DETERMINANTS OF BOARD SIZE AND COMPOSITION: A COMPARATIVE STUDY OF NIGERIAN AND MALAYSIAN QUOTED COMPANIES

The broad objective of the study is to examine the determinants of board size and composition in Nigerian and Malaysian quoted banks.The population of the study is the universe of banks quoted on the Nigerian and Malaysian Stock Exchanges as at 31st December 2014. A sample of fourteen (14) banks for Nigeria and a sample of eighteen (18) banks for Malaysia were purposively selected for the study. The study employed panel regression technique based on the quality of unbiasedness, increased data point, and control for individual heterogeneity. To test the accuracy of the model, we employed the classical regression assumption tests of normality, heteroskedasticity, serial correlation and multicollinearity. The study revealed a significant relationship between firm size and board size and composition.The impact of firm size on board size was positive in the case of Nigeria but negative in the Malaysian case. The impact on board composition is positive in the case of Malaysia but negative in the Nigerian case. The relationship between free cash flow and board size was negative but significant only in the Malaysian case. The impact of free cash flow on board composition was positive and significant only in the Nigerian case. The mixed result between firm size and board size and composition calls for moderately sized firms. The increased free cash flow increases the potentials for private benefit and calls for increased ratio of external to internal board members for more effective monitoring

SYNTHESIS OF SOME NOVEL BENZIMIDAZOL-2-ONE DERIVATIVES

For the development of medical and pharmaceutical chemistry is essential to optimize and change relevant structures, possessing biological activity. Herein we report the synthesis of some novel 1H-benzimidazolon-2-one derivatives using aza-Michael addition.For the development of medical and pharmaceutical chemistry is essential to optimize and change relevant structures, possessing biological activity. Herein we report the synthesis of some novel 1H-benzimidazolon-2-one derivatives using aza-Michael addition

DETERMINANTS OF ABNORMAL AUDIT FEES IN NIGERIAN QUOTED COMPANIES

The aim of the study is to investigate the determinants of abnormal audit fees in Nigerian quoted companies, with specific emphasis on how the firm size, Big4, profitability, joint audit, and leverage impact on abnormal audit fee. The study involved about eighty four (84) manufacturing companies quoted on the Nigerian Stock Exchange as at 31st December 2014. A sample of 56 companies representing 67% was finally selected for the study. Panel regression estimation technique was used in the analysis of the variables. The choice of the panel regression technique is premised on its quality of unbiasedness, increased data point, and control for individual heterogeneity. To test the accuracy of the model, we employed the classical regression assumption tests of normality, heteroskedasticity, serial correlation and multi co-linearity. The study found a positive and statistically significant relationship between the interaction of Big 4 audit firms and firm size and the dependent variable of abnormal audit fees which implies that large firms using Big 4 audit firms tend to pay abnormal audit fees. We, therefore, recommend that large firms should patronise reputable indigenous audit firms

Synthesis Of Some Novel Benzimidazol-2-one Derivatives

For the development of medical and pharmaceutical chemistry is essential to optimize and change relevant structures, possessing biological activity. Herein we report the synthesis of some novel 1H-benzimidazolon-2-one derivatives using aza-Michael addition