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IBEX 35: 1991-2009 - Value Creation and Return


Pablo Fernandez


University of Navarra - IESE Business School

Javier Del Campo Baonza


affiliation not provided to SSRN
January 22, 2010


Abstract:     
We compute the shareholder value creation and the return of the companies in the IBEX 35 for the 18-year period 1991-2009. The average return was 12.5%, but 4.4% was due to the decline in interest rates (from 13% to 4%). The shareholder value creation in the whole period was 101 billion euros, despite a value destruction of 238 billion euros in 2008.

Note: Downloadable document is in Spanish.

Number of Pages in PDF File: 15

Keywords: IBEX 35, shareholder value creation, IGBM, ITBM, Spain

JEL Classification: G12, G31, M21

working papers series


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Date posted: January 23, 2010 ; Last revised: February 6, 2010

Suggested Citation

Fernandez, Pablo and Del Campo Baonza, Javier, IBEX 35: 1991-2009 - Value Creation and Return (January 22, 2010). Available at SSRN: http://ssrn.com/abstract=1541082 or http://dx.doi.org/10.2139/ssrn.1541082

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/
Javier Del Campo Baonza
affiliation not provided to SSRN ( email )
Feedback to SSRN (Beta)


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