Endesa 1991-2005

41 Pages Posted: 6 Jul 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: June 27, 2006

Abstract

We compute the Shareholder Value Creation of Endesa. The market cap of Endesa increased between December 1991 and December 2005 in 18,994 million euros. The shareholder value creation during this period was 13,090 million euros. The average shareholder return of Endesa in this 14 years was 15.2%, higher than that of the IBEX 35 (14.0%). We also compare the shareholder return of Endesa with that of other utilities.

Keywords: Endesa, Shareholder Value Creation, Shareholder Value Added, creación de valor para los accionistas, aumento del valor para los accionistas, rentabilidad para los accionistas

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo and Carabias, Jose M., Endesa 1991-2005 (June 27, 2006). Available at SSRN: https://ssrn.com/abstract=912407 or http://dx.doi.org/10.2139/ssrn.912407

Pablo Fernandez (Contact Author)

IESE Business School ( email )

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Spain
+34 91 357 0809 (Phone)
+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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