Author(s): Rodrigues, Rui Filipe Silva
Date: 2014
Persistent ID: http://hdl.handle.net/10362/11537
Origin: Repositório Institucional da UNL
Subject(s): Bailout; Financial markets; Auto industry
Author(s): Rodrigues, Rui Filipe Silva
Date: 2014
Persistent ID: http://hdl.handle.net/10362/11537
Origin: Repositório Institucional da UNL
Subject(s): Bailout; Financial markets; Auto industry
A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics
The bailout of the American Auto Industry is considered the largest government intervention in industrial America since the Second World War. Almost 80 billion dollars were injected in an industry that in 2007 represented 1 million manufacturing jobs, and 3.7% of the American GDP. This work project intends to study the impact of such an occurrence in other economic Sectors of the American Economy, by looking at how the Share Price Returns of the major American firms react to the Auto Bailout Events. Some Sectors seem more tightly connected to the Auto Industry than others. The perception of the Bailout Events is also different according to the Sector and to the spectrum of time considered.