Creation of Value for the Shareholders of Union Fenosa: 1991-2006

Fernandez, Pablo; Carabias, Jose

doi:10.2139/ssrn.959197

Abstract

References (3)

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Creation of Value for the Shareholders of Union Fenosa: 1991-2006

Pablo Fernandez

University of Navarra - IESE Business School

London Business School; University of Navarra - IESE Business School

January 23, 2007

Abstract:
The market cap of Union Fenosa increased between December 1991 and December 2006 in 10.4 billion euros. The shareholder value creation during this period was 9.6 billion euros. The average shareholder return of Union Fenosa in this 14 years was 21.4%, higher than that of the IBEX 35 (15.4%). We also compare the shareholder return of Union Fenosa with that of other utilities.

Number of Pages in PDF File: 38

Keywords: Union Fenosa, shareholder value creation, IBEX, shareholder return

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, Creation of Value for the Shareholders of Union Fenosa: 1991-2006 (January 23, 2007). Available at SSRN: http://ssrn.com/abstract=959197 or http://dx.doi.org/10.2139/ssrn.959197

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

Abstract

References (3)

Creation of Value for the Shareholders of Union Fenosa: 1991-2006

Pablo Fernandez

Jose Maria Carabias

Date posted: January 24, 2007

Suggested Citation

Contact Information

Pablo Fernandez (Contact Author)

Jose Maria Carabias