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IBEX 35: 1992-2007
Pablo Fernandez University of Navarra - IESE Business School Vicente J. Bermejo Universidad de Navarra - IESE Business School January 16, 2008 Abstract: We compute the shareholder value creation of the companies in the IBEX 35 for the 16-year period 1992-2007. The average return was 15.1%, but 4.4% was due to the decline in interest rates (from 12.5% to 4%). The shareholder value creation was 222 billion euros. As usual, smaller companies were more profitable.
Note: Downloadable document is in Spanish. Keywords: IBEX 35, shareholder value creation, IGBM, ITBM, Spain JEL Classifications: G12, G31, M21 Working Paper SeriesDate posted: January 17, 2008 ; Last revised: January 23, 2008Suggested CitationContact Information
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