Corporate performance analysis and military production in South Africa

Article


Batcholar, P., Dunne, J. and Parsa, S. 2000. Corporate performance analysis and military production in South Africa. Defence and peace economics. 11 (4), pp. 615-641. https://doi.org/10.1080/10430710008404970
TypeArticle
TitleCorporate performance analysis and military production in South Africa
AuthorsBatcholar, P., Dunne, J. and Parsa, S.
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.

LanguageEnglish
PublisherHarwood Academic Publishers
JournalDefence and peace economics
ISSN1024-2694
Publication dates
Print2000
Publication process dates
Deposited25 Feb 2009
Output statusPublished
Digital Object Identifier (DOI)https://doi.org/10.1080/10430710008404970
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