Shareholder Value Creation of 136 Spanish Companies in January-September 2009 (Spanish)

Abstract:     
Only 25 companies out of 136 had negative return in January-September 2009 (133 in 2008). The 136 companies created value in January-September 2009 (64 billion euros), but destroyed value in 2008 (420 billion euros) and in 2007 (17 billion euros). The average return of the 136 companies was 24% in January-September 2009 and -45% in 2008.

Number of Pages in PDF File: 8

Keywords: shareholder value creation, Spain, shareholder return, shareholder value destruction

JEL Classification: G12, G31, M21

working papers series