Root theory
The root theory is a method for the valuation of a company according to which only future developments that have not yet materialized at the time of valuation, but are already in the core ("in the root"), are to be taken into account. This means that facts are excluded from consideration that have their roots only after the valuation date. Measures such as an implementation resolution by the company's management are to be understood as the root. A development is created when it can already be recognized by an expert.
The root theory is particularly relevant for the calculation of severance payments under commercial law and for company acquisitions and is always important if there is a longer period of time between the valuation date and the actual implementation of the valuation.
Individual evidence
- ↑ Rolf Sethe, Philipp Weber: The root theory as a means of correcting company valuations according to the income value method. In: GesKR 2/2010. 2010, accessed August 11, 2015 .
- ^ Basic Federal Court of Justice , judgment of January 17, 1973 - IV ZR 142/70, NJW 1973, 509 ff.
- ↑ Hopt, Klaus , in: ders., Merkt, Hanno , Baumbach, Adolf : Handelsgesetzbuch. 34th edition Munich 2010. Introduction before § 1, Rn. 36.
- ↑ Emmerich, Volker , in: ders., Habersack, Mathias (Ed.), Aktien- und GmbH-Gruppenrecht, 5th edition Munich 2008. Section 305 AktG marginal no. 56.
