Telefonica 2005

38 Pages Posted: 18 May 2006

See all articles by Pablo Fernandez

Pablo Fernandez

IESE Business School

Jose M. Carabias

London School of Economics & Political Science (LSE) - London School of Economics

Date Written: September 2006

Abstract

The market cap of Telefonica increased between December 1991 and December 2005 in 55,695 million euros. The shareholder value creation during this period was 12.442 million euros. The average shareholder return of Telefonica in this 14 years was 16.8%, higher than that of the IBEX 35 (13.7%). We also compare the shareholder return of Telefonica with that of other Telecoms.

Note: Downloadable document is in Spanish.

Keywords: Telefonica, IBEX, shareholder return

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo and Carabias, Jose M., Telefonica 2005 (September 2006). Available at SSRN: https://ssrn.com/abstract=903046 or http://dx.doi.org/10.2139/ssrn.903046

Pablo Fernandez (Contact Author)

IESE Business School ( email )

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+34 91 357 2913 (Fax)

HOME PAGE: http://web.iese.edu/PabloFernandez/

Jose M. Carabias

London School of Economics & Political Science (LSE) - London School of Economics ( email )

United Kingdom

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