Analyzing Contemporary Accounting Issues: The Reject Shop Share Price
VerifiedAdded on 2022/10/12
|10
|2379
|14
Report
AI Summary
This report examines the impact of various types of information, including accounting data, on the share price of The Reject Shop, an ASX-listed Australian company, for the financial years 2017 and 2018. The analysis explores how company announcements, such as director appointments, dividend distributions, takeover bids, and financial results, influenced share price movements. The report highlights both positive and negative impacts, such as how the appointment of new directors and dividend declarations positively affected the share price, while events like the resignation or demise of directors, and the rejection of takeover bids had negative impacts. The study emphasizes the significance of capital market research in understanding investor reactions to information and its implications for the accounting profession. The report references various sources, including the ASX website and The Reject Shop's financial releases, to support its findings. The conclusion summarizes the key events and their impact on The Reject Shop's share price, reinforcing the importance of information in the capital market.
Running head: CONTEMPORARY ISSUES IN ACCOUNTING
Contemporary Issues in Accounting
Name of the Student
Name of the University
Author’s Note
Contemporary Issues in Accounting
Name of the Student
Name of the University
Author’s Note
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
1CONTEMPORARY ISSUES IN ACCOUNTING
Executive Summary
This report undertakes the analysis of the impact of different kinds of information on the share price of an
Australian ASX listed company named The Reject Shop. For this reason, this report considers the last two
financial year of the company that are 2018 and 2017. As per the findings of the report, The Reject Shop has
information that affects the share price of their business in both the positive manner and negative manner.
Executive Summary
This report undertakes the analysis of the impact of different kinds of information on the share price of an
Australian ASX listed company named The Reject Shop. For this reason, this report considers the last two
financial year of the company that are 2018 and 2017. As per the findings of the report, The Reject Shop has
information that affects the share price of their business in both the positive manner and negative manner.
2CONTEMPORARY ISSUES IN ACCOUNTING
Table of Contents
Introduction..............................................................................................................................................................3
Share Prices React to Information from Various Sources........................................................................................3
Share Price of the Last Two Years of “The Reject Shop”.......................................................................................3
Information that May Have Impacted the Firm’s Share Price in 2017 and 2018....................................................4
FY 2017................................................................................................................................................................4
FY 2018................................................................................................................................................................5
Conclusion................................................................................................................................................................6
References................................................................................................................................................................8
Table of Contents
Introduction..............................................................................................................................................................3
Share Prices React to Information from Various Sources........................................................................................3
Share Price of the Last Two Years of “The Reject Shop”.......................................................................................3
Information that May Have Impacted the Firm’s Share Price in 2017 and 2018....................................................4
FY 2017................................................................................................................................................................4
FY 2018................................................................................................................................................................5
Conclusion................................................................................................................................................................6
References................................................................................................................................................................8
3CONTEMPORARY ISSUES IN ACCOUNTING
Introduction
Proper utilization of accounting information by the investors has major significance in the accounting
profession because it helps in addressing the crucial issue of whether the investors have used the accounting
information for the purpose of investment decision-making. In this situation, Capital Market Research helps in
the exploration of the reaction of the investors towards the release of various information that includes
accounting information. This helps in exploring the reaction of the share prices towards various released
information along with the accounting information (Kristoufek and Vosvrda, 2013). Capital market research
helps in addressing two crucial aspects; that are the impact of the release of accounting information on the share
price and the particular types of accounting information that is relevant for the valuation of the share prices
within the organizations that is the information which is the cause of the change or reaction in the share prices.
Therefore, it is of utmost importance to consider the impact of the accounting and other information on the share
prices of the firms. The main aim of this report is to analyse the information that may have impacted the price of
the shares of The Reject Shop, an ASX listed company, by taking into consideration the share prices of last two
years which are 2018 and 2017.
Share Prices React to Information from Various Sources
It needs to be mentioned that the information released by the companies related to the companies’
earnings has great impact on the share prices; such as increase or decrease in revenue, increase or decrease in
expenses, profit or loss, investment and many others. Apart from the earnings related information, there are
many other things or news that have major impact on the share price of the companies (Bhattacharya, Desai and
Venkataraman, 2013). Some of them are the news regarding the resignation of the senior executives, rumours of
takeover posted on various discussion sites in internet, issues raised by the auditors, industry-wide changes like
the associated impact of the introduction of a new legislation and others. Therefore, it is needed to take into
consideration both types of information. In case there is any reaction in the share price, it is an indicator that the
information has content. Equally, in case there is not any reaction in the share price, it is an indicator that the
news failed in acting to the cause of the market (Cont, Kukanov and Stoikov, 2014).
Share Price of the Last Two Years of “The Reject Shop”
The following table shows the information of the share prices of The Reject Shop for the last two years
which are 2018 and 2017.
Introduction
Proper utilization of accounting information by the investors has major significance in the accounting
profession because it helps in addressing the crucial issue of whether the investors have used the accounting
information for the purpose of investment decision-making. In this situation, Capital Market Research helps in
the exploration of the reaction of the investors towards the release of various information that includes
accounting information. This helps in exploring the reaction of the share prices towards various released
information along with the accounting information (Kristoufek and Vosvrda, 2013). Capital market research
helps in addressing two crucial aspects; that are the impact of the release of accounting information on the share
price and the particular types of accounting information that is relevant for the valuation of the share prices
within the organizations that is the information which is the cause of the change or reaction in the share prices.
Therefore, it is of utmost importance to consider the impact of the accounting and other information on the share
prices of the firms. The main aim of this report is to analyse the information that may have impacted the price of
the shares of The Reject Shop, an ASX listed company, by taking into consideration the share prices of last two
years which are 2018 and 2017.
Share Prices React to Information from Various Sources
It needs to be mentioned that the information released by the companies related to the companies’
earnings has great impact on the share prices; such as increase or decrease in revenue, increase or decrease in
expenses, profit or loss, investment and many others. Apart from the earnings related information, there are
many other things or news that have major impact on the share price of the companies (Bhattacharya, Desai and
Venkataraman, 2013). Some of them are the news regarding the resignation of the senior executives, rumours of
takeover posted on various discussion sites in internet, issues raised by the auditors, industry-wide changes like
the associated impact of the introduction of a new legislation and others. Therefore, it is needed to take into
consideration both types of information. In case there is any reaction in the share price, it is an indicator that the
information has content. Equally, in case there is not any reaction in the share price, it is an indicator that the
news failed in acting to the cause of the market (Cont, Kukanov and Stoikov, 2014).
Share Price of the Last Two Years of “The Reject Shop”
The following table shows the information of the share prices of The Reject Shop for the last two years
which are 2018 and 2017.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
4CONTEMPORARY ISSUES IN ACCOUNTING
(Source: rejectshop.com.au, 2019)
It can be seen from the above table that there is a 66.6% decline from the opening share price of The
Reject Shop to closing share price in 2017. In addition, the closing share price of the firm has increased by
36.5% from its opening price in the year. When comparing between these two years, the closing share price of
The Reject Shop has increased in 2018 from 2017 (rejectshop.com.au, 2019).
Information that May Have Impacted the Firm’s Share Price in 2017 and 2018
It needs to be mentioned that are certain information of The Reject Shop in 2018 and 2017 that have
impacted the share price of The Reject Shop in these two years. These are discussed below:
FY 2017
Resignation of a Director – On 23 June 2017, The Reject Shop announced the news of retirement of Ms
Conrad from the Board effective from 30 June 2017. According to the Chairman, Mr Bill Stevens, Ms Conrad
has significant contribution towards the success of the company over the year in the areas like Audit and Risk
Committee, Remuneration Committees and others. This information may have negatively impacted the share
price (asx.com.au, 2019).
(Source: rejectshop.com.au, 2019)
It can be seen from the above table that there is a 66.6% decline from the opening share price of The
Reject Shop to closing share price in 2017. In addition, the closing share price of the firm has increased by
36.5% from its opening price in the year. When comparing between these two years, the closing share price of
The Reject Shop has increased in 2018 from 2017 (rejectshop.com.au, 2019).
Information that May Have Impacted the Firm’s Share Price in 2017 and 2018
It needs to be mentioned that are certain information of The Reject Shop in 2018 and 2017 that have
impacted the share price of The Reject Shop in these two years. These are discussed below:
FY 2017
Resignation of a Director – On 23 June 2017, The Reject Shop announced the news of retirement of Ms
Conrad from the Board effective from 30 June 2017. According to the Chairman, Mr Bill Stevens, Ms Conrad
has significant contribution towards the success of the company over the year in the areas like Audit and Risk
Committee, Remuneration Committees and others. This information may have negatively impacted the share
price (asx.com.au, 2019).
5CONTEMPORARY ISSUES IN ACCOUNTING
Appointment of New Director – On 14 September 2017, the chairman of The Reject Shop announced the
appointment of Ms Michele Teague as the new member of the Board of Directors of the company effective from
Monday 18 September 2017. This is such information which may have positive impact on the share prices of the
company (asx.com.au, 2019).
Chairman’s and Managing Director’s AGM Address – On 18 October 2017, both the Chairman and
Managing Director of The Reject Shop addressed various issues for the betterment of the company. The aspects
of strategic direction, strategic updates and trading condition were addressed for better financial and operational
performance of the company (asx.com.au, 2019). These positive aspects might have impacted the share price of
the company.
Lapse of Performance Right – Lapse of the performance rights of The Reject Shop was a crucial information
for the investors that was disclosed on 20 June 2017. The total number of lapsed performance rights was
118,400 and the number of remaining performance rights was 306,200 (asx.com.au, 2019). This can be
considered as a negative information that might have affected the share prices of the company.
Half Year’s Result Presentation – The Reject Shop published the half-yearly financial results of the business
which showed a 2% increase in the total sales of the company to $432.9 million. The negative aspects were
2.7% decrease in EBITDA to $35.1 million and 4.4% decrease in NPAT to $17.5 million. It showed strong
balance sheet with a net cash of $20.9 million and a final dividend of 24 cps. This can be considered as crucial
information that might have impacted the share price of The Reject Shop in 2017 (asx.com.au, 2019).
Decrease in NPAT – In the media announcement on 23 August 2017, The Reject Shop showed that there was a
27.8% decrease in the Net Profit after Tax (NPAT) from $17.1 million in 2016 to $12.3 million in 2017. At the
same time, there was also decrease in sales, Earnings before Interest, Tax, Depreciation and Amortization
(EBITDA) and Earnings before Interest and Tax (EBIT) (rejectshop.com.au, 2019).
FY 2018
Half Year Result Presentation – On 21 February 2018, The Reject Shop published their half-yearly financial
results. This result shows increase in the company’s sales, EBITDA, EBIT and NPAT. These are positive news
about the company which might have impacted the share price of the company (asx.com.au, 2019).
Appointment of New Director – On 14 September 2017, the chairman of The Reject Shop announced the
appointment of Ms Michele Teague as the new member of the Board of Directors of the company effective from
Monday 18 September 2017. This is such information which may have positive impact on the share prices of the
company (asx.com.au, 2019).
Chairman’s and Managing Director’s AGM Address – On 18 October 2017, both the Chairman and
Managing Director of The Reject Shop addressed various issues for the betterment of the company. The aspects
of strategic direction, strategic updates and trading condition were addressed for better financial and operational
performance of the company (asx.com.au, 2019). These positive aspects might have impacted the share price of
the company.
Lapse of Performance Right – Lapse of the performance rights of The Reject Shop was a crucial information
for the investors that was disclosed on 20 June 2017. The total number of lapsed performance rights was
118,400 and the number of remaining performance rights was 306,200 (asx.com.au, 2019). This can be
considered as a negative information that might have affected the share prices of the company.
Half Year’s Result Presentation – The Reject Shop published the half-yearly financial results of the business
which showed a 2% increase in the total sales of the company to $432.9 million. The negative aspects were
2.7% decrease in EBITDA to $35.1 million and 4.4% decrease in NPAT to $17.5 million. It showed strong
balance sheet with a net cash of $20.9 million and a final dividend of 24 cps. This can be considered as crucial
information that might have impacted the share price of The Reject Shop in 2017 (asx.com.au, 2019).
Decrease in NPAT – In the media announcement on 23 August 2017, The Reject Shop showed that there was a
27.8% decrease in the Net Profit after Tax (NPAT) from $17.1 million in 2016 to $12.3 million in 2017. At the
same time, there was also decrease in sales, Earnings before Interest, Tax, Depreciation and Amortization
(EBITDA) and Earnings before Interest and Tax (EBIT) (rejectshop.com.au, 2019).
FY 2018
Half Year Result Presentation – On 21 February 2018, The Reject Shop published their half-yearly financial
results. This result shows increase in the company’s sales, EBITDA, EBIT and NPAT. These are positive news
about the company which might have impacted the share price of the company (asx.com.au, 2019).
6CONTEMPORARY ISSUES IN ACCOUNTING
Dividend Distribution – On 21 February 2018, The Reject Shop announced the declaration of dividend
distribution and the dividend amount was AUD 0.24000000 per security. This is a major information that might
have impacted the share price of the firm (asx.com.au, 2019).
The Demise of Mr Denis Westhorpe – Non-Executive Director – On 5 April 2018, the directors of The
Reject Shop disclosed the news of demine of one of their Non-Executive Directors, Denis Westhorpe on 2 April
2018. This is an important information for affecting the amount of share price of the company (asx.com.au,
2019).
Directors Appointment – On 22 August 2018, the board of The Reject Shop announced the appointment of Ms
Selina Lightfoot in the Board of Directors from 23 August 2018. On 30 November 2018, the company also
announced the appointment of Matthew Campbell and Jack Hanrahan as the two members of the Board of
Directors of the company. This information might have impacted the share price of the firm (asx.com.au, 2019).
Corporate Governance Statement – In the year of 2018, The Reject Shop policed their Corporate Governance,
Environmental Social Statement and Financial Report for the period ended 1 July 2018. This is a crucial
information that might have impacted the share price of the company (asx.com.au, 2019).
Intention to Make Takeover Bid – It was announced on 21 November 2018 that Bell Potter on behalf of
Bidder would buy the share of The Reject Shop on-market from the date and time of announcement. In addition,
Allensford announced an unconditional on-market offer for The Reject Shop. This information regarding
takeover was one crucial information having impact on the share price of the company with an offer of $2.70
cash per TRS share (asx.com.au, 2019).
Bidder’s Statement – On 21 November 2018, the bidder’s statement in related to Allensford’s on-market bid
was enclosed as well as lodged with the Australian Securities and Investment Commission (asx.com.au, 2019).
Target’s Statement – On 3 December 2018, the directors of The Reject Shop unanimously recommended that
they reject the order. The directors mentioned that the offer contributed towards the undervaluation of the shares
of the company. This can be considered as one of the most crucial information that might have major impact on
the share price of the company (asx.com.au, 2019).
Conclusion
The above discussion indicates towards the crucial fact that information of certain events have impact
on the share prices of the companies along with companies’ earnings related information. It can be seen from the
Dividend Distribution – On 21 February 2018, The Reject Shop announced the declaration of dividend
distribution and the dividend amount was AUD 0.24000000 per security. This is a major information that might
have impacted the share price of the firm (asx.com.au, 2019).
The Demise of Mr Denis Westhorpe – Non-Executive Director – On 5 April 2018, the directors of The
Reject Shop disclosed the news of demine of one of their Non-Executive Directors, Denis Westhorpe on 2 April
2018. This is an important information for affecting the amount of share price of the company (asx.com.au,
2019).
Directors Appointment – On 22 August 2018, the board of The Reject Shop announced the appointment of Ms
Selina Lightfoot in the Board of Directors from 23 August 2018. On 30 November 2018, the company also
announced the appointment of Matthew Campbell and Jack Hanrahan as the two members of the Board of
Directors of the company. This information might have impacted the share price of the firm (asx.com.au, 2019).
Corporate Governance Statement – In the year of 2018, The Reject Shop policed their Corporate Governance,
Environmental Social Statement and Financial Report for the period ended 1 July 2018. This is a crucial
information that might have impacted the share price of the company (asx.com.au, 2019).
Intention to Make Takeover Bid – It was announced on 21 November 2018 that Bell Potter on behalf of
Bidder would buy the share of The Reject Shop on-market from the date and time of announcement. In addition,
Allensford announced an unconditional on-market offer for The Reject Shop. This information regarding
takeover was one crucial information having impact on the share price of the company with an offer of $2.70
cash per TRS share (asx.com.au, 2019).
Bidder’s Statement – On 21 November 2018, the bidder’s statement in related to Allensford’s on-market bid
was enclosed as well as lodged with the Australian Securities and Investment Commission (asx.com.au, 2019).
Target’s Statement – On 3 December 2018, the directors of The Reject Shop unanimously recommended that
they reject the order. The directors mentioned that the offer contributed towards the undervaluation of the shares
of the company. This can be considered as one of the most crucial information that might have major impact on
the share price of the company (asx.com.au, 2019).
Conclusion
The above discussion indicates towards the crucial fact that information of certain events have impact
on the share prices of the companies along with companies’ earnings related information. It can be seen from the
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
7CONTEMPORARY ISSUES IN ACCOUNTING
above discussion that The Reject Shop witnessed certain incidents or events and the information of these
incidents or evens might have impacted the share price of the company either in positive manner or negative
manner. For example, incidents having positive impact on share prices are the appointment of new directors,
disclosure of dividend, take-over related news and others. On the other hand, information having negative
impact on the share prices are retirement or demise of directors, rejection of attractive takeover bid and others.
above discussion that The Reject Shop witnessed certain incidents or events and the information of these
incidents or evens might have impacted the share price of the company either in positive manner or negative
manner. For example, incidents having positive impact on share prices are the appointment of new directors,
disclosure of dividend, take-over related news and others. On the other hand, information having negative
impact on the share prices are retirement or demise of directors, rejection of attractive takeover bid and others.
8CONTEMPORARY ISSUES IN ACCOUNTING
References
Asx.com.au. (2019). [online] Available at: https://www.asx.com.au/asxpdf/20181203/pdf/440wjm0x8p03x9.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20170623/pdf/43k46ymqtmv69m.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20170914/pdf/43m9zq392tm3hx.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20171018/pdf/43nbs00xxxvwnd.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20170620/pdf/43k1qv9bwpnpb2.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20170222/pdf/43g5tz8yz6d2f7.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20180221/pdf/43rrg71t2qymv6.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20180221/pdf/43rrjhzfgj09zx.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20180405/pdf/43szbkpw93x6hy.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20180822/pdf/43xjzdk6m520gy.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20181130/pdf/440t782b9ckp0b.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20180903/pdf/43xzq3wzfx9rtc.pdf
[Accessed 31 Jul. 2019].
References
Asx.com.au. (2019). [online] Available at: https://www.asx.com.au/asxpdf/20181203/pdf/440wjm0x8p03x9.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20170623/pdf/43k46ymqtmv69m.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20170914/pdf/43m9zq392tm3hx.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20171018/pdf/43nbs00xxxvwnd.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20170620/pdf/43k1qv9bwpnpb2.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20170222/pdf/43g5tz8yz6d2f7.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20180221/pdf/43rrg71t2qymv6.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20180221/pdf/43rrjhzfgj09zx.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20180405/pdf/43szbkpw93x6hy.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20180822/pdf/43xjzdk6m520gy.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20181130/pdf/440t782b9ckp0b.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20180903/pdf/43xzq3wzfx9rtc.pdf
[Accessed 31 Jul. 2019].
9CONTEMPORARY ISSUES IN ACCOUNTING
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20181121/pdf/440h58rxl2w91j.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20181121/pdf/440h5j3sw601zm.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20181121/pdf/440h5xzz2zsfd6.pdf
[Accessed 31 Jul. 2019].
Bhattacharya, N., Desai, H. and Venkataraman, K., 2013. Does earnings quality affect information asymmetry?
Evidence from trading costs. Contemporary Accounting Research, 30(2), pp.482-516.
Cont, R., Kukanov, A. and Stoikov, S., 2014. The price impact of order book events. Journal of financial
econometrics, 12(1), pp.47-88.
Kristoufek, L. and Vosvrda, M., 2013. Measuring capital market efficiency: Global and local correlations
structure. Physica A: Statistical Mechanics and its Applications, 392(1), pp.184-193.
Rejectshop.com.au. 2019. [online] Available at: https://www.rejectshop.com.au/medias/Media-Release-Final-
FY2017.pdf?
context=bWFzdGVyfHJvb3R8MTkyNzU5fGFwcGxpY2F0aW9uL3BkZnxoYjgvaDg4Lzg4MDE2OTg0MTQ2
MjIucGRmfDdlZTc0NjIzNzYwYzVhNDkwYzk5ZTIzMGU2MDk4MWMyNWI3ODMwZjdhYjM1YzU5Y2U
1N2MwMWMzNDM2NmY3NzU [Accessed 31 Jul. 2019].
Rejectshop.com.au. 2019. ANNUAL REPORT 2017/2018. [online] Available at:
https://www.rejectshop.com.au/medias/Appendix-4E-and-Annual-Report.pdf?
context=bWFzdGVyfGltYWdlc3w3NDM5NTU2fGFwcGxpY2F0aW9uL3BkZnxpbWFnZXMvaGQyL2gzYy8
4ODEyNjcyODc2NTc0LnBkZnwzZmM0NmRlMTFlMzRjYjU3ZDk3NmM2MmU5YjNjMTdmMzdlZTFhZTl
iZjRmOGExOTE3M2VlZjgyNTQyNGIwZjky [Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20181121/pdf/440h58rxl2w91j.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20181121/pdf/440h5j3sw601zm.pdf
[Accessed 31 Jul. 2019].
Asx.com.au. 2019. [online] Available at: https://www.asx.com.au/asxpdf/20181121/pdf/440h5xzz2zsfd6.pdf
[Accessed 31 Jul. 2019].
Bhattacharya, N., Desai, H. and Venkataraman, K., 2013. Does earnings quality affect information asymmetry?
Evidence from trading costs. Contemporary Accounting Research, 30(2), pp.482-516.
Cont, R., Kukanov, A. and Stoikov, S., 2014. The price impact of order book events. Journal of financial
econometrics, 12(1), pp.47-88.
Kristoufek, L. and Vosvrda, M., 2013. Measuring capital market efficiency: Global and local correlations
structure. Physica A: Statistical Mechanics and its Applications, 392(1), pp.184-193.
Rejectshop.com.au. 2019. [online] Available at: https://www.rejectshop.com.au/medias/Media-Release-Final-
FY2017.pdf?
context=bWFzdGVyfHJvb3R8MTkyNzU5fGFwcGxpY2F0aW9uL3BkZnxoYjgvaDg4Lzg4MDE2OTg0MTQ2
MjIucGRmfDdlZTc0NjIzNzYwYzVhNDkwYzk5ZTIzMGU2MDk4MWMyNWI3ODMwZjdhYjM1YzU5Y2U
1N2MwMWMzNDM2NmY3NzU [Accessed 31 Jul. 2019].
Rejectshop.com.au. 2019. ANNUAL REPORT 2017/2018. [online] Available at:
https://www.rejectshop.com.au/medias/Appendix-4E-and-Annual-Report.pdf?
context=bWFzdGVyfGltYWdlc3w3NDM5NTU2fGFwcGxpY2F0aW9uL3BkZnxpbWFnZXMvaGQyL2gzYy8
4ODEyNjcyODc2NTc0LnBkZnwzZmM0NmRlMTFlMzRjYjU3ZDk3NmM2MmU5YjNjMTdmMzdlZTFhZTl
iZjRmOGExOTE3M2VlZjgyNTQyNGIwZjky [Accessed 31 Jul. 2019].
1 out of 10
Related Documents
Your All-in-One AI-Powered Toolkit for Academic Success.
+13062052269
info@desklib.com
Available 24*7 on WhatsApp / Email
![[object Object]](/_next/static/media/star-bottom.7253800d.svg)
Unlock your academic potential
© 2024 | Zucol Services PVT LTD | All rights reserved.