IBEX 35: 1992-2007
University of Navarra - IESE Business School
Vicente J. Bermejo-Boixareu
Universidad Carlos III
January 16, 2008
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.
Number of Pages in PDF File: 20
Keywords: IBEX 35, shareholder value creation, IGBM, ITBM, Spain
JEL Classification: G12, G31, M21working papers series
Date posted: January 17, 2008 ; Last revised: January 23, 2008
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