Diversification and Performance in the UK Defence Industry

Jon Tucker, Paul Bishop, Melanie Thomas

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Abstract

This article examines the relationship between diversification and performance in the UK defence industry. The theoretical arguments which have been advanced to support a general link between diversification and performance are examined together with an assessment of their applicability to the defence industry. This is followed by an empirical analysis of over seventy leading UK contractors. It is shown that there is no evidence to suggest that product diversification has had a positive impact on performance and some evidence of a negative impact. Geographical diversification, however, appears to be related to asset and sales growth.
Original languageEnglish
Pages (from-to)271-282
Number of pages12
JournalDefense Analysis
Volume13
Issue number3
DOIs
Publication statusPublished - 19 Oct 1997
Externally publishedYes

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Bibliographical note

This is an Accepted Manuscript of an article published by Taylor & Francis in
Defense Analysis on 19/10/1997, available
online: http://www.tandfonline.com/10.1080/07430179708405737

Copyright © and Moral Rights are retained by the author(s) and/ or other copyright owners. A copy can be downloaded for personal non-commercial research or study, without prior permission or charge. This item cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder(s). The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders.

Keywords

  • Diversification
  • Performance
  • UK
  • defence policy

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