Impacts of the global crisis period 2007- 2010 on the automotive industry in the Czech Republic

Abstract

The main aim of this article was to analyse the possible intensity of dependency of the Czech Republic, or more precisely, its total economic indicator Gross Domestic Product on realized Sales sector of the automotive industry before crisis, during the crisis period (2007-2010) as well as after the crisis. There was also used the development analysis of individual total economic indicators in the Czech automotive industry in time. On the other hand, in the article there were found and analysed impacts of the global recession on the functioning of several chosen companies associated in the Automotive Industry Association of the Czech Republic at their interaction with this way developed macroeconomic surroundings. The investigation was based on the development of company result indicator value (Sales) of the selected companies and the chosen macro indicator (Gross Domestic Product) when looking for their reciprocal dependency in the period mainly connected with the financial and economic crisis. In the contribution, an elementary analysis of the chosen indicator Sales was carried out. With the help of regress and correlation analysis there were further researched the relationships among this chosen indicator of company performance reciprocally with all the companies, the Automotive Industry Association of the Czech Republic as a whole, and the chosen macro-indicator representing the development of selected markets. For the following calculation of tested criteria, Cohen’s Coefficient was used to be able to assess the effect of the group on the value variability of studied random quantity