Corporate performance analysis and military production in South Africa

Batcholar, P. and Dunne, J. P. and Parsa, Sepideh (2000) Corporate performance analysis and military production in South Africa. Defence and peace economics, 11 (4). pp. 615-641. ISSN 1024-2694

Full text is not in this repository.

This item is available in the Library Catalogue

Abstract

With the end of the Cold War and apartheid, a process of demilitarisation and dramatic cuts in military spending has marked the transition to democracy in South Africa. Between 1989 and 1997 the South African defence budget was cut by more than 50% in real terms, with most of the cuts coming from the procurement budget, which was cut by nearly 70% in real terms during the same period. These cuts have had a significant impact on the country's defence industrial base. However, there has been surprisingly little research on the changes to defence companies that have taken place since the late 1980s. This paper makes a start at rectifying that deficiency by providing an analysis of the restructuring of the major defence-dependent companies over the period 1988-97. It uses a number of financial ratios and other measures of corporate performance to compare their experience with non-defence companies in the rest of the South African economy during the same period.

Item Type:Article
Research Areas:Middlesex University Schools and Centres > Business School > Accounting and Finance
ID Code:1224
Useful Links:
Deposited On:25 Feb 2009 15:56
Last Modified:13 Oct 2014 16:59

Repository staff only: item control page

Full text downloads (NB count will be zero if no full text documents are attached to the record)

Downloads per month over the past year