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Telefonica 2005


Pablo Fernandez


University of Navarra - IESE Business School

Jose Maria Carabias


London Business School; University of Navarra - IESE Business School

September 2006


Abstract:     
The market cap of Telefonica increased between December 1991 and December 2005 in 55,695 million euros. The shareholder value creation during this period was 12.442 million euros. The average shareholder return of Telefonica in this 14 years was 16.8%, higher than that of the IBEX 35 (13.7%). 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: 38

Keywords: Telefonica, IBEX, shareholder return

JEL Classification: G12, G31, M21

working papers series


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Date posted: May 18, 2006  

Suggested Citation

Fernandez, Pablo and Carabias, Jose Maria, Telefonica 2005 (September 2006). Available at SSRN: http://ssrn.com/abstract=903046 or http://dx.doi.org/10.2139/ssrn.903046

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/
Jose Maria Carabias
London Business School ( email )
Sussex Place
Regent's Park
London, NW1 4SA
United Kingdom
University of Navarra - IESE Business School ( email )
Camino del cerro del Águila
Madrid
Spain
Feedback to SSRN (Beta)


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