Abstract
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.
Highlights
Automobile sector acts as a catalyst to empower economic growth in the country with employment opportunities
The primary objective of this paper is to investigate the investigate the relationship between the Financial fundaments and the market share of automotive industry of top 26 automotive producing nations through auto regressive distributed lag (ARDL) approach
As mentioned earlier that the main focus of this paper is to evaluate and investigate the nexus or the associations between the financial fundaments and the market share of automotive industry of top 26 automotive producing nations
Summary
Automobile sector acts as a catalyst to empower economic growth in the country with employment opportunities. The automotive industry is one of the leading economic drivers of the World; it holds a great chunk of expansion, strength and cohesion to the microeconomic zone and that is why the automotive industry is acclaimed as one of the elements in building and fostering a nation. The primary objective of this paper is to investigate the investigate the relationship between the Financial fundaments (i.e. change is stock prices and trading volume of stocks at equity markets) and the market share of automotive industry of top 26 automotive producing nations through auto regressive distributed lag (ARDL) approach. While Auto regressive process is planned to interrogate while deploying the same ARDL model
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