Shareholder Value Creation of Spanish Companies in 2010 (Until June 4)

11 Pages Posted: 9 Jun 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: June 8, 2010

Abstract

Only 23 Spanish companies out of 125 had positive return in 2010. The companies destroyed value for their shareholders in 2010 (155 billion euros), created value in 2009 (100 billion euros), and also destroyed value in 2008 (420 billion euros) and in 2007 (17 billion euros). The average return of the 125 companies was -27% in 2010, 30% in 2009 and -40% in 2008.

Note: Downloadable document is in Spanish.

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

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo and del Campo Baonza, Javier, Shareholder Value Creation of Spanish Companies in 2010 (Until June 4) (June 8, 2010). Available at SSRN: https://ssrn.com/abstract=1622203 or http://dx.doi.org/10.2139/ssrn.1622203

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 )

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