Dr. Ayadi received the doctorate degree in Finance from The University of Mississippi.  His several years of academic experience includes positions at the University of Lagos, Nigeria, LeMoyne-Owen College, Memphis, TN., Georgia Southern University, Stateboro, GA , Savannah State University, Savannah, GA, Fayetteville State University, Fayetteville, NC and Pfeiffer University, Charlotte, NC.  He is currently Professor of Finance at the Jesse H. Jones School of Business, Texas Southern University, Houston, TX.  Dr. Ayadi has published over forty-five refereed articles in several academic journals including: Journal of Banking and Finance; Global Finance Journal; Journal of Multinational Financial Management; The International Journal of Finance; International Review of Financial Analysis; Journal of Emerging Markets; Journal of Asian and African Studies; OPEC Review; Journal of Black Studies; American Business Review; African Review of Money, Banking & Finance; Financial Services Review; Global Business Journal; Savings and Development Quarterly Review; Nigerian Journal of Economic and Social Studies; Managerial Finance; Journal of Instructional Psychology and The Journal of Applied Business Research.  His first book, entitled, Modern Commerce in West Africa was published in summer, 1995.

He serves on the executive of the International Academy of African Business and Development (IAABD) as Proceedings Editor.

He serves on the executive of the International Association of Nigerian Studies and Development as Publicity Secretary.

He is a member of the Editorial Board of the Journal of African Business.

He served as Vice Chair, Faculty Senate of Fayetteville State University, North Carolina from 1999 through 2000.

He served as Chair, Faculty Senate of Fayetteville State University, North Carolina from 2000 through 2001.

He is currently a member of the Research Council at Texas Southern University.

He is also the Editor of Southwestern Business Administration Journal, a journal that is published by the Jesse H. Jones School of Business at Texas Southern University.

Dr. Ayadi is listed in the Marquis Who’s Who in America (2000-to date), Who’s Who Among America’s Teachers (1998 & 2000), School of Business & Economics, Fayetteville State University Teacher of the Year (2001/02 &1998/99), Outstanding Service Award from the Faculty Senate, Fayetteville State University (1999-2001), ANBAR Citation of Excellence in Highest Rating for a paper he published in Managerial Finance in 1998, The Pee Dee Newspaper Group - Times Upstate Newspaper Positive Image Award in 1996.  His other honors include: Author of  Best Article Award in the Applied Category from the Fogelman School of Business and Economics at the University of Memphis in 1995. Nissan Fellow in Finance in 1994, United States Achievement Academy Award in 1989, and All American Scholar in 1989.

        CTP (Certified Treasury Professional)
                American Association for Financial Professionals
                July, 2002

        Ph.D. Business Administration (Finance)
                University of Mississippi
                University, MS. (1991)

        M.S. Finance
                University of Lagos
                Lagos, Nigeria. (1983)

        B.S. Finance and Banking, Second Class Upper Division
                University of Lagos
                Lagos, Nigeria. (1980)

Business Finance & Investment, Econometrics and
Money & Financial Institutions

Editor, Southwestern Business Administration Journal (SBAJ), 2004 - Present

Proceedings Editor, International Academy of African Business & Development, 2004 - 2007

Guest Editor, Special Issue (vol. 22, #8), 1996 of Managerial Finance,

Guest Editor, Special Issue (vol. 24, #3), 1998 of Managerial Finance,

Guest Editor, Special Issue (vol. 24, #7), 1998 of Managerial Finance,

Guest Editor, Special Issue (vol. 32, #7), 2006 of Managerial Finance,

Editorial Board Member of African Review of Money, Finance and Banking

Editorial Board Member of International Journal of African Studies

Editorial Advisory Board Member of Global Journal of Education

Editorial Advisory Board Member of European Journal of Scientific Research

Editorial Advisory Board Member of European Journal of Social Sciences

Editorial Board Member of European Journal of Economics, Finance, & Administrative Sciences

Editorial Board Member of Journal of African Business

Editorial Board Member of Managerial Finance

Editorial Board Member of International Research Journal of Finance and Economics

Editorial Board Member of The Journal of Finance and Management in Public Services

Reviewer for Energy Journal

Reviewer for Botswana Journal of Business

Reviewer for Financial Services Review

Reviewer for Journal of Banking and Finance

Reviewer for Journal of Applied Business Research

Reviewer for Global Business and Finance Review

Reviewer for Journal of Business Disciplines

Reviewer for Journal of Business and Management

O. F. Ayadi, L. Hyman and J.X. Williams, The Role of Community Banks in Economic Development: A Nigerian Case Study" Savings and Development Quarterly Review, Forthcoming.

O.F. Ayadi, and J. L. Boyd, “The Political Economy of Petrodollars in a Mono-Product Economy,” International Energy Journal, vol 7, #3 (September), 2006, 227-231.

O.F. Ayadi, and L. Hyman, “Financial Liberalization and Price Rigidity in the Nigerian Banking System,” Managerial Finance, vol 32, #7, 2006, 557-568.

O.F. Ayadi, A. Chatterjee and M. Woldie, “Matching Teaching Strategy With Student Personality in a Historically Black University,” Journal of College Teaching and Learning, vol 3, #3 (March), 2006, 87-93.

L. Blenman, A. Chatterjee and O.F. Ayadi, “Volatility Persistence, Market Anomalies and Risk in Latin American Equity Markets,” International Journal of Finance, vol 17, 2005, 3413-3445.

A. Chatterjee and O.F. Ayadi, “Enhancing Teaching Effectiveness and Student Performance in Finance Courses: Evaluation of Relevant Factors,” Southwestern Business Administration Journal, Vol 5, No 1 (2005), 34-58.

O.F. Ayadi, “Oil and the Macroeconomy: Evidence from a Monoproduct Economy,” OPEC Review, 29 (3), (September 2005), 199-217.

O.F. Ayadi, A.A. Adekoya & F. Ikem, “Exploring A Distance Education Partnership Between Historically Black Colleges and Universities (HBCUs) and African Universities,” Journal of Black Studies, vol 35, #6 (July 2005), 763-778.

O.F. Ayadi, A. Chatterjee and A.O. Ademiluyi, “Geographical Differences in Poverty and Quality-of-Life Ratings,” Journal of Economics and Economic Education Research, Vol 5, No 3 (2004), 119-126.

A. Chatterjee, O. F. Ayadi, and B. Maniam,  "The Applications of the Fibonacci Sequence and Elliot Wave Theory in Predicting Security Price Movements: A Survey," Journal of Commercial Banking and Finance, vol. 1 (2002), 65-76. [Received: RESEARCH PAPER AWARD from the ACADEMY OF COMMERCIAL BANKING AND FINANCE, 2001].

A.O. Adebayo, A.A. Adekoya & O.F. Ayadi, “Historically Black Colleges and Universities (HBCUs) As Agents of Change for the Development of Minority Businesses,” Journal of Black Studies, vol 32, #2 (November 2001), 167-184.

O. F. Ayadi, A. Chatterjee, and C.P. Obi, "A Vector Autoregressive Analysis of An Oil-Dependent Emerging Economy," OPEC Review, December 2000, 329-349.

O.F. Ayadi, A. Chatterjee & E. O. Omolehinwa, “How Dominant is the Energy Sector in a Mono Product Emerging Economy?” The Journal of Current Research in Global Business, vol 2, #3, Fall 2000, 24-31.

A. Chatterjee, O. F. Ayadi, and L.P. Blenman,  "Return Seasonalities in the Emerging Stock Markets: A Case of Selected Eurasian Countries," Journal of Global Business, vol. 11 #21, Fall 2000, 5-14.

A. Chatterjee, and O. F. Ayadi,  "Artificial Neural Networks and the Financial Markets: A
Survey, "  Managerial Finance, vol. 26, #12, 2000, 32-45.

O.F. Ayadi, A. Chatterjee & L.P. Blenman, “Is the U. S. Secondary Mortgage Market Segmented from Other Financial Markets?” Global Business and Finance Review, Spring 2000, [vol. 5, #1], 73-80.

A. Chatterjee, and  O.F. Ayadi, “Diversifying Investment  in the ‘ASEAN’ Stock Markets,” Academy of Accounting and Financial Studies Journal, 1999,
[vol. 3, #2], 59-67.

P. Gbenedio, O.F. Ayadi and A. Okpala, “Money Supply Variability and Interest Rate Spread in a Developing Economy,” International Journal of Commerce and Management, vol 9, #1&2 (1999), 35-44.

O. Felix Ayadi, & Enid B. Jones  “The Quality of Life Argument in the Public Funding of Special Needs Students in North Carolina,” Journal of Instructional Psychology, Vol 27, #4, December 2000, 209-216.

A. Chatterjee, O.F. Ayadi, and U.B. Dufrene, “International Portfolio Diversification in the African Emerging Equity Markets: A Cointegration Analysis,” Journal of Emerging Markets, Vol. 3, #2 (Summer 1998), 49-60.

O.F. Ayadi, A.O. Adebayo and E. Omolehinwa, “The Measurement of Managerial Efficiency in an Emerging Banking System: An Empirical Analysis.”
Current Research in Global Business, vol 10, 1998, 146-155.

O. F. Ayadi, U.B. Dufrene & A. Chatterjee, “The Investment Implications of the Korean Financial Market Reform,” International Review of Financial Analysis, Vol. 7, #1, (1998), 83-94.

O.F. Ayadi, A.O. Adebayo and E. Omolehinwa, “Bank Performance Measurement in a Developing Economy: An Application of Data Envelopment Analysis,”  Managerial Finance, Vol. 24, #7, (1998), 5-16.

O.F. Ayadi, “Finance Issues in Developing Countries: An Overview” Managerial Finance, vol 24, #7 (1998), 1-4. (An Editorial)

O.F. Ayadi, L.P. Blenman and C.P. Obi, “Stock Return Characteristics in a Thin and Incipient Stock Market,” Journal of Applied Business Research, Volume 14, #3 (1998), 113-121.

U.B. Dufrene and O.F. Ayadi, “A Teaching Note on the Marginal Cost of Capital Schedule,” The International Journal of Business Disciplines, vol 7 #2 (Winter 1997) 56-59.

U.B. Dufrene and O.F. Ayadi,  L. Soenen, and J. Dobson, “The Impact of Presidential Elections on Exchange Rates,” Journal of Global Business, Vol 8, (Spring 1997),  27-37.

O.F. Ayadi, U.B. Dufrene and A. Chatterjee, “Stock Return Seasonalities in Low-Income
African Emerging Markets”  Managerial Finance, vol 24, #3 (1998), 22-33.
(This paper won the ANBAR Citation of Excellence in Highest Quality Rating)

O.F. Ayadi, “What is Special About Emerging Markets?”   Managerial Finance, vol 24,    #3 (1998),
1-5. (An Editorial)

O.F. Ayadi, “Adverse Selection, Search Costs and Sticky Credit Cards Rates,” Financial   Services Review, vol. 6, No. 1, (1997), 53-67.

O.F. Ayadi, D. Hawley and P. Malone, “Stock Market Microstructure and Rationality: Evidence From an Emerging Stock market,” International Journal of Finance, vol. 9, No. 3, (1997), 683-705.

A.O. Okpala, O.F. Ayadi & P. Gbenedio, “Poverty and Childhood Survival Rates in Sub-Saharan Africa,” Journal of Applied Business Research, vol. 13, No. 1, (Winter, 1996/1997), 1-8.

O.F. Ayadi, E.O. Omolehinwa and P. Gbenedio, “The Enigma of The Textbook Valuation Model,” Journal of Education for Business, vol 72, No. 4 (March/April 1997), 230-233.

D. Hawley and O.F. Ayadi, “The Valuation of Exchangeable Securities: A Pedagogical Approach,” Journal of Business and Management, vol. 4, #1, Summer 1997, 9-23.

O. F. Ayadi and C.O. Falusi, “The Social and Financial Implications of Agricultural Farm Settlements in Nigeria,” Journal of Asian and African Studies, vol. 31,  no. 3-4, 1996, 191-205.

O.F. Ayadi and E.M. Crawford, “Achieving Integrating Experience in Business Programs Through Team Teaching,” Journal of Instructional Psychology, vol. 23, No. 2, (1996), 153-157.

O.F. Ayadi, “Marketing of Bank Services, Regulation, and Bank Profitability in an Emerging Banking System,” African Review of Money, Finance and Banking, 1996, No. 1-2, pp. 107-120.

P. PiyaOui, O.F. Ayadi, and W.J. Mayer, “The Puzzling Effect of Money Shocks on Interest Rates,” Journal of Applied Business Research, Vol 12 No 2 (Spring 1996) pp. 46-57.

O.F. Ayadi, U.B. Dufrene and C.P. Obi, “Firm Performance Measures: Roadblocks to Innovation?”  Managerial Finance, Vol. 22 Number 8, 1996, 18-32.

L.P. Blenman, and O.F. Ayadi, “Cross-Currency Option Pricing: A Note,”Global Finance Journal, (1997) vol. 8, No 1., 159-166.

C.S. Pyun, O.F. Ayadi, and C. Chu, “Unit Root and Variance Ratio Tests on Random Walks in Foreign Exchange Rates,” Journal of  Multinational Financial Management. Vol 4, No 3-4, 1994, 89-103.

O.F. Ayadi, and C.S. Pyun, “A Variance Ratio Test of Random Walks on the Korean Stock Market,” Journal of Banking and Finance, (1994) vol 18 No 4, 643-658.
(This paper won the BEST PAPER AWARD in Applied Research at the University of Memphis, Memphis, TN. 1995)

O.F. Ayadi, “The Role of Historically Black Colleges and Universities in a Renewed Black Capitalism,” Business and Economic Review, (Fall 1994), vol 8 No 1, 1-19.

O.F. Ayadi, and C.P. Obi, “Is ROI Really an Adequate Measure of Firm Performance?”
American Business Review, May 1994, 69-75.

O.F. Ayadi, “The Efficiency of Price Discovery in the Stock Market and Macroeconomic Variables: An Empirical Investigation,” African Review of Money, Finance and Banking, 1994, 33-55.

O.F. Ayadi, “The Determination of Bounds for the Internal Rates of Return of Capital Investment Projects,” Nigerian Journal of Economic and Social Studies, (1991) vol 33, #3, 199-212.

O. Ayadi, “The Use of Payback and IRR Techniques in Capital Investment Appraisal,”
Management in Nigeria, January/February 1986, 28-31.

O. Ayadi, “Unclaimed Dividends and Fund Administration in Some Nigerian Firms,”
Nigerian Enterprise, December 1985, 18-22.

O. Ayadi, “The Random Walk Hypothesis and the Behaviour of Share Prices in Nigeria,”
Nigerian Journal of Economic and Social Studies, March 1984, 57-71.

J.A.T. Ojo and O. Ayadi, “Oil Glut, Government Financial Policy and Business Outlook in Nigeria,” Management in Nigeria, January 1984, 33-38.

O.F. Ayadi and G.A. Ogunsemore, Modern Commerce in West Africa, Lagos: Concept Publications, 1995.

F.S. Ayadi, O.F. Ayadi, A. Toluwase, and A. Chatterjee "Debt Overhang and Trickle-Down Macroeconomic Stability in a Developing Economy", In S. Nwankwo, et al. editors, Dimensions of African Business and Development, Sheffield, UK: SHU Press, 2003. 

Crawford, E.M. & O.F. Ayadi, “Applying The Interdependencies of Business Courses To Teach Retail Management.”  In GREAT IDEAS IN TEACHING MARKETING By Lamb, C.W., J.F. Hair and C. McDaniel (Editors), Cincinnati, Ohio: South-Western Publishing, 2002, 6-7.

Chatterjee, A., and O. F. Ayadi,  "Urbanization and Economic Growth in West Bengal", In R. Datta, editor, Collection of Essays on Bengal Studies, 2001.[Forthcoming]

O.F. Ayadi, “Restructuring the Nigerian Financial System,” In NIGERIA: Visions for the Future, edited by Nwaneri, Angela N., Macmillan Nigeria Publishers, 1998, pp. 19-41.

A. Chatterjee and O.F. Ayadi, “Career Opportunities in Banking and Finance,” in McIver-Bell, M. (Editor), Your FSU Experience: The Bridge Connecting Your Past and Your Future. Second Edition (1997), Needham Heights, MA: Simon & Schuster, pp. 241-244.

O. Felix Ayadi, “Plastic Cards 101: Part I,” Homefront, Winter 1997, pp 33-34.

O. Felix Ayadi, “Plastic Cards 101: Part II,” Homefront, Spring/Summer 1997, pp 33-34.