Shareholder Value Creation of Iberdrola: 1991-2006

38 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 Iberdrola. The market cap of Iberdrola increased between December 1991 and December 2006 in 26.3 billion euros. The shareholder value creation during this period was 23.9 billion euros. The average shareholder return of Iberdrola in this 15 years was 19.1%, higher than that of the IBEX 35 (15.4%). Average inflation was 3.3%. We also compare the shareholder return of Iberdrola with that of other utilities.

Keywords: Value creation, shareholder value creation, IBEX, Iberdrola

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo and Carabias, Jose M., Shareholder Value Creation of Iberdrola: 1991-2006 (January 24, 2007). Available at SSRN: https://ssrn.com/abstract=959380 or http://dx.doi.org/10.2139/ssrn.959380

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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