IBEX 35: Shareholder Value Creation 1992-2006
University of Navarra - IESE Business School
Jose Maria Carabias
London Business School; University of Navarra - IESE Business School
January 23, 2007
We compute the shareholder value creation of the companies in the IBEX 35 for the 15-year period 1992-2006. The average return was 15.4%, but 5.2% was due to the decline in interest rates (from 12.5% to 4%). The shareholder value creation was 196 billion euros. As usual, smaller companies were more profitable.
Number of Pages in PDF File: 21
Keywords: IBEX 35, Shareholder value creation, IGBM, ITBM
JEL Classification: G12, G31, M21working papers series
Date posted: January 24, 2007
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