文章基本信息

标题：Financing Theories and Financing Practices: A Case Study of Two Casino Companies
本地全文：下载
作者：Gu, Zheng ; Ku, Jolan
期刊名称：Journal of Hospitality Financial Management
出版年度：1997
卷号：5
期号：1
页码：3
出版社：University of Massachusetts - Amherst
摘要：This paper analyzes the financing behaviors of two major casino companies, Mirage Resorts, Inc., and Circus Circus Enterprises, Inc., in their recent expansion projects. It compares the two companies' financing practices with the three existing financing theories, namely the traditional trade-off theory, the pure pecking order theory, and the modified pecking order theory. It appears that the modified pecking order theory can best describe the two companies' financing behaviors.