Abstract
The guiding principle of value creation is activities which earn a return on capital that exceeds their cost of capital. A stable and predictable interaction between the perspectives is a prerequisite for sustainable value creation and steering of a company.
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Notes
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Quotation for annuity factor with payment in arrears.
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Quotation for annuity with payment in arrears.
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ROCE or ROACE .
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Coenenberg, A. G., Fischer, T. M., & Günther, T. (2016). Kostenrechnung und Kostenanalyse (pp. 789–854). Stuttgart: Schäffer Poeschel.
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Schwarzbichler, M., Steiner, C., Turnheim, D. (2018). Value Management for the Energy Industry: Financial KPIs and Ambition Level. In: Financial Steering . Springer, Cham. https://doi.org/10.1007/978-3-319-75762-9_2
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DOI: https://doi.org/10.1007/978-3-319-75762-9_2
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