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Creation of Value for the Shareholders of Repsol: 1991-2006

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 Repsol. The market cap of Repsol increased between December 1991 and December 2005 in 27.5 billion euros. The shareholder value creation during this period was 7.4 billion euros. The average shareholder return of Repsol in this 15 years was 14.1%, lower than that of the IBEX 35 (15.4%). Average inflation was 3.3%.

Keywords: Repsol, Shareholder Value Creation, Shareholder Value Added

JEL Classifications: G12, G31, M21

Working Paper Series

Date posted: January 24, 2007 ; Last revised: January 24, 2007

Suggested Citation

Fernandez, Pablo and Carabias, Jose Maria, Creation of Value for the Shareholders of Repsol: 1991-2006 (January 23, 2007). Available at SSRN: http://ssrn.com/abstract=959207


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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
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