Download This PaperIBEX 35: 1992-2007
20 Pages Posted: 17 Jan 2008 Last revised: 9 Oct 2015
Date Written: January 16, 2008
Abstract
We compute the shareholder value creation of the companies in the IBEX 35 for the 16-year period 1992-2007. The average return was 15.1%, but 4.4% was due to the decline in interest rates (from 12.5% to 4%). The shareholder value creation was 222 billion euros. As usual, smaller companies were more profitable.
Note: Downloadable document is in Spanish.
Keywords: IBEX 35, shareholder value creation, IGBM, ITBM, Spain
JEL Classification: G12, G31, M21
Suggested Citation: Suggested Citation
Pablo Fernandez (Contact Author)
IESE Business School ( email )
Avenida Pearson 21
Barcelona, 08034
Spain
+34 91 357 0809 (Phone)
+34 91 357 2913 (Fax)
HOME PAGE: http://web.iese.edu/PabloFernandez/
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