has a very close relationship. This article mainly about the meaning of management buy-out, introduces the meaning, characteristics and motivation, and to the enterprise financial problems in implementing MBO are studied and countermeasures are put forward.
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