Shareholder Value Creation of Bankinter: 1991-2006

41 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 25, 2007

Abstract

We compute the Shareholder Value Creation of Bankinter. The market cap of Bankinter increased between December 1991 and December 2005 in 3.9 billion euros. The shareholder value creation during this period was also 3.9 billion euros. The average shareholder return of Bankinter in this 15 years was 18.1%, higher than that of the IBEX 35 (15.4%). Average inflation was 3.3%. We also compare the shareholder return of Bankinter with that of other banks.

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

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo and Carabias, Jose M., Shareholder Value Creation of Bankinter: 1991-2006 (January 25, 2007). Available at SSRN: https://ssrn.com/abstract=959384 or http://dx.doi.org/10.2139/ssrn.959384

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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