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Creation of Value for the Shareholders of Repsol: 1991-2006Pablo FernandezUniversity of Navarra - IESE Business School Jose Maria CarabiasLondon 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%.
Number of Pages in PDF File: 40 Keywords: Repsol, Shareholder Value Creation, Shareholder Value Added JEL Classification: G12, G31, M21 working papers seriesDate posted: January 24, 2007Suggested CitationContact Information
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