Award Date

1-1-1999

Degree Type

Thesis

Degree Name

Master of Science (MS)

Department

Hotel Administration

First Committee Member

Bernard Fried

Number of Pages

84

Abstract

An exploratory study of the effectiveness of traditional bankruptcy prediction models as applied to the casino industry. The study uses financial information from a sample of failed and non-failed casino companies to evaluate the ability of bankruptcy prediction models developed for general industry usage to predict financial failure in the casino industry; The models tested were the ones developed by Edward I. Altman, Edward B. Deakin and Christine V. Zavgren. The financial information utilized in the study was limited to that which could be obtained from publicly available information sources. The sample size was limited to the number of failed firms for which information was available and an equal number of non-failed firms; The study showed that traditional bankruptcy prediction models did not significantly enhance the ability to predict business failure in the casino industry beyond a random fail/no-fail prediction.

Keywords

Bankruptcy; Casino; Industry; Prediction

Controlled Subject

Accounting

File Format

pdf

File Size

2304 KB

Degree Grantor

University of Nevada, Las Vegas

Language

English

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