Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 27, 2006 erstellt
Description:
We compute the Shareholder Value Creation of Endesa. The market cap of Endesa increased between December 1991 and December 2005 in 18,994 million euros. The shareholder value creation during this period was 13,090 million euros. The average shareholder return of Endesa in this 14 years was 15.2%, higher than that of the IBEX 35 (14.0%). We also compare the shareholder return of Endesa with that of other utilities