Shareholder Value Creation of Banco Popular: 1991-2006

Fernandez, Pablo; Carabias, Jose M.

doi:10.2139/ssrn.959377

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Shareholder Value Creation of Banco Popular: 1991-2006

36 Pages Posted: 27 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 Banco Popular. The market cap of Banco Popular increased between December 1991 and December 2005 in 14.9 billion euros. The shareholder value creation during this period was 13.4 billion euros. The average shareholder return of Banco Popular in this 15 years was 19.3%, higher than that of the IBEX 35 (15.4%). Average inflation was 3.3%. We also compare the shareholder return of Banco Popular with that of other banks.

Keywords: Value creation; shareholder value creation; Banco Popular

JEL Classification: G12, G31, M21

Suggested Citation: Suggested Citation

Fernandez, Pablo and Carabias, Jose M., Shareholder Value Creation of Banco Popular: 1991-2006 (January 24, 2007). Available at SSRN: https://ssrn.com/abstract=959377 or http://dx.doi.org/10.2139/ssrn.959377