Wesfarmers Annual Report

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As one of Australia’s largest listed companies, Wesfarmers whom based in Western Australia operates in several field from supermarkets, home improvement and office supplies, department stores, chemicals, energy and fertilizers, coal to industrial and safety products (Wesfarmers Ltd 2015). As the result, Wesfarmers is also known as one of Australia’s largest private sector employers and has a shareholder base around 500,000. With that numbers of shareholders, annual report is really important to be made especially for a large company like Wesfarmers. As annual report is consists of information about a company’s activities and strategies which has a primary purpose of its accountability, particularly to shareholders (CPA Australia Ltd 2014). …show more content…
2008. "Agency Costs and Corporate Governance Mechanisms: Evidence for UK Firms." International Journal of Managerial Finance 4 (1): 37-59. doi:http://dx.doi.org.dbgw.lis.curtin.edu.au/10.1108/17439130810837375. http://search.proquest.com.dbgw.lis.curtin.edu.au/docview/228284266?accountid=10382.
Jensen, Michael C., and William H. Meckling. 1976. 'Theory of The Firm: Managerial Behavior, Agency Costs And Ownership Structure'. SSRN Electronic Journal 3 (4). doi:10.2139/ssrn.94043.
Meek, Gary K., Clare B. Roberts, and Sidney J. Gray. 1995. "Factors Influencing Voluntary Annual Report Disclosures by U.S., U.K. and Continental European Multinational Corporations." Journal of International Business Studies 26 (3): 555. http://search.proquest.com.dbgw.lis.curtin.edu.au/docview/197155496?accountid=10382.
Rankin, Michaela. Patricia Anne Stanton. Kimberly Ferlauto. Susan C. McGowan. Matthew Tilling. 2012. Contemporary Issues in Accounting. John Wiley and Sons Australia, Limited.
Roy, Tania, Nitin Mehrotra, Tandmay Mehta, Utkarsh V. Sharma, and Sahil Vohra. 2012. “Agency Theory, Agency Cost, Financial Distress Cost, Signalling Theory, Pecking Order Theory of Finance and Impact of Taxation to Capital Structure.” Slide Share.

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