Shareholder Value Creation of 136 Spanish Companies in January-September 2009 (Spanish)

8 Pages Posted: 7 Oct 2009  

Pablo Fernandez

University of Navarra - IESE Business School

Date Written: October 6, 2009

Abstract

Only 25 companies out of 136 had negative return in January-September 2009 (133 in 2008). The 136 companies created value in January-September 2009 (64 billion euros), but destroyed value in 2008 (420 billion euros) and in 2007 (17 billion euros). The average return of the 136 companies was 24% in January-September 2009 and -45% in 2008.

Keywords: shareholder value creation, Spain, shareholder return, shareholder value destruction

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo, Shareholder Value Creation of 136 Spanish Companies in January-September 2009 (Spanish) (October 6, 2009). Available at SSRN: https://ssrn.com/abstract=1483811 or http://dx.doi.org/10.2139/ssrn.1483811

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/

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