Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 14, 2007 erstellt
Beschreibung:
We compute the Shareholder Value Creation of Santander, BBVA, Popular and Bankinter between 1991 and 2006. The shareholder value creation during this period was: Santander 20.7 billion euros; BBVA 25.4; Popular 13.4 and Bankinter 3.9.The average shareholder return was: Santander 18.7%; BBVA 20.1%; Popular 19.3% and Bankinter 18.1%, all higher than that of the IBEX 35 (15.4%). However, the weighted shareholder return (taking into consideration the number of shares outstanding at different dates) was quite different: Santander 14%; BBVA 17%; Popular 20.7% and Bankinter 19.5%