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 …

considered. We argue that external users will generally need thesame information as management, which is largely forward …

During the last years issues of strategic management accounting have received widespread attention in the accounting … the most prominent approaches of strategic management accounting, i.e., Target Costing. First, the relationship between … more „strategic“ is the firm´s cost function, the less valid is „strategic“ management accounting in terms of the usual way …