L. Paige Fields, Ph.D. | Trinity University
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L. Paige Fields, Ph.D.

"Although I view the ultimate responsibility to my students as equipping them to enter a competitive marketplace with a viable Finance skill set, I desire to impact their lives in additional and long-lasting ways. Through my teaching and personal involvement with students I seek to help them form a life-long interest in Finance and learning, an ability to think critically and broadly about the problems they face, and a strong work ethic."

- L. Paige Fields, Ph.D.

Before coming to Trinity University I held faculty appointments at the University of Kentucky, University of Arizona, and Texas A&M University. During my 18 years at Texas A&M University I was a Republic Bank Research Fellow and received many teaching awards, including the Association of Former Students Distinguished Achievement Award in Teaching at both the University level and the College level. I was also twice named a Mays Faculty Fellow for Teaching Innovation.


  • "Risk-taking and Performance of Public Insurers: An International Comparison," with M. Gupta and P. Prakash, Journal of Risk and Insurance (2013, forthcoming).
  • "Mandatory Prerequisite Testing and Performance in Intermediate Corporate Finance", Journal of Financial Education (2013, forthcoming). 
  • "Board Quality and the Cost of Debt Capital: The Case of Bank Loans" with D. Fraser and A. Subrahmanyam, Journal of Banking and Finance,Vol 36, Issue 5 (May 2012), pp. 1530-1547.
  • "Host-Country Location Decisions of Early Movers and Latecomers: The Role of Local Density and Experiential Learning" with H. Zhu, L. Eden, S. Miller, and D. Thomas, International Business Review, Vol. 21, Issue 2 (2012), pp. 145-155.
  • "Board Independence and Corporate Governance: Evidence from Director Resignations" with M. Gupta, Journal of Business, Finance, and Accounting Vol. 36, No. 1&2 (January/March 2009), pp. 161-184.
  • "Are Corporate Governance and Bank Monitoring Substitutes? Evidence from the Perceived Value of Bank Loans" with S. Byers and D. Fraser, Journal of Corporate Finance Vol. 14, No. 4 (September 2008), pp. 475-483.
  • "Is Bancassurance a Viable Model For Financial Firms?" with D. Fraser and J. Kolari, Journal of Risk and Insurance Vol. 74 (December 2007), pp.777-794.

"Bidder Returns in Bancassurance Mergers: Is There Evidence of Synergy?" with D. Fraser and J. Kolari, Journal of Banking and Finance

  • Vol. 31 (December 2007), pp.3646-3662.

Research Areas

My primary research interests include corporate finance issues such as corporate governance and capital structure, but I am also interested in banking, insurance, and accounting.  My papers have appeared in a number of academic journals including the Journal of Finance, the Journal of Financial and Quantitative Analysis, the Journal of Money, Credit, and Banking, the Journal of Corporate Finance, the Journal of Banking and Finance, and the Journal of Financial Research. I am an associate editor for the Journal of Financial Research, and I am a member of the Financial Management Association.