Abstract
ABSTRACT This study examines the differences in financial characteristics between small and large firms in the rapidly expanding casino industry. Financial ratios from 50 casino firms from the fiscal year 1995 are examined to determine the differences between small and large firms. Firms are classified into small and large groups based on the median value of total asset size for sample firms. Wilcox Rank Sum Test, a non-parametric test, is used to test for differences in the financial characteristics of small and large firms. The main results are that smaller firms have higher liquidity and short-term debt ratios. Larger firms have a higher proportion of long term and total debt. Larger firms do not appear to enjoy economies of scale, as they have lower efficiency ratios. However, larger firms also are more profitable.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
