MACROECONOMIC AND FINANCIAL PERFORMANCE: A STUDY OF AIRBUS COMPANIES IN UNITED KINGDOM
- Exchange rate,
- Gross Domestic Product,
- financial performance
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Copyright (c) 2023 American Research Journal of Contemporary Issues
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This study examined the effect of macroeconomic on financial performance of Airbus companies in United Kingdom. Ex Post Facto was adopted for the study. Data were extracted from the International Monetary Fund, World Bank and OECD indicators and the annual financial reports of the Airbus Company in United Kingdom (UK) from 1999 to 2022. Multiple regression analysis was used to test the hypotheses. Based on the analysis, the study found that exchange rate has a positive significant effect on the financial performance of Airbus companies in United Kingdom, while Gross Domestic Product has a negative and insignificant effect on the financial performance of Airbus companies in United Kingdom. The study therefore, recommended among others that excessive exchange rate fluctuations are mitigated by policies and should be intervened when currency risks affect the manufacturing sector, such as Airbus companies.