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Santander: 1991-2007


Pablo Fernandez


University of Navarra - IESE Business School

Vicente J. Bermejo-Boixareu


Universidad Carlos III
February 4, 2008


Abstract:     
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, M21

working papers series


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Date posted: February 5, 2008  

Suggested Citation

Fernandez, Pablo and Bermejo-Boixareu, Vicente J., Santander: 1991-2007 (February 4, 2008). Available at SSRN: http://ssrn.com/abstract=1090206 or http://dx.doi.org/10.2139/ssrn.1090206

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-Boixareu
Universidad Carlos III ( email )
Calle Madrid, 126 Office 7.1.02
Getafe, Madrid 28903
Spain
+34 91 6249772 (Phone)
Feedback to SSRN (Beta)


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