39 Pages Posted: 14 Jun 2006
Date Written: May 26, 2006
We compute the Shareholder Value Creation of BBVA. The market cap of BBVA increased between December 1991 and December 2005 in 47,386 million euros. The shareholder value creation during this period was 15,617 million euros. The average shareholder return of BBVA in this 14 years was 19.8%, higher than that of the IBEX 35 (14.0%). We also compare the shareholder return of BBVA with that of other banks.
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Keywords: BBVA, Shareholder Value Creation, Shareholder Value Added, creacion de valor para los accionistas, aumento del valor para los accionistas, rentabilidad para los accionistas
JEL Classification: G12, G31, M21
Suggested Citation: Suggested Citation