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, M21working papers series
Date posted: January 30, 2008
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