Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 24, 2007 erstellt
Description:
We compute the Shareholder Value Creation of Banco Popular. The market cap of Banco Popular increased between December 1991 and December 2005 in 14.9 billion euros. The shareholder value creation during this period was 13.4 billion euros. The average shareholder return of Banco Popular in this 15 years was 19.3%, higher than that of the IBEX 35 (15.4%). Average inflation was 3.3%. We also compare the shareholder return of Banco Popular with that of other banks