Shareholder Value Creation of Banco Popular: 1991-2006

36 Pages Posted: 27 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 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

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

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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