IBEX 35: 1991-2009 - Value Creation and Return

15 Pages Posted: 23 Jan 2010 Last revised: 6 Feb 2010

See all articles by Pablo Fernandez

Pablo Fernandez

University of Navarra - IESE Business School

Javier del Campo Baonza

affiliation not provided to SSRN

Date Written: January 22, 2010

Abstract

We compute the shareholder value creation and the return of the companies in the IBEX 35 for the 18-year period 1991-2009. The average return was 12.5%, but 4.4% was due to the decline in interest rates (from 13% to 4%). The shareholder value creation in the whole period was 101 billion euros, despite a value destruction of 238 billion euros in 2008.

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 del Campo Baonza, Javier, IBEX 35: 1991-2009 - Value Creation and Return (January 22, 2010). Available at SSRN: https://ssrn.com/abstract=1541082 or http://dx.doi.org/10.2139/ssrn.1541082

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/

Javier Del Campo Baonza

affiliation not provided to SSRN ( email )

Register to save articles to
your library

Register

Paper statistics

Downloads
1,084
Abstract Views
3,985
rank
19,384
PlumX Metrics