Shareholder Value Creation of Companies in Spain: 2006

20 Pages Posted: 27 Jan 2007

See all articles by Pablo Fernandez

Pablo Fernandez

IESE Business School

Jose M. Carabias

London School of Economics & Political Science (LSE) - London School of Economics

Date Written: January 23, 2007

Abstract

We compute the shareholder value creation of the 123 companies that traded in the Spanish market during 2006. Santander was the top shareholder value creator, followed by Endesa, Telefonica, Arcelor, BBVA and Iberdrola. EADS was the top shareholder value destroyer. We also compute the shareholder value creation of the 72 companies that traded in the Spanish market during 1993-2006. As usual, small companies were more profitable.

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

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo and Carabias, Jose M., Shareholder Value Creation of Companies in Spain: 2006 (January 23, 2007). Available at SSRN: https://ssrn.com/abstract=959386 or http://dx.doi.org/10.2139/ssrn.959386

Pablo Fernandez (Contact Author)

IESE Business School ( email )

Avenida Pearson 21
Barcelona, 08034
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) - London School of Economics ( email )

United Kingdom

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