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 language | English |
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Pages (from-to) | 271-282 |
Number of pages | 12 |
Journal | Defense Analysis |
Volume | 13 |
Issue number | 3 |
DOIs | |
Publication status | Published - 19 Oct 1997 |
Externally published | Yes |
Bibliographical note
This is an Accepted Manuscript of an article published by Taylor & Francis inDefense 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