University of Navarra - IESE Business School
Vicente J. Bermejo-Boixareu
Universidad Carlos III
February 6, 2008
We compute the Shareholder Value Creation of BBVA. The market cap of BBVA increased between December 1991 and December 2007 in 59.1 billion euros. The shareholder value creation during this period was 18.7 billion euros. The average shareholder return of BBVA in this 16 years was 18.3%, higher than that of the IBEX 35 (15.1%). Average inflation was 3.4%. We also compare the shareholder return of BBVA with that of other banks.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 41
Keywords: Value creation, shareholder value creation, BBVA, Banco Bilbao Vizcaya Argentaria
JEL Classification: G12, G31, M21
Date posted: February 6, 2008
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