L. Paige Fields

L. Paige Fields
  • Professor
  • Finance academic area

Contact Info

Capitol Federal Hall
Lawrence

Biography —

Before coming to KU in July 2017 as Dean and Henry D. Price Professor of Business, L. Paige Fields served as the Dean of the School of Business at Trinity University. Fields joined Trinity’s faculty in 2012 as the Dick and Peggy Prassel Professor of Business Administration and was the chair of the Department of Finance and Decision Sciences from 2013 to 2015 prior to her appointment as dean.

From 1994 to 2012, Fields was at Texas A&M University, where she held a variety of academic and leadership roles. She was a visiting professor at the University of Arizona from 1991 to 1994 and has also taught at the University of Kentucky.

Fields’ research expertise includes corporate governance, banking, insurance, and capital structure. She served as an associate editor of the Journal of Financial Research and has more than 20 refereed journal articles to her credit, including publications in the Journal of Finance and the Journal of Money, Credit, and Banking. She has also won a number of teaching awards at the school and university levels.

Fields holds a doctorate in business administration (finance) from the University of South Carolina and master’s and bachelor’s degrees in finance from Louisiana State University.

Education —

Ph.D. in Business Administration (Finance), University of South Carolina
M.S. in Finance, Lousiana State University
B.S. in Finance, Louisiana State University

Research —

Research interests:

  • Corporate Governance
  • Banking
  • Insurance
  • Capital Structure

Teaching —

Teaching interests:

  • Corporate Finance
  • Student Managed Investment Fund

Selected Publications —

Fields, L. P., Gupta, M., Wilkins, M. S., & Zhang, S. (2018). Refinancing Pressure and Earnings Management: Evidence from Changes in Short-term Debt and Discretionary Accruals [Journal Articles]. Finance Research Letters, 25, 62–68.
Fields, L. P. (2013). Mandatory prerequisite testing and performance in Intermediate Corporate Finance [Journal Articles]. Journal of Financial Education, 39(1/2), 29–42.
Fields, L. P., Fraser, D. R., & Subrahmanyam, A. (2012). Board quality and the cost of debt capital: The case of bank loans [Journal Articles]. Journal of Banking and Finance, 36(5), 1530–1547.
Zhu, H., Eden, L., Miller, S. R., Thomas, D. E., & Paige, L. P. (2012). Host-country location decisions of early movers and latecomers: The role of local density and experiential learning [Journal Articles]. International Business Review,21(2), 145–155.
Fields, L. P., Gupta, M., & Prakash, P. (2012). Risk-taking and performance of public insurers: An international comparison [Journal Articles]. Journal of Risk and Insurance, 79(4), 931–962.
Fields, L. P., & Gupta, M. (2009). Board independence and corporate governance: Evidence from director resignations [Journal Articles]. Journal of Business, Finance, and Accounting, 36(1/2), 161–184.
Byers, S. S., Fields, L. P., & Fraser, D. R. (2008). Are corporate governance and bank monitoring substitutes? Evidence from the perceived value of bank loans [Journal Articles]. Journal of Corporate Finance, 14(4), 475–483.
Fields, L. P., Fraser, D. R., & Kolari, J. W. (2007). Bidder returns in bancassurance mergers: Is there evidence of synergy? [Journal Articles]. Journal of Banking and Finance, 31(12), 3646–3662.
Fields, L. P., Fraser, D. R., & Kolari, J. W. (2007). Is bancassurance a viable model for financial firms? [Journal Articles]. Journal of Risk and Insurance, 74(4), 777–794.
Fields, L. P., Fraser, D. R., Berry, T. L., & Byers, S. S. (2006). Do bank loan relationships still matter? [Journal Articles]. Journal of Money, Credit, and Banking, 38(5), 1195–1209.
Berry, T. L., Fields, L. P., & Wilkins, M. S. (2006). The interaction among multiple governance mechanisms at young, newly public firms [Journal Articles]. Journal of Corporate Finance, 12(3), 449–466.
Fields, L. P., Fraser, D. R., & Wilkins, M. S. (2004). An investigation of the pricing of audit services for financial institutions [Journal Articles]. Journal of Accounting and Public Policy, 23(1), 53–77.
Fields, L. P., & Fraser, D. R. (2004). Effects of IPO mispricing on the risk and reputational capital of commercial banks [Journal Articles]. Review of Financial Economics, 13(1/2), 65–77.
Fields, L. P., Fraser, D. R., & Barghava, R. (2003). A comparison of underwriting costs of initial public offerings by investment and commercial banks [Journal Articles]. Journal of Financial Research, 26(4), 517–534.
Fargher, N. L., Fields, L. P., & Wilkins, M. S. (2000). The impact on IPO assurance fees of commercial bank entry into the equity underwriting market [Journal Articles]. Auditing: A Journal of Practice and Theory, 19(Supplement), 23–35.
Fields, L. P., & Fraser, D. R. (1999). On the compensation implications of commercial bank entry into investment banking [Journal Articles]. Journal of Banking and Finance, 23(8), 1261–1276.
Fields, L. P., Wilkins, M. S., & Mais, E. L. (1999). The importance of call delays and cash flow positions in evaluating the information content of convertible preferred stock calls [Journal Articles]. Journal of Accounting, Auditing, and Finance, 14(2), 163–183.
Fields, L. P., & Webb, S. E. (1997). An investigation of preferred stock financing by bank and non-bank financial institutions [Journal Articles]. Journal of Financial Research, 20(3), 343–354.
Fields, L. P., & Wilkins, M. S. (1996). An empirical investigation of stock dividends-in-kind [Journal Articles]. Journal of Financial Research, 19(1), 105–119.
Fields, L. P., Mais, E. L., & Moore, W. T. (1995). Conversion-forcing calls: Wealth transfers revisited [Journal Articles]. International Review of Economics and Finance, 4(1), 17–27.
Fields, L. P., & Moore, W. T. (1995). Equity valuation effects of forced warrant exercise [Journal Articles]. Journal of Financial Research, 18(2), 157–170.
Fields, L. P., & Mais, E. L. (1994). Managerial voting rights and seasoned public equity issues [Journal Articles]. Journal of Financial and Quantitative Analysis, 29(3), 445–457.
Fields, L. P., & Wilkins, M. S. (1991). The information content of withdrawn audit qualifications: New evidence on the value of “subject-to” opinions [Journal Articles]. Auditing: A Journal of Practice and Theory, 10(2), 62–69.
Fields, L. P., & Mais, E. L. (1991). The valuation effects of private placements of  convertible debt [Journal Articles]. Journal of Finance, 46(5), 1925–1932.
Schmit, J. T., Pritchett, S. T., & Fields, L. P. (1988). Punitive damages: Punishment or further compensation? [Journal Articles]. Journal of Risk and Insurance, 55(3), 453–466.

Awards & Honors —

Texas A&M University — university level and beyond:

  • College Nominee for Presidential Teaching Award: 2010, 2012
  • The Physicians Centre Hospital Guest Coach, 2010
  • Winner of the Academy of Finance 2010 Teaching Excellence Award (National)
  • Nominee for the Piper Professors of 2001 Award
  • AFS Distinguished Achievement Award in Teaching – university level, 2000

Texas A&M University — college level:

  • Summer Teaching Innovation Grant: 2011, 2010, 2009
  • Mays Faculty Fellow for Teaching Innovation (two-year): 2010-2012, 2004-2006
  • AFS Distinguished Achievement Award in Teaching – college level, 1998
  • Montague/CTE Scholar Award, 1997
  • Distinguished Faculty Award, 1996 (MBA class of 1997)

University of Arizona — college level:

  • Faculty Member of the Year Award, 1992 (MBA class of 1992)
  • Dean's Distinguished Teacher List (top 10%), University of Arizona 1991-1994