Prof. Jacinta. C. Nwachukwu

Professor of Enterprise and Finance

Lancashire School of Business and Enterprise

Greenbank Building, GR047

+44 (0) 1772 89 4621 / 07895454774

Jacinta’s research interest is primarily on how financial sector reforms and access to services from conventional versus microfinance institutions can contribute to the achievement of those sustainable development goals associated with poverty alleviation, food security, access to education, gender equality, corporate governance and institutional arrangements in Sub-Saharan Africa. She possesses excellent skills in the use of a wide range of econometric packages, resulting in the publication of more than 70 articles over the past 12 years.

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Jacinta joined the UCLan’s Lancashire School of Business and Enterprise from the Coventry Business School where she was a Principal Lecturer in Finance. Prior to joining Coventry, Jacinta was a Senior Lecturer in Finance and Banking at Huddersfield University; Lecturer in Finance and Banking at Salford University Business School and Lecturer in Development Economics and Politics at the Manchester University Institute for Development Policy and Management (IDPM). She took courses on Teaching in Higher Education (THE) at Lancaster University where she obtained her PhD in Economics and also acted as a Tutor in undergraduate Development Economics and International Business.

Since obtaining her PhD, Jacinta has taught on several undergraduate and postgraduate modules. At an undergraduate level, she has led modules on Financial Services, Financial Economics, Financial Planning and Control, Investment and Portfolio Management and International Business.

Jacinta’s postgraduate teaching duties comprised International Banking, Economics of Money and Banking, Risk Regulation and Governance, Microfinance, International Finance, Issues in Development Finance, Wealth Management and Private Banking, Research Design and Analysis, Corporate Governance and International Financial Management.

As a Principal Lecturer in Finance and Banking at Coventry University, Jacinta gained experience in utilising a number of teaching and learning strategies in order to create a supportive and interactive learning environment for students on her various undergraduate and postgraduate modules. Evaluation questionnaires for her undergraduate and postgraduate modules show that her teaching has been judged very highly by students at Manchester, Salford, Huddersfield and Coventry.

Jacinta’s research background and interest is predominantly on Development Finance and Social Enterprise. Most specifically, she is interested in research in the areas of microfinance, micro, small and medium scale enterprise (MSME) development, economic growth, human welfare, poverty alleviation, debt relief, international capital flows, exchange rates, structural adjustment, financial sector development and women empowerment. To formulate sustainable policies for dealing with these economic development concerns, Jacinta’s work explores the interaction with and effectiveness of political and institutional arrangements, company ownership structure, market efficiency, corporate governance and information communication technology.

Jacinta has published extensively alone and with co-authors in various international peer reviewed journals including: International Review of Financial Analysis; The Journal of International Accounting, Auditing and Taxation; Social Indicators Research; Technovation; World Development; Technological Forecasting and Social Change; Information Technology & People and Empirical Economics.

Jacinta received an award for outstanding researcher of the year for the two years 2017 and 2018 from the School of Economics, Finance and Accounting, University of Coventry.

Jacinta is a member of the editorial board of Journal of African Business. She regularly reviews articles and books for a number of journals including Journal of International Development, Routledge, World Development, Journal of Developing Areas, Journal of Economics and International Finance and Oxford Development Studies

Jacinta has attended and presented her papers at a number of conferences in the UK and overseas.

Academic Qualifications

  • PhD in Economics: University of Lancaster, UK; 2006
  • MSc in Finance: University of Lancaster, UK; 2000
  • MBA, Edinburgh Business School, Herriot Watt University, UK; 1996
  • Fellow of the Higher Education Academy (FHEA); 2014

Jacinta is a Fellow of the Higher Education Academy (FHEA).


Ntim, C. G., English, J., Nwachukwu, J., & Wang, Y. (2015); “On the efficiency of the global gold markets”, International Review of Financial Analysis, 41; pp.218-236.

Asongu, S. A., & Nwachukwu, J. C. (2016). Revolution empirics: predicting the Arab Spring. Empirical Economics, 51(2), 439-482.

Asongu, S. A., & Nwachukwu, J. C. (2016). The role of governance in mobile phones for inclusive human development in Sub-Saharan Africa. Technovation, 55, 1-13

Asongu, S. A., & Nwachukwu, J. C. (2016). The mobile phone in the diffusion of knowledge for institutional quality in sub-Saharan Africa. World Development, 86, 133-147

Asongu, S. A., & Nwachukwu, J. C. (2017). The impact of terrorism on governance in African countries. World Development, 99, 253-270

Elbakry, A.E, Nwachukwu, J. C., Abdou, H. A. and Elshandidy, T (2017); “The Impact of the Compulsory Adoption of IFRSs in Europe: a Comparative Study between Germany and the UK”, The Journal of International Accounting, Auditing and Taxation; Vol. 28, pp.10-30

Asongu, S. A., & Nwachukwu, J. C. (2017). The comparative inclusive human development of globalisation in Africa. Social Indicators Research, 134(3), 1027-1050.

Nwachukwu, J. C. (2017). Tenure and Spending Within UK Households at the End of the Recent Recession. Social Indicators Research, 133(3), 1075-1104.

Asongu, S. A., Nwachukwu, J. C., & Orim, S. M. I. (2018). Mobile phones, institutional quality and entrepreneurship in Sub-Saharan Africa. Technological Forecasting and Social Change, 131, 183-203

Asongu, S. A., & Nwachukwu, J. C. (2018). Increasing foreign aid for inclusive human development in Africa. Social Indicators Research, 138(2), 443-466.

Asongu, S., & Nwachukwu, J. C. (2018). Comparative human development thresholds for absolute and relative pro-poor mobile banking in developing countries. Information Technology & People, 31(1), 63-83

Asongu, S. A., & Nwachukwu, J. C. (2018). Openness, ICT and entrepreneurship in sub-Saharan Africa. Information Technology & People, 31(1), 278-303.

Asongu, S. A., & Nwachukwu, J. C. (2018). Educational quality thresholds in the diffusion of knowledge with mobile phones for inclusive human development in sub-Saharan Africa. Technological Forecasting and Social Change, 129, 164-172

Asongu, S., le Roux, S., Nwachukwu, J. C., & Pyke, C. (2018). The mobile phone as an argument for good governance in sub-Saharan Africa. Information Technology & People.

Asongu, S. A., Nwachukwu, J. C., & Pyke, C. (2018). The right to life: Global evidence on the role of security officers and the police in modulating the effect of insecurity on homicide. Social Indicators Research, 1-14

More Publications

Research Activities

Primary research interest

  • Microfinance
  • Micro, Small and Medium Enterprise Development
  • Economic growth, human welfare, food safety and poverty alleviation
  • Debt relief and structural adjustment
  • Capital flight and foreign exchange rates
  • International capital flows
  • Financial sector development
  • Women empowerment

Other research areas

  • Corporate governance
  • Political and institutional arrangements
  • Information communication and technology (ICTs)
  • Capital structure
  • Accounting earnings management
  • Market efficiency
  • Banking efficiency

PhD supervision

Jacinta successfully guided four PhD students to completion of their studies during the period 2008 to 2017 and observed two PhD theses as an internal examiner. 


Research Funding

  • 2008: The Christopher Hale Memorial Fund Grant (Salford University)
  • 2009: Salford University Vice-Chancellor’s Early Career Research Scholarship
  • 2009: British Academy for research on the nature and determinants of the default rate of the Imo-State Agricultural Loans Board in collaboration with staff at the Federal University of Technology in Owerri (FUTO)



  • Nwachukwu J.C (2007), “Foreign Capital Inflows and Real Exchange Rates in Sub-Saharan Africa” at the 4th AFE-QASS Conference, INEAG, Samos, Greece, 2007.
  • Nwachukwu J.C (2011), “Interest Rates, Market Orientation and the Profitability of Microfinance Institutions in Developing Countries” at the British Accounting and Finance Association Northern Group Area Conference at the University of Salford.