Shareholder Value Creation of 125 Spanish Companies in 2007 (Creación De Valor De Las Empresas Españolas En 2007)

Abstract:     
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.

Keywords: Shareholder Value Creation, Spain, Shareholder return

JEL Classifications: G12, G31, M21

Working Paper Series