References (5)



Telefonica: 1991-2007

Pablo Fernandez

University of Navarra - IESE Business School

Vicente J. Bermejo-Boixareu

Universidad Carlos III

January 30, 2008

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.

Number of Pages in PDF File: 37

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

JEL Classification: G12, G31, M21

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Date posted: January 30, 2008  

Suggested Citation

Fernandez, Pablo and Bermejo-Boixareu, Vicente J., Telefonica: 1991-2007 (January 30, 2008). Available at SSRN: http://ssrn.com/abstract=1088640 or http://dx.doi.org/10.2139/ssrn.1088640

Contact Information

Pablo Fernandez (Contact Author)
University of Navarra - IESE Business School ( email )
Camino del Cerro del Aguila 3
28023 Madrid
+34 91 357 0809 (Phone)
+34 91 357 2913 (Fax)
HOME PAGE: http://web.iese.edu/PabloFernandez/
Vicente J. Bermejo-Boixareu
Universidad Carlos III ( email )
Calle Madrid, 126 Office 7.1.02
Getafe, Madrid 28903
+34 91 6249772 (Phone)
Feedback to SSRN

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