Banco Santander: 1991-2007. Creación de valor y rentabilidad
Abstract
Entre diciembre de 1991 y diciembre de 2007, el aumento de la capitalización del SAN fue de 89.836 millones de euros, y la creación de valor para los accionistas fue de 22.552 millones de euros. La rentabilidad media anual del SAN fue del 18%, sensiblemente superior a la del IBEX 35 (15,1%): cada euro invertido en acciones de SAN en diciembre de 1991 se convirtió en 14,2 euros en diciembre de 2007, mientras que un euro invertido en el IBEX 35 se convirtió en 9,5 euros. La inflación media fue del 3,4%. Banco Santander pasó de ser la séptima empresa española por capitalización en 1991 (tras Telefónica, Endesa, Repsol, BBV, Iberdrola y Banco Central) a ser la segunda en diciembre de 2007. También pasó de ser la trigésimo quinta empresa del EuroStoxx 50 por capitalización en 1996 a ser la sexta en 2008, y fue el quinto banco mundial por capitalización bursátil en 2007.Download Info
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Paper provided by IESE Business School in its series IESE Research Papers with number D/735.Length: 45 pages
Date of creation: 14 Feb 2008
Date of revision:
Handle: RePEc:ebg:iesewp:d-0735
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Postal: IESE Business School, Av Pearson 21, 08034 Barcelona, SPAIN
Web page: http://www.iese.edu/
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Related research
Keywords: creación valor para accionistas; aumento valor para accionistas; rentabilidad para accionistas; rentabilidad ponderada;Find related papers by JEL classification:
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-12 (All new papers)
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