Lueg, Rainer; Toft, Jon Svennesen - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-21
shareholder value creation: earnings less risk-free interest charge (ERIC). We assess if ERIC has a better ability to predict …-short-/mid-term predictive ability of shareholder value metrics (EVA, ERIC) raises concerns regarding their reliable use in future research on … shareholder value creation. We consequently propose a research agenda that focuses less on the measurement and more on the …