Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)

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The Impact of Lithium Price on Electric Vehicle Supply Chain Based on Multi-factors Fama-French Models

Authors
Jinya Gao1, Qinjian Jia2, *, Yiwen Yuan3
1Adam Smith Business School, University of Glasgow, Glasgow, UK
2Lee Shau Kee School of Business and Administration, Hong Kong Metropolitan University, Hong Kong, China
3Economics, Management, Finance and the Social Sciences, Singapore Institution of Management-LSE, Singapore, Singapore
*Corresponding author. Email: 2534015g@student.gla.ac.uk
Corresponding Author
Qinjian Jia
Available Online 20 December 2022.
DOI
10.2991/978-94-6463-030-5_80How to use a DOI?
Keywords
Lithium Price; Stock Return; Electric Vehicle Supply Chain; Fama-French Five Factors Model
Abstract

Based on the dynamic changes in the price of raw Lithium and the vital application of lithium on an electric vehicle, the impact of lithium price on the stock return of the Electric Vehicle Supply Chain are investigated in this paper. Specifically, the Fama-French five factors model would be used to evaluate the impact of lithium price on stock return of Electric Vehicle Supply Chain, and stock return correlation test is applied to measure the impact of changes in lithium price on the stock return of Electric Vehicle Supply Chain. According to the analysis, the lithium price only has a negative impact on the stock return of upstream industry in the Electric Vehicle Supply Chain. In addition, the changes in lithium price only have a negative effect on the stock return of downstream industry in the Electric Vehicle Supply Chain. These results extend the researches for the lithium price impacts on corresponding industry and provides a different perspective on the study of the Electric Vehicle Supply Chain.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
20 December 2022
ISBN
978-94-6463-030-5
ISSN
2589-4919
DOI
10.2991/978-94-6463-030-5_80How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jinya Gao
AU  - Qinjian Jia
AU  - Yiwen Yuan
PY  - 2022
DA  - 2022/12/20
TI  - The Impact of Lithium Price on Electric Vehicle Supply Chain Based on Multi-factors Fama-French Models
BT  - Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
PB  - Atlantis Press
SP  - 813
EP  - 826
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-030-5_80
DO  - 10.2991/978-94-6463-030-5_80
ID  - Gao2022
ER  -