Endesa 1991-2006

35 Pages Posted: 24 Jan 2007

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: January 24, 2007

Abstract

We compute the Shareholder Value Creation of Endesa. The market cap of Endesa increased between December 1991 and December 2006 in 33,403 million euros. The shareholder value creation during this period was 29,892 million euros. The average shareholder return of Endesa in this 15 years was 18.5%, higher than that of the IBEX 35 (15.4%). We also compare the shareholder return of Endesa with that of other utilities.

Keywords: Endesa, shareholder value creation

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo and Carabias, Jose M., Endesa 1991-2006 (January 24, 2007). Available at SSRN: https://ssrn.com/abstract=959104 or http://dx.doi.org/10.2139/ssrn.959104

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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