Award Date

1-1-2001

Degree Type

Thesis

Degree Name

Master of Science (MS)

Department

Hotel Administration

First Committee Member

Bernard Fried

Number of Pages

84

Abstract

The purpose of this research is to assess the effectiveness of financial ratios as predictors of casino stocks' performance. The financial ratios used in this study were EBITDA/sales, adjusted EBITDA/shares, asset turnover ratio, current ratio, and debt/equity ratio. A regression analysis tested the correlation between the percentage changes in the financial ratios and the percentage change in the E/P ratio. In addition, a regression analysis tested the correlation between the percentage changes in financial ratios and the percentage change in the market capitalization of the companies in the sample. The statistical test used was a multiple regression analysis; The findings indicate a positive relationship between the percentage change in the E/P ratio and the percentage change in two ratios: the debt equity ratio and the current ratio for small capitalization casino stocks. In addition, the study suggests that there is a positive relationship between the current ratio and the P/E ratio for medium capitalization casino stocks.

Keywords

Assessment; Behavior; Casino; Financial; Predictor; Ratios; Stocks

Controlled Subject

Finance; Accounting

File Format

pdf

File Size

1986.56 KB

Degree Grantor

University of Nevada, Las Vegas

Language

English

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