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Diversification and performance in the UK defense industry

Tucker, Jon; Bishop, Paul; Thomas, Melanie

Authors

Paul Bishop

Melanie Thomas



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.

Journal Article Type Article
Acceptance Date Sep 1, 1997
Publication Date Sep 1, 1997
Journal Defense Analysis
Print ISSN 0743-0175
Peer Reviewed Peer Reviewed
Volume 13
Issue 3
Pages 271-282
DOI https://doi.org/10.1080/07430179708405737
Keywords defence industry, defense industry, diversification, performance
Public URL https://uwe-repository.worktribe.com/output/1102026
Publisher URL http://dx.doi.org/10.1080/07430179708405737