Creation of Value for the Shareholders of Repsol: 1991-2006

40 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 23, 2007

Abstract

We compute the Shareholder Value Creation of Repsol. The market cap of Repsol increased between December 1991 and December 2005 in 27.5 billion euros. The shareholder value creation during this period was 7.4 billion euros. The average shareholder return of Repsol in this 15 years was 14.1%, lower than that of the IBEX 35 (15.4%). Average inflation was 3.3%.

Keywords: Repsol, Shareholder Value Creation, Shareholder Value Added

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo and Carabias, Jose M., Creation of Value for the Shareholders of Repsol: 1991-2006 (January 23, 2007). Available at SSRN: https://ssrn.com/abstract=959207 or http://dx.doi.org/10.2139/ssrn.959207

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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