IBEX 35: 1991-2010 - Value Creation and Return
University of Navarra - IESE Business School
IESE Business School
Luis Corres Avendaño
January 10, 2011
We compute the shareholder value creation and the return of the companies in the IBEX 35 for the 19-year period 1991-201'3 The average return was 11%, but 2.9% was due to the decline in interest rates (from 13% to 5.5%). The shareholder value creation in the whole period was 23 billion euros, despite a value destruction of 238 billion euros in 2008 and another one of 87 billion euros in 2010.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 16
Keywords: IBEX 35, shareholder value creation, IGBM, ITBM, Spain
JEL Classification: G12, G31, M21
Date posted: January 11, 2011 ; Last revised: January 23, 2011