Shareholder 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

See all articles by Pablo Fernandez

Pablo Fernandez

University of Navarra - IESE Business School

Javier Aguirreamalloa

IESE Business School

Luis Corres Avendaño

IESE

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

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)

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 Aguirreamalloa

IESE Business School ( email )

08034 Barcelona
Spain

Luis Corres Avendaño

IESE ( email )

Camino del Cerro del Águila, 3
28023 Madrid, Madrid
Spain
656940704 (Phone)

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