Investigating the effect of fluctuations of economic variables affecting the profitability of IranKhodro Manufacturing Company
الموضوعات :
Siavash Saleh Ziabari
1
,
Akbar Bagheri
2
,
Somayeh Shokravi
3
1 - Islamshahr Azad University
2 - Department of Business Management, Islamic Azad University Islamshahr Branch, Tehran, Iran
3 - Department of Economics, Islamic Azad University, Islamshahr Branch, Islamshahr, Iran
تاريخ الإرسال : 01 الثلاثاء , رمضان, 1442
تاريخ التأكيد : 19 الإثنين , ربيع الأول, 1443
تاريخ الإصدار : 26 الأربعاء , ربيع الثاني, 1443
الکلمات المفتاحية:
profitability,
inflation rate,
Macroeconomic Variables,
Orderly pricing,
IranKhodro Manufacturing Company,
ملخص المقالة :
Today, the automotive industry is considered one of the strategic options for economic development. This industry plays an important role in the economic cycle of countries and has a special place in the world financial services industry. One of the most important competitive tools in this industry is the impact of macro variables on production profitability. The purpose of this study is to investigate the effect of fluctuations in economic variables affecting the profitability of IranKhodro Manufacturing Company. In this study, to test the hypotheses, the information of IranKhodro's high-circulation cars in the period between 2013-2019 was used. Independent research variables include exchange rate, inflation rate, order price, and imported cars. After calculating the required variables, a composite data regression model was used to test the hypotheses. To choose between the methods of combined regression patterns and panel data patterns, the Limer F test was used. The panel data method was selected and it was necessary to perform the Hausman test, which also confirmed the use of a fixed-effects pattern. The results of the research hypotheses showed that there is a significant relationship between exchange rate trends, inflation rate, mandatory (mandatory) pricing and imported cars, and the profitability of IranKhodro's high-volume products.
المصادر:
Ahmadi, M. R. (2020), The effect of macroeconomic variables and product market competition on profit quality: Structural equation approach, Empirical Accounting Research, 10(27). 236-260.
Okamoto, Y. and Sjoholm, F. (2019). Protection and the Dynamics of productivity Growth, the case of Automotive Industries in Indonesia. Working Paper Series in Economics and Finance, No. 324.
Jafari, Neda., Mashayekh, Shahnaz. And Jafari, Muhaddatha. (2018), A Study of the Simultaneous Effects of Corporate Specific Characteristics and Large Economic Variables on the Capital Structure of Companies Listed on the Tehran Stock Exchange by Industry, Quarterly Journal of Financial and Economic Policies, 6(23).205-229 .
Hassan Gholipour, Tahmours., Osanloo, Bahareh. And Salami, Alireza. (2017), Identifying and ranking the problems and obstacles of car exports in the country, Knowledge and Development, 15(23).145-170.
Salimian, Abbas. (2017), Development Strategies and Investment Patterns in the Automotive Industry, Iran Khodro Industrial Group Publications.
Salimian, Abbas (2016). the effect of car imports on productivity (Case study: Iran Khodro Company), Economic Research Journal, 7(4).333-363.
Salehi, Mehdi., Lari Dasht Bayaz, Mahmoud. And Shafi Beyk Mohammadi, Alireza. (2015), The Impact of Iran Khodro's Financial Requirements on the Profitability of Auto Parts Manufacturers, Bi-Quarterly Journal of Monetary Economics, Finance (Former Knowledge and Development), 22(9).230-249.
Bhargava, Alok, (2014). Firms’ Fundamentals, Macroeconomic Variables and Quarterly Stock Prices in the US. Journal of Econometrics.183 (2), PP.241-250.
Karimi, F., Foroughi, D., Noroozi M. and Madine, S. M. (2014). [Effects of economic and accounting variables on capital structure of firms in Tehran Stock Exchange (Persian)]. Journal of Accounting Knowledge, 5(17), 141-62.
Shu, Yan, Broadstock, David C. and Xu, Bing. (2013).The Heterogeneous Impact of Macroeconomic Information on Firms’ Earnings Forecasts. The British Accounting Review. Vol.45, PP.311–325.
Pramod-Kumar, N. and Puja, P. (2012). The Impact of Macroeconomic Fundamentals on Stock Prices Revisited: An Evidence from Indian Data. MPRA Paper, No. 38980.
Mushtaq, R., Alishah, S.Z., Rehman, M.Z. and Murtaza, G. (2011). The Relationship between Stock Market Volatility and Macroeconomic Volatility; Evidence from Pakistan.Social Science Research Network SSRN, 1-34 (Working Paper).
