University of Navarra - IESE Business School
Jose Maria Carabias
London Business School
January 24, 2007
We compute the Shareholder Value Creation of Endesa. The market cap of Endesa increased between December 1991 and December 2006 in 33,403 million euros. The shareholder value creation during this period was 29,892 million euros. The average shareholder return of Endesa in this 15 years was 18.5%, higher than that of the IBEX 35 (15.4%). We also compare the shareholder return of Endesa with that of other utilities.
Number of Pages in PDF File: 35
Keywords: Endesa, shareholder value creation
JEL Classification: G12, G31, M21working papers series
Date posted: January 24, 2007
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