| Issue |
E3S Web Conf.
Volume 244, 2021
XXII International Scientific Conference Energy Management of Municipal Facilities and Sustainable Energy Technologies (EMMFT-2020)
|
|
|---|---|---|
| Article Number | 08015 | |
| Number of page(s) | 7 | |
| Section | Green Transport Systems | |
| DOI | https://doi.org/10.1051/e3sconf/202124408015 | |
| Published online | 19 March 2021 | |
Nexus between Financial Fundamentals and Automotive (Car) Industry. ARDL approach
1 Universitas Mercu Buana, Jakarta - Indonesia
2 ILMA University, Karachi, Pakistan
3 Suan Sunandha Rajabhat University, Bangkok, Thailand
* Corresponding author: denis.us@ssru.ac.th
This paper is an attempt to investigate the nexus between the financial fundaments and the market share of automotive(car) industry of top 26 automotive producing nations. The time series data of change is stock prices, trading volumes of stocks and market shares of automotive industry of top 26 automotive producing nations were collected from data stream Eikon for the period from 2002 to 2014. ARDL approach was used to investigate the lag length nexus of financial fundaments with the market shares of automotive(car) industry. Further AR processes were also investigated for the series of automotive market shares. Findings confirmed the significant impact of change in stock prices on the Automobile (car) Market Sharesfor France, Hungary, Indonesia, Malaysia, Romania, South Africa, South Korea, Turkey and United States of America for lag1, while alsothe significant impact of change in stock priceson the Automobile (car)Market Shares were also found present for China, France, Hungary, Indonesia, Italy, Malaysia, Pakistan, Romania, South Africa and South Korea for lag 2. Findings further confirmed the impact of trading volumes for lag1 on the Automobile (car) Market Sharesfor Argentina, Brazil, France, Hungary, India, Italy, Japan, Pakistan, South Africa, South Korea and Taiwan. The impact of trading volumes for lag2 on the Automobile Market(car) Sharewere also found present for Brazil, Hungary, India, Italy, Romania, South Africa, Ukraine, United Kingdom and United States of America. Moreover, AR processes in market shares of automotive (car) industry for few from the outlined nations were also observed for the stated period.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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