Collins Okafor

Associate Professor of Finance

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College

College of Business & Economics

Department

Accounting and Finance

Contact

Merrick Hall 205

E: ceokafor@ncat.edu

P: 336-285-3378

Education

M.S.Data Science and Engineering / North Carolina A&T State University

M.S.Business Analytics / University of North Carolina at Wilmington

OtherCertified Financial Modeling & Valuation Analyst (FMVA) / Corporate Finance Institute

Ph.D.International Business Administration (Major Conc: Finance) / Texas A&M International University

M.S.Information Systems / Texas A&M International University

MPAAccounting / Texas A&M International University

MBAInternational Banking and Finance / Texas A&M International University

BBAAccounting Information System / Stetson University

Bio

Dr. Collins E. Okafor is an Associate Professor of Finance. From 2018 to 2023, he served as faculty advisor for the Student Managed Investment Fund (SMIF). He is the Vice President (Local) for the Southwestern Finance Association (SWFA) for the 2024/2025 term and a member of the Board of Directors 2025/2028. He won Academic Advisor of the Year in 2018.

Dr. Okafor earned his Ph.D. in Finance from Texas A&M International University and holds an MBA in International Banking & Finance, a Master of Accounting (MPAcc), M.Sc. Info. Systems, MS. Business Analytics, and MSc. Computational Data Science & Engineering. He is a Certified Financial Modeling & Valuation Analyst (FMVA).
His professional experience includes roles as a Credit Analyst for Wachovia Bank, Property Agent for VIP Realty Associates, and Investment Consultant for Reinvent Rebuild Group (2011–2014). His academic and industry experience equips him to prepare students for real-world success in finance.

Research Interests

Dr. Okafor's research interests encompass a diverse spectrum within the field of Corporate Finance, with a particular emphasis on Bankruptcy Risk, Environmental, Social, and Governance (ESG) considerations, Board Co-option, Executive Compensation, Earnings Management, Corporate Governance, Stakeholder Capitalism, and CSR. His scholarly pursuits extend to emerging financial technologies, including FinTech, Cryptocurrency, and Decentralized Finance (DeFi), as well as financial analysis and security valuation.

Dr. Okafor’s research has been published in respected peer-reviewed academic journals, including the Journal of Experimental & Behavioral Finance, International Managerial Finance, Managerial Finance, Applied Economics, Accounting Research Journal, Frontiers in Psychology, Sustainability, and various other high-impact publications. His contributions offer valuable insights into financial decision-making, regulatory implications, and the evolving dynamics of modern financial systems.

Recent Publications

Md Nazmul Hasan Bhuyan, Collins Okafor, Eunho Cho (2022). (Do friendly boards impact the value of real options?). Journal of Behavioral and Experimental Finance.
Donseung Choi, Kevin L James, Collins Okafor, Eunho Cho, Md Nazmul Bhuyan (2022). (The Effects of Executives’ Education and Compensation on Firm Value: Evidence from China). pp. 1-19. Applied Economics.
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.
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.
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.
Nacasius Ujah, jorge brusa, Collins Okafor (2017). (The Influence of Earnings Management and Bank Structure on Bank Performance: International Evidence). (7) 43, Managerial Finance.
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.
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.
Yuka Nishikawa, Mohammad Hashemi Joo, Collins Okafor (Board co-option and employee welfare). Managerial Finance.
Manuchehr Shahrokhi, Ali Parhizgari, Mohammad Joo, Collins Okafor, Yuka Nishikawa, Alireza Dastan (Corporate governance and stakeholder capitalism). (ahead-of-print) ahead-of-print, Managerial Finance.
Jangsoon Kim, Donseung Choi, Eunho Cho, Collins Okafor, Byung Park (Corporate Sustainability in the Wake of the COVID-19 Global Pandemic: Does CSR Enhance Corporate Survival during a Market Crisis?). (21) 14, pp. 14438. Sustainability.
Collins Okafor, Nacasius Ujah, Eunho Cho, Winifred Okafor, Kevin James (The Moderating Effect of a Golden Parachute on the Association between CSR and Firm Value: Does Gender-Driven Innovation Matter?). (6) 15, pp. 5483. Sustainability.