The Valuation of Shares in Excercise of the Right Of Separation from a Stock Corporation

• Autor: Ferrero Álvarez-Calderón, Guillermo
• Formato: artículo
• Fecha de Publicación: 2020
• Institución: Pontificia Universidad Católica del Perú
• Repositorio: Revistas - Pontificia Universidad Católica del Perú
• Lenguaje: español
• OAI Identifier: oai:revistaspuc:article/23504
• Enlace del recurso: http://revistas.pucp.edu.pe/index.php/themis/article/view/23504
• Nivel de acceso: acceso abierto
• Materia: Right of separation; stock appreciation; stock corporation; fair value; cash flow at present value; Derecho de separación; valorización de acciones; sociedades anónimas; valor razonable; Flujo de caja a Valor Presente

The valuation methodology of shares in the exerci-se of the right of separation of a shareholder from the company has generated debate and is treated differently in a number of legislations. In this article, the author analyzes the various methods for the valuation of shares and their treatment in di-fferent countries, making reference to relevant jurisprudence and legislation on the matter.In addition to that, the author enters to the world of corporate finance in order to perform an analysis of Cash Flow at Present Value and the use of that valuation method in new business fields such as technology.