Velthuis, Louis John - 2004
Earnings less riskfree Interest Charge (ERIC) is a new residual income concept forValue Based Management (VBM), which … takes the true risk and time preferences ofshareholders into account. In this paper management based on ERIC is …, performancemeasurement, management incentives and decentralization are goal congruent withrespect to market value. In a second step market …