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Title: U.S. Trade deficit news & the stock return of the automobile industry and its leading automakers in both the U.S. and Japan
Authors: Lim Keng Hong Wendy, Poh Hsiao Yen, Tham Puah Ling
Keywords: DRNTU::Business
Issue Date: 1997
Abstract: This report examines the effect of U.S. trade deficit news on the automobile industries and companies in both Japan and the U.S.. The persistency of the large trade deficit between U.S. and Japan motivates us to conduct this research. We formulate three hypotheses and run regression to test these effects for the period 1980 to present. Our data consist of forecasted and actual trade deficit figures, and stock returns of various automanufacturers in both U.S. and Japan automotive industries. Our findings showed that there is no significant impact on the industry level and most of the individual automanufacturers except for Toyota and Honda. Finally, we conclude with some suggestions that may improve future research.
Description: 83 p.
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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