Tag Archives: tunneling

Investigating Tunneling from Nigerian non-finance Listed Companies (Published)

The study investigates directors tunnelling in Nigeria drawing samples from listed non-finance firms on the floor of the Nigerian Exchange Group market. While directors tunnelling proxied by directors’ remuneration is the dependent variable, the independent variables adopted for this study includes ownership concentration, big4 auditors, capital structure and cash holding. Furthermore, in line with related extant literature, we employed the variable of firm size to control our model. Data set employed in this study spans through the periods between 2011 and 2020. In the light of this, the empirical result of this study leads to the conclusion that out of the four independent variables adopted in this study, only big4 auditors and capital structure significantly affect directors tunnelling. Specifically, we conclude that when a big4 firm audit the accounts of the firms in our sample, directors tunnelling declines. Similarly, we conclude that the more a firm finances their operations through debt, directors tunnelling declines. Succinctly, we recommend that firms should strive towards debt financing while also seeking to employ the services of big4 auditors to keep at bay tunnelling among listed non-finance firms.

Citation: Aluwong Dogara Blessed  (2022) Investigating Tunneling from Nigerian non-finance Listed Companies, International Journal of Development and Economic Sustainability, Vol.10, No.1, pp.13-25

Keywords: Companies, Investigating, Nigeria, non-finance listed, tunneling

Four Mysteries Solved: Double-Slit, Spooky Action, Tunneling, and Accelerating Universe (Published)

There are more phenomena in quantum mechanics and in cosmology that we cannot imagine how they work. The four most known phenomena are the result of the double-slit experiment, the spooky action at a distance (the working method of the non-local correlation in quantum entanglement), how the tunneling works, and why the Universe accelerates. These phenomena cannot be explained in the system of the space-time model. We need a new model with a new axiom. Space-matter theory changes the axiom of space and time. Space waves. We can express spatial distances, time units and energy with space waves. Space is what the matter senses as space. Time is one characteristic of space waves. Using this new approach, we can solve our old mysteries.

Keywords: accelerating Universe, double-slit, space wave, space-matter theory, spooky action, tunneling

Four Mysteries Solved: Double-Slit, Spooky Action, Tunneling, and Accelerating Universe (Published)

There are more phenomena in quantum mechanics and in cosmology that we cannot imagine how they work. The four most known phenomena are the result of the double-slit experiment, the spooky action at a distance (the working method of the non-local correlation in quantum entanglement), how the tunneling works, and why the Universe accelerates. These phenomena cannot be explained in the system of the space-time model. We need a new model with a new axiom. Space-matter theory changes the axiom of space and time. Space waves. We can express spatial distances, time units and energy with space waves. Space is what the matter senses as space. Time is one characteristic of space waves. Using this new approach, we can solve our old mysteries.

Keywords: accelerating Universe, double-slit, space wave, space-matter theory, spooky action, tunneling