University of Navarra - IESE Business School
Jose Maria Carabias
London Business School
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, M21working papers series
Date posted: May 18, 2006
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