David P. Echevarria

I have been fortunate to have had three career tracks over the last 60 years. I served for 12 years as a United States Marine Corps officer and naval aviator. I am also a Purple Heart Combat Veteran serving during the Viet Nam war. I would later serve in the Army National Guard for 15 years as a pilot flying Cobras and Huey's. All total some 4000 hours of flight time in 8 different aircraft; single and multi-engine fixed wing and helicopters.
My second career spanned 4 years as an entrepreneur operating a small restaurant in the historic district of Pensacola Florida. Over the next 5 years I would be a stock broker with Merrill Lynch Pierce Fenner and Smith, a Production and Inventory Control Supervisor and Manager with Polaroid Corp., Bolt Beranek & Newman, and the Foxboro Company. Unhappily, I was caught up in the first great downsizing in corporate America as jobs began to be sent to the far east. I was encouraged to return to school for a PhD, which i did earning my degree in 1988 from UMASS Amherst.
I have been a full and part-time faculty at several major universities and am currently an adjunct instructor at the CSB, UNCW.

Education

Doctor of Philosophy (Finance), University of Massachusetts, Amherst, August, 1988. Minor Area: Economics. Dissertation: The Impact of Bid-Ask Spreads on Return Computations and Market Anomalies.
Master of Business Administration, University of West Florida, Pensacola. March 1977. General business with emphasis on International Studies.
Bachelor of Arts, Chapman College, June, 1972. Concentrations in Economics and Business.
Associate in Applied Science, Mechanical Technology, Erie County Technical Institute, August 1962.

Specialization in Teaching

I teach mainly intro level courses in [Corporate] Financial Management, Investments, and Real Estate. I also teach the Personal Finance course as well as the Financial Markets and Insitutions.

Research Interests

Most of my research has focused on corporate financial performance. My early interest was in how profits were affected by reinvestment in additional assets. I later developed a model to examine where companies are located on their production function curves. I have also done research on stock market performance resulting in two areas; Using yield differentials to develop a market timing trading tool and a second examining the returns performance of a small sample of companies that regularly split their stock.

Professional Service

I have been a reviewer for several financial publications.

Community Engagement

I am a member of the United States Navy League, and serve as president of the local council in Wilmington. I am also currently on the Board of Directors for the Cape Homeowners Association, currently serving as Treasurer. I retired from the Coast Guard Auxiliary in 2023 after 15 years of service. I am active in my church, St. Paul's Evangelical Lutheran Church.

Honors & Awards

Best Paper Award, Eastern Finance Association, 1990.