Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/73111
Title: Macroeconomic factors dynamics and firm performance in the United Kingdom
Authors: Pacini, Kevin
Berg, David
Tischer, Thomas
Mayer, Peter
Azam, Jean
Johnson, Joe
Keywords: Profit -- Great Britain
Macroeconomics -- Great Britain
Quantitative research
Instrumental variables (Statistics)
Business cycles -- Great Britain
Issue Date: 2018
Publisher: ISMASYSTEMS Scientific Research
Citation: Pacini, K., Berg, D., Tischer, T., Mayer, P., Azam, J., & Johnson, J. (2018). Macroeconomic factors dynamics and firm performance in the United Kingdom. International Journal of Finance, Insurance and Risk Management, 8(2), 1393-1398.
Abstract: How firms perform during the business cycle and what macroeconomic factors have the greatest influence on industrial firm performance? The purpose of this study is to study the impact of chosen macroeconomic factors on firm performance in the United Kingdom. To study effects of macroeconomic factors, panel data with instrumental variables were used between the period of 2000 and 2014 for top 100 firms in UK. As a result of the analysis, gross domestic product, inflation rate, and the rate of domestic debt interest payments to total income tax have a direct impact on firm performance. On the other hand, exchange rate, interest rate and the rate of short term foreign debts to central bank international reserves have an inverse relationship.
URI: https://www.um.edu.mt/library/oar/handle/123456789/73111
Appears in Collections:Volume 8, Issue 2, 2018

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