Creation of Value for the Shareholders of Repsol: 1991-2006
University of Navarra - IESE Business School
Jose Maria Carabias
London School of Economics
January 23, 2007
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%.
Number of Pages in PDF File: 40
Keywords: Repsol, Shareholder Value Creation, Shareholder Value Added
JEL Classification: G12, G31, M21
Date posted: January 24, 2007
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