University of Navarra - IESE Business School
Jose Maria Carabias
London Business School; University of Navarra - IESE Business School
June 27, 2006
We compute the Shareholder Value Creation of Endesa. The market cap of Endesa increased between December 1991 and December 2005 in 18,994 million euros. The shareholder value creation during this period was 13,090 million euros. The average shareholder return of Endesa in this 14 years was 15.2%, higher than that of the IBEX 35 (14.0%). We also compare the shareholder return of Endesa with that of other utilities.
Number of Pages in PDF File: 41
Keywords: Endesa, Shareholder Value Creation, Shareholder Value Added, creación de valor para los accionistas, aumento del valor para los accionistas, rentabilidad para los accionistas
JEL Classification: G12, G31, M21working papers series
Date posted: July 6, 2006
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