
Chukwunonye Emenalo
Lagos Business School (LBS).
Faculty’s Field of Research: Accounting, Economics, Finance
School: Lagos Business School (LBS)
Faculty’s email address: cemenalo@lbs.edu.ng
Background:
Dr Chukwunonye Emenalo is a Lecturer in Financial Management at Lagos Business School, where he teaches across the School’s MBA programmes. He holds a first-class Bachelor of Engineering degree in Mechanical Engineering from the University of Nigeria, Nsukka; a Master of Research in Management (MRM) from IESE Business School, Barcelona; an MSc in Economics from the University of Barcelona School of Economics; an MSc in Economics and Finance from the Barcelona School of Economics; and a PhD in Business Studies from the University of Hertfordshire in the United Kingdom.
His areas of expertise include financial management, corporate finance, and the financing challenges of micro, small, and medium enterprises (MSMEs) in Africa. His work focuses on the complex interactions among institutional quality, financial system development, and economic growth across the continent. He also studies the demand- and supply-side factors that shape MSMEs’ access to finance, providing insights that support policymakers and business leaders seeking to close Africa’s persistent financing gaps.
Dr Emenalo teaches core financial management courses on the MBA programmes, emphasising the strategic role of financial decision-making in value creation. His teaching approach equips emerging and experienced managers with the analytical capabilities, financial literacy, and decision-making discipline required to steer organisations towards sustainable growth and long-term impact.
His commitment to societal and policy engagement is reflected in his research on financial inclusion and institutional development in Africa. Through his academic work, case writing, and industry-relevant insights, he contributes to ongoing conversations on strengthening financial systems to better serve enterprises and communities.
Driven by a passion for developing responsible leaders, Dr Emenalo is committed to advancing research and teaching that support Africa’s development. He seeks to generate practical, evidence-based solutions that help policymakers deepen safe, sustainable, and effective financial inclusion, particularly for MSMEs across the continent.
Qualification
First-class Bachelor of Engineering degree in Mechanical Engineering from the University of Nigeria, Nsukka.
Master of Research in Management (MRM) from IESE Business School, Barcelona.
MSc in Economics from the University of Barcelona School of Economics.
MSc in Economics and Finance from the Barcelona School of Economics.
PhD in Business Studies from the University of Hertfordshire in the United Kingdom.
Selected Publications
Journal Articles
Emenalo, C. O. (2025). Safejourney Transport Limited. The Case Centre. Lagos Business School Case FIN-C-14-1-25. Lagos Business School.
Emenalo, C. O. (2025). Stock valuation: The case of Nestlé Nigeria Plc. The Case Centre. Lagos Business School Case FIN-C-13-1-25. Lagos Business School.
Emenalo, C. O., & Nwokolo, A. (2024). Which African company to invest in. The Case Centre. Lagos Business School Case FIN-C-12-2-24. Lagos Business School.
Emenalo, C. O., & Nwokolo, A. (2024). Which African industry to invest in. The Case Centre. Lagos Business School Case FIN-C-11-2-24. Lagos Business School.
Emenalo, C. O., & Adelagun, A. (2020). FGN bonds: Bond valuation. The Case Centre. Lagos Business School Case FIN-C-09-1-20. Lagos Business School.
Emenalo, C. O., & Gagliardi, F. (2020). Is current institutional quality linked to legal origins and disease endowments? Evidence from Africa. Research in International Business and Finance, 52, 1–15. https://doi.org/10.1016/j.ribaf.2019.101065
Emenalo, C. O., Gagliardi, F., & Hodgson, G. M. (2018). Historical institutional determinants of financial system development in Africa. Journal of Institutional Economics, 14(2), 345–372. https://doi.org/10.1017/S1744137417000042
Emenalo, C. O. (2012). Corporate governance systems as dynamic institutions: Towards a dynamic model of corporate governance systems. African Journal of Business Ethics, 6(1), 39–49. https://doi.org/10.4103/1817-7417.104701

