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IBEX 35: 1992-2007Pablo FernandezUniversity of Navarra - IESE Business School Vicente J. Bermejo-BoixareuUniversidad Carlos III 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. Number of Pages in PDF File: 20 Keywords: IBEX 35, shareholder value creation, IGBM, ITBM, Spain JEL Classification: G12, G31, M21 working papers seriesDate posted: January 17, 2008 ; Last revised: January 23, 2008Suggested CitationContact Information
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