I'm looking into a research project and am struggling to find any existing work on this or whether I'm asking the right question.
My question is to test the relationship between macroeconomic variables (GDP growth, inflation, employment, fiscal spending etc.) and the financial performance (revenues, ebitda etc.) of companies in various industries of the country - with the idea to test whether this relationship exists and whether some industries are more invariant to economic shocks? The ultimate result would a variable that gives the relationship, for example gdp growth of x% would given revenue growth of y% in a certain industry vs. z% in another.
My econometric knowledge is rusty but given if the question is viable I'll have panel data (time series growth for multiple companies and macro variables) and need to run some sort of fixed effects model?