Defense Industry Access to Capital Markets: Wall Street and the Pentagon, An Annotated Brief

Download
Author
Berteau, David
Levy, Roy
Ben-Ari, Guy
Moore, Cornelia
Date
2011-04-30Metadata
Show full item recordAbstract
Private companies rely on cash raised from capital markets to finance their operations, including expenditures on long-term assets (such as facilities and equipment), independent research and development (IRAD), and retirement of old debt. Capital markets play a role in shaping the depth and breadth of the U.S. defense industry and the capabilities it has to offer, as well as in the cost of these capabilities to the Department of Defense.
This paper presents interim findings of research on defense companies'' access to capital markets. The research is ongoing, and a final version, including policy recommendations, will be presented at the May 2012 Naval Postgraduate School Annual Acquisition Symposium.
Description
Proceedings Paper (for Acquisition Research Program)
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.NPS Report Number
NPS-AM-11-C8P11R01-045Related items
Showing items related by title, author, creator and subject.
-
Innovations in Defense Acquisition: Asymmetric Information, Mechanism Design and Prediction Markets
Coughlan, Peter; Arkes, Jeremy; Gates, William (Monterey, California. Naval Postgraduate School, 2011-02-03); NPS-AM-11-006Prediction markets, sometimes called information markets, idea markets or event futures, are similar to financial stock markets where the stocks and their prices reflect the consensus view regarding the outcomes of ... -
Prediction Markets: A Review with an Experimentally Based Recommendation for Navy Force-shaping Application
Chinn, Michael; Huffman, Leslie (2009-12-16); NPS-AM-09-139Prediction markets generally are small-scale electronic markets that tie payoffs to measurable future events. They are similar to stock markets, in which the ''stocks'' are outcomes or events rather than shares in a company. ... -
Prediction markets: a review with an experimentally based recommendation for Navy force-shaping application
Chinn, Michael A.; Huffman, Leslie A. (Monterey, California: Naval Postgraduate School, 2009-12);Prediction markets generally are small-scale electronic markets that tie payoffs to measurable future events. They are similar to stock markets, where the "stocks" are outcomes or events rather than shares in a company. ...