Resumen de An investigation of systematic risk determinats in the casino industry
Yeon Ho Shin, Murat Hancer, Jerrold K. Leong, Radesh Palakurthi
This study examined financial measures that constitute determinants of systematic risk in the casino industry. Multiple regression analysis, one-way ANOVA, and independent sample t-tests were conducted to analyze the measures. Leverage and liquidity were positively related to systematic risk yet growth rate was negatively related. Furthermore, it was confirmed that different sectors of the casino industry had different level of risk. Findings suggest that casino managers in different sectors of the casino industry should use different financial strategies to reduce risk. Casino investors should also understand the unique financial characteristics of different sectors of the casino industry. Finally, casino managers should focus on developing well-planned customer activities, such as gaming tournaments or special events, to protect casinos from experiencing high-risk seasons.
