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 discussedfrom a theoretical and from a more practical point of...

Tourism doesn't depend on a specific resource and enable the integration of local populations and economies, generating benefits that have a stronger effect on regional development. Literature main stream identifies tourism as one of the activities with high impact on the development and for...