Doctor of Philosophy (Ph.D.)

Finance
Old Dominion University
2013

Master of Arts (M.A.)

Economics
Old Dominion University
2012

Master of Science (M.S.)

Finance
The Johns Hopkins University
2005

Bachelor of Business Administration (B.B.A.)

Accounting (magna cum laude)
Howard University
1984

Accounting

Specialty Areas: Accounting & Financial Social Justice, Corporate and Household Finance, Financial Markets and Institutions, Financial Planning/Wealth Management, Investments

Corporate Finance

Business Finance/ Finance Principles

Financial Management (BBA & MBA)

Financial Statement Analysis

Financial Markets and Institutions (B.B.A. & M.B.A.)

Financial Planning and Wealth Management

Principles of Personal Financial Planning

Wealth Management and Estate Planning

Psychology and Development of Financial Plans

Investments

Investment Banking

Principles of Investments

Investment Analysis and Portfolio Management (MBA)

Managerial Economics

Secured Grant from CIBER CMCC to fund HBCU Global Business Challenge

Secured Grant from Charles Schwab Foundation to Demystify the Registered Investment Advisor industry and close the U.S. wealth gap

Using qualitative research to effect change: African/American accountants in Black and White

Using qualitative research to effect change: African/American accountants in Black and White

This articles shares reflections of the authors’ experiences in researching Black accountants in the United States and South Africa, and the connections between research and activism.

The Response of U.S.-based Commercial Banks to Credit Stimuli

The Response of U.S.-based Commercial Banks to Credit Stimuli

The 2008 financial crisis that started in the United States went global as its impact spread to the countries of the world. The European Union (EU) was no exception. This paper explores the response of commercial banks based in the EU countries of France, Germany, and the United Kingdom (to be referred to as “EU3”) Specifically, loan-level data is used to conduct univariate and regression analyses to address the research question of, “Did commercial banks based in France, Germany, and the United Kingdom respond to credit stimuli with increased commercial lending during the stimulus period of October 1, 2007 through September 30, 2011 when compared to the non-stimulus period of October 1, 2002 through September 30, 2006 five years prior?”. The univariate and regression analyses reveal results for the EU3 countries. The univariate analysis of loan-level data reflects an increase of $18 billion. This result informs us that commercial lending increased during the stimulus period in the EU3 countries. However, the regression analysis reports a lack of significance in eight of the nine stimuli studied. This result infers that the increase in commercial lending is not in response to the credit stimuli provided to the EU-based commercial banks studied. This research contributes new findings to the financial literature.

Active Learning with a Trading Simulation

Active Learning with a Trading Simulation

Despite substantial evidence of the learning value of trading simulations, they are rarely used in practice, mainly due to lack of supporting resources for faculty and the additional cost normally borne by students. This paper describes and discusses the most comprehensive and popular live trading simulation (StockTrak), which can be used in a variety of finance courses to enhance active learning by students. The objective of the simulation is to develop the analytical and decision-making skills of students, and to strengthen their knowledge.

A Study of the Lead-Lag Relationship between Price Change and Trading Volume in Futures Markets using High-Frequency Data

A Study of the Lead-Lag Relationship between Price Change and Trading Volume in Futures Markets using High-Frequency Data

This paper uses high-frequency, tick-level data to examine the causal relationship between price change, trading volume and volatility in the S&P 500 index futures market. Based on 327,860 observations during the pre-2008 financial crisis period of 2005 through 2007, we find significant evidence of a bidirectional impact at up to three to four lags, in minutes, at the return level. Prior research that used daily data could not have captured this impact. At the volatility level, we find that volume has predictive power to forecast return volatility starting at lag three, which is consistent with the sequential information arrival hypothesis.

Book Chapter: African Americans and Certified Public Accounting

Chapter 11: African Americans and Certified Public Accounting in Critical Histories of Accounting: Sinister Inscriptions in the Modern Era

The critical tradition in accounting historiography has come to occupy a prominent place in the discipline’s academic scholarship. Some critical literature has confronted the responsibility of accounting and accountants in precipitating contemporary crises, such as the audit failures that spawned Sarbanes-Oxley and the world-wide recession. Certain contemporary issues have long histories, such as the difficulties encountered by women to break the glass ceiling in public accounting, and the suffering of indigenous peoples under the imperialistic yoke. Other episodes in accounting’s long history are seemingly more divorced from the present, but in reality they all have contemporary significance. Slavery in the New World, for example, although abolished more than a century ago, is still rampant in parts of the world, albeit less formally. Critical accounting historians feel it a duty to harken to the "suppressed voices" of the past, those groups of people who had no access to an accounting record – women, persons of color, indigenous populations, alienated proletarians, victims of governmental incompetence and graft, and many voiceless others.

Critical Histories of Accounting: Sinister Inscriptions in the Modern Era draws on the foremost work in this developing literature, both that authored by the co-editors of this volume, and that written by others.

Overcoming Barriers: Early African-American Certified Public Accountants

Overcoming Barriers: Early African-American Certified Public Accountants

This study challenges the notion that public accounting firms in the United States have provided equality of opportunity. Utilizing theories of racism and recognizing the importance of highlighting hidden histories, it examines the early history of African Americans in public accounting. Through examinations of the literature and interviews with several of the first African Americans to obtain the CPA, this paper demonstrates that African Americans were actively excluded from full participation in the field for most of this century.