Endesa 1991-2006

Fernandez, Pablo; Carabias, Jose M.

doi:10.2139/ssrn.959104

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Endesa 1991-2006

35 Pages Posted: 24 Jan 2007

See all articles by Pablo Fernandez

Jose M. Carabias

London School 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: 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