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A characterization of the financial condition of the United States' aerospace-defense industrial base

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  • Bowlin, W. F.

Abstract

Over the past several years, the United States' Department of Defense acquisition environment has changed considerably as new policies and procedures have been enacted, budgets reduced, military hardware requirements changed, etc. Using data envelopment analysis, this study assesses the financial condition of the aerospace-defense industrial base from 1978 to 1992 in comparison to the Standard & Poors (S&P) 500. The results of this research indicate that the S&P 500 firms were in better financial condition relative to defense firms over the entire 15-year period of the study. Furthermore, the financial condition of aerospace-defense firms has not deteriorated relative to S&P 500 firms.

Suggested Citation

  • Bowlin, W. F., 1995. "A characterization of the financial condition of the United States' aerospace-defense industrial base," Omega, Elsevier, vol. 23(5), pages 539-555, October.
    • Handle: RePEc:eee:jomega:v:23:y:1995:i:5:p:539-555
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    References listed on IDEAS

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    Cited by:

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    3. H. Pierre Hsieh & Yueh‐Cheng Wu & Wen‐Min Lu & Yao‐Chieh Chen, 2020. "Assessing and ranking the innovation ability and business performance of global companies in the aerospace and defense industry," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(6), pages 952-963, September.
    4. Wang, Wei-Kang & Lu, Wen-Min & Kweh, Qian Long & Lai, Hsiao-Wen, 2014. "Does corporate social responsibility influence the corporate performance of the U.S. telecommunications industry?," Telecommunications Policy, Elsevier, vol. 38(7), pages 580-591.
    5. Wei-Kang Wang & Wen-Min Lu & Qian Long Kweh & Mohammad Nourani & Rong-Suei Hong, 2021. "Interlocking directorates and dynamic corporate performance: the roles of centrality, structural holes and number of connections in social networks," Review of Managerial Science, Springer, vol. 15(2), pages 437-457, February.

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