Shareholder Value Creation of 125 Spanish Companies in 2007 (Creación De Valor De Las Empresas Españolas En 2007)
University of Navarra - IESE Business School
Vicente J. Bermejo-Boixareu
Universidad Carlos III
January 21, 2008
CAF had the highest return in 2007. 74 companies had negative return in 2007 and 98 out of 125 had a return smaller than that of the IBEX 35. In 2007, the 125 companies destroyed 15 billions (and 89 billion in the first 17 days of 2008). In the years 1994, 1997-8, 2000-6 and, on average, in the period 1992-2007, the smaller companies had higher returns than the big ones.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 22
Keywords: Shareholder Value Creation, Spain, Shareholder return
JEL Classification: G12, G31, M21working papers series
Date posted: January 21, 2008
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