Award Date

1-1-1999

Degree Type

Thesis

Degree Name

Master of Science (MS)

Department

Hotel Administration

First Committee Member

Zheng Gu

Number of Pages

86

Abstract

Forty-five takeover activities took place from 1989 to 1999. Decisions in takeovers may be affected by financial or non-financial factors. Since non-financial factors are hard to measure and quantify for analysis, this study investigates the financial characteristics of takeover target firms in the gaming industry; Logistic regression analysis was employed because the dependent variable of this study is dichotomous. By the stepwise selection procedure, six variables were identified in this study. These include size, profitability, liquidity, leverage, capital expenditure, cash reserve capacity, operational efficiency and returns on invested capital. The takeover likelihood in the gaming industry is found to be positively related with the size, operational efficiency and liquidity of a firm, and negatively related with the leverage, profitability and returns on invested capital of a firm.

Keywords

Characteristics; Financial; Gaming; Industry; Takeover; Target

Controlled Subject

Management; Finance

File Format

pdf

File Size

2017.28 KB

Degree Grantor

University of Nevada, Las Vegas

Language

English

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IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/

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