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Creación de valor para los accionistas de Bankinter (1991-2006)


  • Fernandez, Pablo

    () (IESE Business School)

  • Carabias, Jose M.

    (IESE Business School)


En este documento se cuantifica la creación de valor para los accionistas de Bankinter entre diciembre de 1991 y diciembre de 2006. En ese periodo el aumento de la capitalización de Bankinter fue 3.866 millones de euros, el aumento del valor para los accionistas fue 5.205 millones de euros, y la creación de valor para los accionistas fue 3.876 millones de euros (expresado en euros de 2006). La rentabilidad media anual para los accionistas de Bankinter fue 18,1%, sensiblemente superior a la del IBEX 35 (15,4%): cada euro invertido en acciones de Bankinter en diciembre de 1991 se convirtió en 12,17€ en diciembre de 2006, mientras que 1 euro invertido en el IBEX 35 se convirtió en 8,52€. La inflación media fue 3,3%. La rentabilidad para los accionistas de Bankinter fue positiva en 10 de los 15 años analizados. La capitalización de Bankinter durante estos años osciló entre el 0,83% y el 1,6% de la capitalización del IBEX 35. En diciembre de 1991, Bankinter fue la 18ª empresa por capitalización del IBEX, mientras que en enero de 2007 fue la 24ª empresa. Bankinter fue el 2º banco más rentable para sus accionistas (entre los 23 bancos internacionales analizados) en el periodo 2003-2006.

Suggested Citation

  • Fernandez, Pablo & Carabias, Jose M., 2007. "Creación de valor para los accionistas de Bankinter (1991-2006)," IESE Research Papers D/678, IESE Business School.
  • Handle: RePEc:ebg:iesewp:d-0678

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    References listed on IDEAS

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    More about this item


    creación valor para accionistas; aumento valor para accionistas; rentabilidad para accionistas;

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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