转换风险 meaning in English

operation exposure
translation exposure

Then it introduces the three ways of " the state - run capital withdraws from the state - owned enterprise , while the non - state - owned capital is entered " for state - run small and medium - sized enterprises in china - - the foreign capitals purchasing and combining , purchasing by non - government enterprise and mbo . and finally it introduces the definition of mbo , its significance and general process of development in china , the characteristics of foreign mbo and its enlightenment for mbo in china . part two summarizes firstly the risks met during the process of operating mbo
论文的第二部分,笔者在详细研究的基础上,首先总结了我国国有中小企业在具体操作mbo的过程中所遇到的风险,分别阐述了mbo操作前的理论风险、法律风险、中介机构风险、政府风险和市场退出机制风险;操作中的收购主体风险、定价风险、资金来源风险、管理层的道德风险和员工角色转换风险;操作后的还款风险、提高企业绩效风险、管理风险、反收购风险和内部人控制风险。