Download This PaperShareholder Return and Value Creation of 125 Spanish Companies in 2010 (Rentabilidad y Creación de Valor de 125 Empresas Españolas en 2010) (Spanish)
13 Pages Posted: 15 Jan 2011
Date Written: January 14, 2011
Abstract
90 companies out of 125 had negative return in 2010 (133 out of 136 in 2008). The companies destroyed value in 2010 (117 billion euros), and also in 2008 (420 billion euros) and in 2007 (17 billion euros). The average return of the 125 companies was-11% 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: Suggested Citation
Fernandez, Pablo and Aguirreamalloa, Javier and Avendaño, Luis Corres, Shareholder Return and Value Creation of 125 Spanish Companies in 2010 (Rentabilidad y Creación de Valor de 125 Empresas Españolas en 2010) (Spanish) (January 14, 2011). Available at SSRN: https://ssrn.com/abstract=1740556 or http://dx.doi.org/10.2139/ssrn.1740556
Pablo Fernandez (Contact Author)
IESE Business School ( email )
Avenida Pearson 21
Barcelona, 08034
Spain
+34 91 357 0809 (Phone)
+34 91 357 2913 (Fax)
HOME PAGE: http://web.iese.edu/PabloFernandez/
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