Shareholder Value Creation of Spanish Companies in 2010 (Until June 4)
University of Navarra - IESE Business School
Javier Del Campo Baonza
affiliation not provided to SSRN
June 8, 2010
Only 23 Spanish companies out of 125 had positive return in 2010. The companies destroyed value for their shareholders in 2010 (155 billion euros), created value in 2009 (100 billion euros), and also destroyed value in 2008 (420 billion euros) and in 2007 (17 billion euros). The average return of the 125 companies was -27% in 2010, 30% in 2009 and -40% in 2008.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 11
Keywords: shareholder value creation, Spain, shareholder return, shareholder value destruction
JEL Classification: G12, G31, M21working papers series
Date posted: June 9, 2010
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