Repsol 1991-2005

42 Pages Posted: 20 Jul 2006

See all articles by Pablo Fernandez

Pablo Fernandez

University of Navarra - IESE Business School

Jose M. Carabias

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

Date Written: July 14, 2006

Abstract

We compute the Shareholder Value Creation of Repsol. The market cap of Repsol increased between December 1991 and December 2005 in 25,611 million euros. The shareholder value creation during this period was 6,736 million euros. The average shareholder return of Repsol in this 14 years was 14.5%, higher than that of the IBEX 35 (14.0%). We also compare the shareholder return of Repsol with that of other utilities.

Note: Downloadable document is in Spanish.

Keywords: Repsol, 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., Repsol 1991-2005 (July 14, 2006). Available at SSRN: https://ssrn.com/abstract=917786 or http://dx.doi.org/10.2139/ssrn.917786

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/

Jose M. Carabias

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

Houghton Street
London WC2A 2AE
United Kingdom

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