Patricia Hatfield

Stephens Professor of Risk & Finance

Baker Hall 221
(309) 677-3581

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


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 22 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.


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 622, Financial Management
  • 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


The business problems that Dr. Hatfield is exposed to in executive development programs serve as a springboard for most of her research efforts. Earlier 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, examining investment policies of non-profit organizations and gender research. She has also won two best paper awards at the Teaching and Learning Conference in 2008 and 2014.

Selected Peer-Reviewed Journal Articles in the Last Five Years

Hatfield, P. A., Webb, S. (2015). Editorial Boards And Gender In Finance Journals: An Exploratory Study. American Journal of Business Education, 8(4), pp. 249-258. 

Hatfield, P. A., Webb, S., Richtermeyer, S. (2015). The Impact of Permanently Restricted Assets on Nonprofit Organizations' Investment Policy. Regional Business Review, 34(1), 18-25. 

Hatfield, P. A., Webb, S., Richtermeyer, S. (2014). Revenue diversification and investment policy: The case for nonprofits. Journal of Applied Management and Investments, 3(4), 214-219. 

Competitive Research Awards Received

Hatfield, P. A. (Principal), Webb, S. (Supporting), "Gender Analysis in Editorial Boards and Journal Authorship of Finance Journals.," Sponsored by Office of Research and Sponsored Programs, Bradley University, $9,542.00. (April 2014 - October 2015). 

Peer Reviewed Proceedings and Presentations in the Last Five Years

Hatfield, P. A. (Presenter & Author), Webb, S. (Author Only), Financial Education Association Meeting, "Nonprofit Financial Statement Analysis Case Study: Cincinnati Association for the Blind and Visually Impaired," Financial Education Association, Savannah, Georgia. (September, 2014).

Hatfield, P. A. (Presenter & Author), Webb, S. (Author Only), International Business Conference, "Gender Analysis in Editorial Boards of Finance Journals," Munich, Germany. (June, 2014).

Hatfield, P. A. (Presenter & Author), Richtermeyer, S. (Author Only), Webb, S. (Author Only), International Academy of Business and Economics, "The Impact of Permanently Restricted Assets and Revenue Diversification on Asset Investments for Nonprofit Organizations," Orlando, Florida. (March, 2014).

Hatfield, P. A. (Author Only), Webb, S. (Presenter & Author), Richtermeyer, S. (Author Only), International Academic Conference, "Incorporating Nonprofit Analysis into a Financial Statement Analysis Course," Clute Institute, Las Vegas, Nevada. (October, 2013).

Research Awards

"Best Paper Award", Clute Institute, 2014



Dr. Hatfield has served on over 30 university, college and departmental committees. A few of the most significant committees include the Foster College of Business Curriculum Committee that designed a concept and curriculum for the award winning Executive MBA 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.


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.