Abstract: This paper makes an empirical analysis on performance of chinese listed companies from the per spective of MBO by synthetical appraisement method based on financial and aocountant data. In this thesis, the author empirically analyze the 13 MBOs which happened among listed companies of China and compare MBO performance with M&A performance, Positive analysis shows that at least in a short period, MBO performance will be ignorable , and MBO resource integration risk is little.