Henselmann, Klaus Schrenker, Claudia Winkler, Nadine
Year of Publication:
Working papers in accounting valuation auditing 2010-9
Due to judicial decisions the stock market prices are deemed to be the lower value limit in determining the compensations within structural measures according to German stock corporation law (e.g. squeeze-out of minority stockholders). By applying other valuation methods, in particular the income approach, a higher value than the stock market price could be relevant to fix the amount of compensation. The paper analyzes expert reports on determining the adequate compensation. The study is supposed to provide an insight into the valuation practice in the recent past.
Barabfindung Börsenkurs Beherrschungs- und Gewinnabführungsvertrag Aktienrecht Strukturmaßnahmen Ertragswert Rechtsprechung Compensation Stock Market Price Squeeze-out Control and Profit and Loss Transfer Agreement German Stock Corporation Law Income Approach Judicature