The Determinants of Credit Risk in Casino Industry:Evidence from Macau

摘要：

　　After the liberalization of casino market in 2001,Macau government has allowed domestic and foreign casino investors to set up new casinos in domestic casino market.With rapidly increasing growth in casino industry over the past several years,Macau has become the largest casino city in the world since 2006.Using annual data of six casino companies in Macau over the period of 2008-2012,this study investigates that the macroeconomic and firm-specific determinants of credit risk of casino industry in Macau.The empirical results of this study evidence that current ratio,return on assets,and market shares of casino tables have negative correlation with credit risk,whereas growth rate of CPI is positively related to credit risk.

作者: SHUN-HO CHU

作者单位: Macau University of Science and Technology,Avenida Wai Long,Taipa,Macau,China

会议类型: 国际会议

会议名称: 2014 International Conference on Management and Engineering(CME 2014)(2014管理与工程国际会议)

会议地点: 上海

会议语种:英文

页码: 1-6

在线出版日期: 2014-05-24（万方平台首次上网日期，不代表论文的发表时间）