IBEX 35: 1991-2009 - Value Creation and Return
15 Pages Posted: 23 Jan 2010 Last revised: 6 Feb 2010
Date Written: January 22, 2010
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: Suggested Citation