University of Navarra - IESE Business School
Vicente J. Bermejo-Boixareu
Universidad Carlos III
February 4, 2008
We compute the Shareholder Value Creation of Banco Santander (BS). The market cap of BS increased between December 1991 and December 2007 in 89.8 billion euros. The shareholder value creation during this period was 22.6 billion euros. The average shareholder return of BS in this 15-year period was 18.0%, higher than that of the IBEX 35 (15.1%). Average inflation was 3.4%. We also compare the shareholder return with that of other banks. In December 2007 BS was the second biggest company in the IBEX 35 and the 6th biggest of the EuroStoxx 50.
Number of Pages in PDF File: 42
Keywords: Santander, IBEX, EuroStoxx, shareholder value creation
JEL Classification: G12, G31, M21working papers series
Date posted: February 5, 2008
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 0.485 seconds