Faculty Publications

A Note On The Financial Condition Of Defense Contractors

Document Type

Article

Keywords

Altman’s Z score, Defense industry, financial analysis

Journal/Book/Conference Title

Defence and Peace Economics

Volume

6

Issue

4

First Page

295

Last Page

304

Abstract

In recent years, there have been several changes in the weapon-system acquisition market which have • the potential to negatively impact the financial condition of defense contractors. This study evaluates the financial health of defense firms vis-a-vis nondefense firms using a fiscal distress identification model developed by E.I. Altman. We conclude that the financial condition of defense firms has deteriorated but the deterioration is the same as experienced by nondefense firms. © 1995, Taylor & Francis Group, LLC. All rights reserved.

Department

Department of Accounting

Original Publication Date

12-1-1995

DOI of published version

10.1080/10430719508404833

Link to Full Text

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