Shareholder Value Creation of Companies in Spain: 2006
University of Navarra - IESE Business School
Jose Maria Carabias
London Business School; University of Navarra - IESE Business School
January 23, 2007
We compute the shareholder value creation of the 123 companies that traded in the Spanish market during 2006. Santander was the top shareholder value creator, followed by Endesa, Telefonica, Arcelor, BBVA and Iberdrola. EADS was the top shareholder value destroyer. We also compute the shareholder value creation of the 72 companies that traded in the Spanish market during 1993-2006. As usual, small companies were more profitable.
Number of Pages in PDF File: 20
Keywords: Value creation, shareholder value creation, IBEX, Spain
JEL Classification: G12, G31, M21working papers series
Date posted: January 27, 2007
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