Collins Emeka Okafor

Assistant Professor of Finance

Collins Emeka Okafor
College of Business & Economics

Accounting and Finance

Merrick Hall 205
BBAAccounting Information System / Stetson University
MBAInternational Banking and Finance / Texas A&M International University
MPAAccounting / Texas A&M International University
M.S.Information Systems / Texas A&M International University
Ph.D.International Business Administration (Major Conc: Finance) / Texas A&M International University
OtherCertified Financial Modeling & Valuation Analyst (FMVA) / Corporate Finance Institute


Dr. Okafor obtained his Ph.D. (Finance Concentration) from Texas A&M Intl University. He is the faculty advisor for the Student Managed Investment Fund (SMIF). As of the beginning of the first quarter of 2021, the SMIF has over $110,000 under management in the all-equity portfolio. This represents a 98% growth since its initial investments in the last quarter of 2018. Dr. Okafor also holds an MBA-International Banking & Finance, Master of Accounting (MPacc), M.Sc -Information Systems, and he is a Certified Financial Modelling & Valuation Analyst (FMVA). Dr. Okafor's teaching interests include Corporate Finance and Investments management related topics.

Research Interests

Dr. Okafor's research interest encompasses the following areas of Corporate Finance: Corporate Bankruptcy Risk, Dividend Policy, Capital Structure & Cost of Capital, Executive Compensation, Earnings Management, Corporate Governance, and CSR. His research interest also includes financial statement analysis & security valuation

Recent Publications

  • L Murphy Smith, Aditya Limaye, Yundong William Huang, Collins Okafor (2011). (Accounting, IFRS, and Capital Markets in India, Singapore, and South Africa). (4) 26, pp. 32. Internal Auditing-Boston.
  • Collins Okafor, N Ujah, A Elkassabgi, W Ajalie (2011). (Democracy and FDI inflow: Evidence of discordance in sub-Saharan Africa). 63, pp. 140–149. International Research Journal of Finance and Economics.
  • Collins Okafor, Aziz Bakay, Nacasius Ujah (2011). (Factors Explaining ICT Diffusion: Case Study of Selected Latin American Countries). (2) 3, International Journal on Advances in ICT for Emerging Regions (ICTer).
  • Nacasius Ujah, Collins Okafor (2011). (UNLEASHING THE CRACKEN: DOES INTERNET FINANCIAL REPORTING MATTER IN AFRICA). (1) 5, pp. 87–97. International Journal Of The Academic Business World.
  • Collins Okafor, L. Smith, Nacasius Ujah (2014). (Kleptocracy, nepotism, kakistocracy: impact of corruption in Sub-Saharan African countries). (2) 5, pp. 97. International Journal of Economics and Accounting.
  • Nacasius Ujah, jorge brusa, Collins Okafor (2017). (The Influence of Earnings Management and Bank Structure on Bank Performance: International Evidence). (7) 43, Managerial Finance.
  • Nacasius Ujah, Collins Okafor (2019). (Managed earnings, prior cost of capital, and firm location). (1) 16, pp. 61-82. International Journal of Managerial Finance.
  • Nacasius Ujah, Collins Okafor (2019). (The effect of a golden parachute on managed earnings). (7) 45, pp. 925-949. Managerial Finance.
  • Collins Okafor, Nacasius Ujah (2020). (Executive compensation and corporate social responsibility: does a golden parachute matter?). (5) 16, pp. 575-598. International Journal of Managerial Finance.
  • Nacasius Ujah, Augustine Tarkom, Collins Okafor (2020). (Working capital management and managerial talent). (ahead-of-print) ahead-of-print, International Journal of Managerial Finance.
  • Eunho Cho, Collins Okafor, Nacasius Ujah, Linmei Zhang (2021). (Executives’ gender-diversity, education, and firm’s bankruptcy risk: Evidence from China). pp. 100500. Journal of Behavioral and Experimental Finance.