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Shareholder Value Creation of 125 Spanish Companies in 2009 (Spanish)

12 Pages Posted: 12 Feb 2010  

Pablo Fernandez

University of Navarra - IESE Business School

Date Written: January 12, 2010

Abstract

Only 36 companies out of 125 had negative return in 2009 (133 out of 136 in 2008). The companies created value in 2009 (100 billion euros), but destroyed value in 2008 (420 billion euros) and in 2007 (17 billion euros). The average return of the 125 companies was 30% in 2009 and -40% in 2008.

Notes: Downloadable document is in Spanish.

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

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo, Shareholder Value Creation of 125 Spanish Companies in 2009 (Spanish) (January 12, 2010). Available at SSRN: https://ssrn.com/abstract=1535477 or http://dx.doi.org/10.2139/ssrn.1535477

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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