Date of Award

3-2021

Document Type

Thesis

Department

Department of Systems Engineering and Management

First Advisor

Clay M. Koschnick, PhD

Abstract

Defense contractor financial performance is traditionally measured using accounting profit. In academic literature, accounting profit has been proxied through different applications of accounting rates of return. However, the use of these rates pose certain limitations. First, accounting rates of return have been applied inconsistently. Next, academic research has not typically assessed accounting returns against a firms opportunity costs. As a result, there is a literature gap in defense research that assesses whether defense contractors earn sustainable returns beyond the cost to produce those returns.

AFIT Designator

AFIT-ENV-MS-21-M-226

DTIC Accession Number

AD1136751

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