would be from the normal military operations. We use a random sample of activity-duty enlisted personnel serving between …

analyze the relation between military service of CEOs and managerial decisions, financial policies, and corporate outcomes …. Exploiting exogenous variation in the propensity to serve in the military, we show that military service is associated with … conservative corporate policies and ethical behavior. Military CEOs pursue lower corporate investment, are less likely to be …

and II, which would seemingly increase uncertainty. In a seminal paper, Schwert (1989) identified the "war puzzle" as one … that produce military goods. Finally, an event-study demonstrates that earnings forecasts of defense firms by equity …

This paper attempts to provide a more complete reckoning of the costs of the Iraq War, using standard economic and … underestimate the War's true costs. We estimate a range of present and future costs, by including expenditures not in the $500bn CBO … projection, such as lifetime healthcare and disability payments to returning veterans, replenishment of military hardware, and …

This paper argues that before World War II the desire to maintain a trustworthy reputation for honoring war debts was … honoring in full of war debts following World War II. The discussion focuses on differences in economic and political … conditions after World War II, especially the extension of the voting franchise, the increased economic and political power of …

interventions to support democratic elections. Yet little evidence exists on whether elections enhance the domestic legitimacy of …

Air Force. The reform seeks to address challenges facing military R&D, in particular a less innovative defense industrial …

Persson (2009). We examine the impact of racial discrimination on Black U.S. military enlistment during the onset of WWII. We …