TY  - JOUR
PY  - 1996//
TI  - Defence and firm performance in the UK
JO  - Defence and peace economics
A1  - Martin, Sandra L.
A1  - White, Richard
A1  - Hartley, Keith
SP  - 325
EP  - 337
VL  - 7
IS  - 4
N2  - The UK Ministry of Defence is British industry's largest single customer and a number of firms and industries are highly dependent on defence sales. Various hypotheses have been proposed about the impact of defence procurement on firms and these are investigated using four performance indicators: financial structure, investment, productivity and profitability. With regard to the borrowing ratio, capital investment and the rate of return, there is no statistically significant difference between the mean financial ratios for low and high dependence firms. However, non-dependents appear to have a higher level and rate of growth of labour productivity than dependents.<p /> 
LA  - 
SN  - 1024-2694
UR  - http://dx.doi.org/10.1080/10430719608404861
ID  - ref1
ER  -