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IBEX 35: Shareholder Value Creation 1992-2006


Pablo Fernandez


University of Navarra - IESE Business School

Jose Maria Carabias


London Business School; University of Navarra - IESE Business School

January 23, 2007


Abstract:     
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, M21

working papers series


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Date posted: January 24, 2007  

Suggested Citation

Fernandez, Pablo and Carabias, Jose Maria, IBEX 35: Shareholder Value Creation 1992-2006 (January 23, 2007). Available at SSRN: http://ssrn.com/abstract=959110 or http://dx.doi.org/10.2139/ssrn.959110

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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