IBEX 35: 1992-2007

20 Pages Posted: 17 Jan 2008 Last revised: 27 May 2017

See all articles by Pablo Fernandez

Pablo Fernandez

University of Navarra - IESE Business School

Vicente J. Bermejo

ESADE Business School

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

Fernandez, Pablo and Bermejo, Vicente J., IBEX 35: 1992-2007 (January 16, 2008). Available at SSRN: https://ssrn.com/abstract=1084507 or http://dx.doi.org/10.2139/ssrn.1084507

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/

Vicente J. Bermejo

ESADE Business School ( email )

Av. de Pedralbes, 60-62
Barcelona, 08034
Spain

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