Continental European countries used to finance defence firms with public money. In the last few years, many governments aimed at implementing a hands-off policy towards the defence sector, which implies a gradual transition from public to private funding. This paper argues that the absence of long term relationships between defense firms and private investors may block this change.
BESANCENOT, D. and VRANCEANU, R. (2005). Le financement public du secteur de la défense, une source d'inefficacité ? ESSEC Business School.