search query: @indexterm rate of return / total: 621
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| Author: | Hachmeister, D. |
| Title: | Der Cash Flow Return on Investment als Erfolgsgrösse einer wertorientierten Unternehmensführung |
| Journal: | Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung
1997 : VOL. 49:6, p. 556-579 |
| Index terms: | DISCOUNTED CASH FLOW RETURN ON INVESTMENT SHAREHOLDER VALUE RATE OF RETURN |
| Language: | ger |
| Abstract: | The cash flow return on investment (CFROI) is a relatively recent development to measure shareholder value creation. The CFROI is the rate of return that discounts cash flows, including the terminal value of capital employed, back to the initial book value of capital. It should approximate the internal rate of return earned by firms and organizational units for a period under consideration. This paper considers the impact of rate of growth, retention rate, cash flow profile and asset recognition policy on CFROI. |
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