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
Recommended Citation
Fernando, Karina M., "Economic Moat: A Line of Defense for the Defense Industry" (2021). Theses and Dissertations. 5005.
https://scholar.afit.edu/etd/5005