Patricia Hatfield

Stephens Professor of Risk & Finance

Baker Hall 221
(309) 677-3581
patty@bradley.edu

Ph.D., Finance, University of Kentucky
M.B.A., University of Kentucky
B.A., Finance and Economics, Eastern Kentucky University

Biography

Patty Hatfield has been a member of the Finance and Quantitative Methods faculty at Bradley University since 1990. She is a Professor of Finance and currently holds the Stephens Professorship of Risk and Finance. In the past 18 years, she has developed and conducted executive and management certificate programs for multinational as well as regional firms. These programs have been delivered in the U.S., Singapore and Russia. She has also conducted Chartered Financial Analyst review sessions in Los Angeles and New York City.

Teaching

Dr. Hatfield teaches courses in the area of corporate finance at both the graduate and undergraduate level. She has received the Midwest Grain Products, Inc. Outstanding Teaching Award and the Phi Chi Theta Outstanding Teaching Award.

Currently Teaching

  • FIN 628, Corporate Social Responsibility and Financial Policy
  • BUS 645,Financial Management and the Acquisition of Capital
  • FIN 423, Advanced Business Finance
  • FIN 422, Financial Analysis
  • FIN 322, Business Finance
  • FIN 220, Personal Finance

Scholarship

The business problems that Dr. Hatfield is exposed to in executive management programs serve as springboards for most of her research efforts. Much of her research has focused on corporate investment analysis and she has also published in the areas of corporate restructuring activities, risk tolerance and dividend policy. Most recently, she conducts research for writing business case studies and has published cases in several academic journals. She has also won two best paper awards at the Teaching and Learning Conference in 2008 and 2009.

Journal Publications

  • Hatfield, Patricia and Shelly Webb (2010) “Sunbeam Corporation:  A Forensic Analysis,” Journal of Business Case Studies, 6 (1), 63-74.
  • Filbeck, G., Hatfield, P. A., Horvath, P. A. (2009). Personality Dimensions and Measures of Risk Tolerance: Variance/Skew And Scenario Response Assessment. Journal of Business and Economics Research, 7(9), 55-70.
  • Hatfield, Patricia (2008) “Using ‘The Corporation’ as a Powerful Illustration of Ethical Issues Facing the Financial Manager,” Journal of Business Case Studies, 4(10), 1-8.
  • Hatfield, P. A., Buchko, A. A. (2008). Using ENRON:  The Smartest Guys In The Room as a live case illustration of financial concepts and ethical issues. Journal of Financial Education, 34(1), 68-94.
  • Horvath, P. A., Hatfield, P. A., Hill, D. J. (2007). Capital Budgeting in Practice:  Issues Not Addressed in Finance Texts. Journal of Business Case Studies, 3(2).
  • Horvath, P. A., Hatfield, P. A., Hill, D. J. (2007). Understanding the Capital Budgeting Process:  Issues for Organizational Buying. Journal of Business and Economic Perspectives, 33(2).
  • Hatfield, P. A., Hill, D. J., Horvath, P. A. (2005). In William J. Kehoe and Linda K. Whitten (Ed.), Understanding Capital Budgeting Practice: What They Don’t Teach You in B-School (pp. 214-215). Charlottesville, VA: Advances in Marketing: Managerial, Pedagogical, Theoretical.
  • Hatfield, Patricia, Donna Hill and Philip Horvath (2007), “Capital Budgeting in Practice: Issues Not Addressed in Finance Texts,” Journal of Business Case Studies, 3(2), 79-85.
  • Hill, Donna, Patricia Hatfield and Philip Horvath (2005), “Understanding Capital Budgeting Practice:  What They Don’t Teach You in B-School,” Advances in Marketing: Managerial, Pedagogical, Theoretical, 214-215.
  • Filbeck, Greg, Patricia Hatfield and Philip Horvath (2003), “Risk Aversion and Personality Type,” Journal of Behavioral Finance, 6(4), 170-180.
  • Horvath, Philip, Patricia Hatfield and Donna Hill (2002), “Importance and Behavior of Capital Project Benefits Factors in Practice:  Early Evidence,” Journal of Applied Business Research, 18(3), 1-14.
  • Filbeck, Greg, and Patricia Hatfield (2000), “Share Price Effects of Corporate Layoff Announcements on Shareholder Wealth:  A Dummy Variable Cross-Section
  • Time-Series Regression Analysis of a Generalized Sample,” Southern Business and Economic Journal, 23(4), 222-240.
  • Filbeck, Greg, and Patricia Hatfield (1999), “Public Utility Companies:  Regulation, Institutional Ownership and the Share Price Response to New Equity Issues,” Journal of Financial and Strategic Decisions, 12(2), 31-38.
  • Hatfield, Patricia, Donna Hill and Philip Horvath (1999), “Industrial Buying and the Divergence of Capital Budgeting Theory and Practice:  An Exploration,” Journal of Applied Business Research, 13(1), 95-104.
  • Goitein, Bernard, Patricia Hatfield, Philip Horvath and Allen Webster (1997), Financial Criteria, Capital Budgeting Techniques and Risk Analysis of Manufacturing Firms,” The Journal of Applied Business Research, 13(1), 95-104.
  • Hatfield, Patricia Chadwell and Shelly Webb (1995), “The Information Effects of Restructuring Activities of Poorly Performing Firms:  An Examination of Selloffs Versus Layoffs,” The Southern Business and Economic Journal, 19(2), 148-159.
  • Hatfield, Patricia Chadwell and Donald Mullineaux (1995), “Bank Holding Company Restructuring Strategies:  An Examination of the Share Price Effects of Selloffs and Layoffs,” The New York Economic Review, 26(3), 3-12.
  • Hatfield, Patricia Chadwell and Greg Filbeck, (1994), “The Impact of Corporate Layoff Announcements on Shareholder Wealth,” Journal of Business and Economic Perspectives, 20(1), 101-110.
  • Hatfield, Patricia Chadwell and Greg Filbeck, (1993), “Insider Ownership and Dividend Signals:  Additional Evidence From the Banking Industry,” Journal of Economics and Finance, 17(2), 109-118.

Service

University

Dr. Hatfield has served on over 30 university, college and departmental committees. A few of the most significant committees include the FCBA Curriculum Committee that designed a concept and curriculum for the award winning EMBA program at Bradley University. She also served on committees to design and implement executive certificate programs. She has chaired the University Student Grievance committee and served on the faculty senate.

Professional

Reviewer for New York Economic Review, Journal of Business and Economic Perspectives, Southern Business and Economic Journal, Financial Services Review, Journal of Financial and Economic Practice, Journal of Financial Education. She has also served as reviewer, session chair or track chair for Financial Management Association, Southern Finance Association, Eastern Finance Association, Southwest Case Research Association, College Teaching and Learning Conference, Midwest Finance Association, Midsouth Academy of Economics and Finance, Decision Science Institute.

Dr. Hatfield has also served on various boards at Crossroad United Methodist Church as well as serving as Director of Adult Education and taught numerous Bible studies.