Telefonica: 1991-2010 (Spanish)

Pablo Fernandez

University of Navarra - IESE Business School

Javier Aguirreamalloa

IESE Business School

Luis Corres Avendaño


January 18, 2011

The market cap of Telefonica increased between December 1991 and December 2010 in 70.6 billion euros. The shareholder value creation during this period was 34.2 billion euros. The average shareholder return of Telefonica in this 19 years was 15.2%, higher than that of the IBEX 35 (11.0%). We also compare the shareholder return of Telefonica with that of other Telecoms.

Note: Downloadable document is in Spanish.

Number of Pages in PDF File: 25

Keywords: Telefonica, IBEX, Shareholder Return, Shareholder Value Creation

JEL Classification: G12, G31, M21

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Date posted: January 18, 2011 ; Last revised: January 24, 2011

Suggested Citation

Fernandez, Pablo and Aguirreamalloa, Javier and Avendaño, Luis Corres, Telefonica: 1991-2010 (Spanish) (January 18, 2011). Available at SSRN: http://ssrn.com/abstract=1743044 or http://dx.doi.org/10.2139/ssrn.1743044

Contact Information

Pablo Fernandez (Contact Author)
University of Navarra - IESE Business School ( email )
Camino del Cerro del Aguila 3
28023 Madrid
+34 91 357 0809 (Phone)
+34 91 357 2913 (Fax)
HOME PAGE: http://web.iese.edu/PabloFernandez/
Javier Aguirreamalloa
IESE Business School ( email )
08034 Barcelona
Luis Corres Avendaño
IESE ( email )
Camino del Cerro del Águila, 3
28023 Madrid, Madrid
656940704 (Phone)
Feedback to SSRN

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