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Telefonica: 1991-2007

Pablo Fernandez
University of Navarra - IESE Business School

Vicente J. Bermejo
Universidad de Navarra - IESE Business School

January 30, 2008


Abstract:     
The market cap of Telefonica increased between December 1991 and December 2007 in 99.2 billion euros. The shareholder value creation during this period was 57.2 billion euros. The average shareholder return of Telefonica in this 16 years was 19.1%, higher than that of the IBEX 35 (15.1%). We also compare the shareholder return of Telefonica with that of other Telecoms.

Note: Downloadable document is in Spanish.

Keywords: Telefonica, IBEX, shareholder return, shareholder value creation

JEL Classifications: G12, G31, M21

Working Paper Series

Date posted: January 30, 2008 ; Last revised: January 30, 2008

Suggested Citation

Fernandez, Pablo and Bermejo, Vicente J., Telefonica: 1991-2007 (January 30, 2008). Available at SSRN: http://ssrn.com/abstract=1088640


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Contact Information

Pablo Fernandez (Contact Author)
University of Navarra - IESE Business School ( email )
Camino del Cerro del Aguila 3
28023 Madrid Spain
+34 91 357 0809 (Phone)
+34 91 357 2913 (Fax)
HOME PAGE: http://web.iese.edu/PabloFernandez/
Vicente J. Bermejo
Universidad de Navarra - IESE Business School ( email )
Camino Cerro del Aguila, 3
Madrid 28023
Spain
+34 91 211 3167 (Phone)
Feedback to SSRN (Beta)


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