|
|
|
|
||||
|
||||
Creation of Value for the Shareholders of the Bank Santander 1991-2006Pablo FernandezUniversity of Navarra - IESE Business School Jose Maria CarabiasLondon Business School; University of Navarra - IESE Business School January 24, 2007 Abstract: We compute the Shareholder Value Creation of Banco Santander (SAN). The market cap of BS increased between December 1991 and December 2005 in 85.7 billion euros. The shareholder value creation during this period was 20.7 billion euros. The average shareholder return of BS in this 15-year period was 18.7%, higher than that of the IBEX 35 (15.4%). Average inflation was 3.3%. We also compare the shareholder return with that of other banks. In December 2006 BS was the biggest company in the IBEX 35 and the 4th biggest of the EuroStoxx 50.
Number of Pages in PDF File: 40 Keywords: Santander, IBEX, EuroStoxx, shareholder value creation JEL Classification: G12, G31, M21 working papers seriesDate posted: January 24, 2007Suggested CitationContact Information
|
|
||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo7 in 0.594 seconds
