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Business Administration

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Dr. Felix Afolabi

Associate Professor, Business Administration

Office: Room 634
Phone: 443-885-1687



Ph.D. in Organizational Leadership
University of Maryland Eastern Shore - Eastern Shore, Maryland

MBA in Finance
Earl Graves School of Business and Management
Morgan State University - Baltimore, Maryland

Bachelor of Science in Accounting
Norfolk State University - Norfolk, Virginia


Over the years, Dr. Felix Afolabi has taught various Courses at the Earl Graves School of Business and Management.  Among the courses taught are Principles of Accounting I & II, Intermediate Accounting I & II, Cost Accounting, Hospitality Management Accounting, Managerial Finance, Personal Finance, Financial Literacy, Human Resource Management, Organizational Behavior, Fundamental of Risk Management, Labor Management Relations, and Introduction to Business for Non-Business Major. 

Dr. Afolabi was a member of the committee that designed the Hospitality Management Accounting Course for accreditation purposes. This course was taught by Dr. Afolabi for several years, until 2001. 

Dr. Afolabi participated in designing the Financial Literacy course (FIN 101).  He also participated in the Quality Matters Online Course Design Training for Business, Ethics, and Society Course at Morgan to provide effective instructional tools to students. 

He has been part of the Open Learning Initiative (OLI) Training: Evidence-Based Management Certification at Morgan State University.

The Lumen Circles Grant, (University of Maryland, College Park) initiative was a training he was a part of. This is a Lime Circles Fellowship in Teaching with OER and Open Pedagogy.  It is a program to explore and apply Evidence-Based Teaching Practices to support student success.

Dr. Afolabi possesses a Maryland Life and Health License, as well as a Maryland Property and Casualty License.

Research Interests:

Fraud Risk Management in Taxation and Accounting; Remittances Effects; Accounting, Tax Reform and Policy; Leadership and Followership in Finance; and Business Management

Recent Publications:

Anoruo, E. & Afolabi, F. (October 27, 2023).  An Examination of the Effect of Financial Inclusion on Financial Stability: Evidence from a Panel of Ten African Countries.  Journal of Applied Business and Economics. Volume 25(6), 2023. 

Anoruo, E., Afolabi, F., & Nwala, K. (November 22, 2023).  Threshold Impact of Remittances on Real Exchange Rates for WAEMU: A Panel Smooth Transition Regression Approach. The Review of Black Political Economy, 1-19, Sage, 2023.

Recent Conferences & Presentations:

Anoruo, E., Nwala, K., & Afolabi, F. (October 05 – October 07, 2023).  The Role of Economic Freedom in Explaining the Relationship between Foreign Direct Investment and Gross Domestic Investment:  An Application of the JKS Panel Causality Test.  Annual Conference of the International Academy of Business (IAB), Howard University School of Business, Washington, D.C.

Afolabi, Fox J. T., & Anoruo E. (July 14 -July 16, 2023).  A Study of the Effects of Self-Employment Tax Avoidance on Social Security Benefits of Sole Proprietors.  2023 29TH Annual International Associations for Applied Management (IAAAM) Conference, Clearwater, Florida.

Anoruo, E., Afolabi, F., & Nwala, K. (December 16 – 18, 2022).  Threshold Impact of Remittances on Real Exchange Rates for WAEMU: A Panel Smooth Transition Regression Approach. International Academy of Business (IAB) Zoom Conference.