IBEX 35: Shareholder Value Creation 1992-2006
21 Pages Posted: 24 Jan 2007
Date Written: January 23, 2007
We compute the shareholder value creation of the companies in the IBEX 35 for the 15-year period 1992-2006. The average return was 15.4%, but 5.2% was due to the decline in interest rates (from 12.5% to 4%). The shareholder value creation was 196 billion euros. As usual, smaller companies were more profitable.
Keywords: IBEX 35, Shareholder value creation, IGBM, ITBM
JEL Classification: G12, G31, M21
Suggested Citation: Suggested Citation