Spanish Abstract: La rentabilidad media de los fondos de inversión en España en los últimos 15 años (2,32%) fue inferior a la inversión en bonos del estado español a 15 años (5,27%) y a la inversión en el IBEX 35 (5,24%). Sólo 29 fondos de los 632 con 15 años tuvieron una rentabilidad...

Spanish Abstract: En el periodo diciembre 2001 - diciembre 2016, la rentabilidad anual media del IBEX 35 fue 5,24% y la de los bonos del Estado a 15 años 5,27%. La rentabilidad media de los fondos de pensiones fue 2,03%. Entre los 335 fondos de pensiones con 15 años de historia, sólo 3...

Spanish Abstract: La rentabilidad media de los fondos de inversión en España en los últimos 15 años (1,90%) fue inferior a la inversión en bonos del estado español a 15 años (5,4%) y a la inversión en el IBEX 35 (4,6%). Sólo 18 fondos de los 632 con 15 años tuvieron una rentabilidad...

Spanish Abstract: Un conjunto de profesionales (magistrados, jueces, profesores y profesionales de derecho, finanzas, contabilidad…) preocupados con algunas sentencias del Tribunal Supremo relacionadas con empresas, instrumentos financieros y mercados financieros que contienen errores...

In June 2013, Social Science Research Network (SSRN) e-Library posted a paper written by three reputable Italian professors who had conducted a survey among financial analysts from 78 countries of the world concerning the Market Risk Premium and Risk-Free Rate in different countries (The article...

There is an ongoing dispute about the assumption of reinvesting intermediate cash flows at cost of capital in calculation of NPV and at IRR in calculation of implied yield to maturity. The lack of conclusive evidence lends support to confusion around the issue. This paper provides logical and...

Only 25 companies out of 136 had negative return in January-September 2009 (133 in 2008). The 136 companies created value in January-September 2009 (64 billion euros), but destroyed value in 2008 (420 billion euros) and in 2007 (17 billion euros). The average return of the 136 companies was 24%...

The Total Return (TR), also called “return including dividends” and “Total Index Return” provides the theoretical return of a share, assuming that dividends are re-invested to purchase additional shares.The Total Return for All Shareholders (TRAS) is the return that all the shareholders...

We calculate the shareholder returns of the companies in the Euro Stoxx 50 in the period 2004 - April 2020. We analyze 62 companies: 47 that were in the Euro Stoxx 50 in April 2020 and had trading records since December 2004 and 15 companies that had been in the Euro Stoxx 50 in the period. In...

Firm Profitability - Does it really matter for shareholder return or ROE (return on equity)? Does this question sound oxymoron and antithetic? Not really. On the contrary, evidence has surfaced that Returns on equity - based on the shareholders' equity accounted in the balance sheet - is not...