David Chapman headshot

David Arthur Chapman

Area Coordinator, Finance
Unit: McIntire School of Commerce
Department: McIntire School of Commerce
Office location and address
325 Rouss & Robertson Halls
125 Ruppel Dr
Charlottesville, Virginia 22904
Ph.D., Business Administration (Finance), University of Rochester
M.S., Applied Economics, University of Rochester
B.A., Economics and Political Science, Swarthmore College

Professor Chapman conducts research in the areas of structural models of equity and fixed income securities markets and in household portfolio choice theory with an emphasis on dynamic models of preferences. His research has been published in EconometricaFinancial Analysts JournalThe Journal of FinanceJournal of Financial EconomicsJournal of Monetary EconomicsReview of Economic DynamicsReview of Finance; and The Review of Financial Studies. In addition to refereeing for a number of top journals, Professor Chapman served as an associate editor of The Journal of Finance from 2000 to 2016. His teaching portfolio includes courses in investments, portfolio management, asset pricing theory, and empirical asset pricing.

Professor Chapman began his academic career at The University of Texas at Austin, where he was tenured in the Finance department and held an additional appointment in the Economics department. Before joining the McIntire School, he was in the Finance department at the Carroll School at Boston College. Professor Chapman has done consulting work as an expert witness in complex litigation. Before entering academia, he worked at the Federal Reserve Bank of New York and as an Antitrust Consultant in Washington, D.C.

COMM 2700: Foundations of Real Estate Finance
Credits: 3
This course provides the fundamental concepts in finance that are required for further finance courses in the real estate minor. It introduces students to foundational concepts and attendant empirical analytical techniques in finance, including valuation, capital structure, and theories of the firm. Drawing on cases and examples from real estate and other asset classes, the course exposes students to the diversity of markets in which individuals and firms interact. This is the pre-requisite course for application to the Real Estate Minor.
COMM 4710: Intermediate Investments
Credits: 3
Provides an understanding of contemporary cash and derivative equity securities and markets. Both investment theory and its practical applications are considered. The primary perspective for most discussions is that of an institutional investor, although applications to personal finance are included. Both U.S. and international equity and fixed-income markets are discussed. Topics include asset allocation, portfolio theory, market efficiency, models of asset pricing, program trading, and equity options and financial futures. Prerequisite: Fourth-year Commerce standing or instructor permission.
COMM 4732: Advanced Investments: Quantitative Equity Portfolio Management
Credits: 3
The course builds on the equity markets material in COMM 4710. We examine factor models, as used in practice, to both describe the risk vs. return trade-off in U.S. equity markets & to evaluate active equity portfolio managers. Given this framework, we define & examine a number of quantitative strategies including: value, momentum, low volatility (both long-only & long/short). Finally, we discuss the issue of interconnected portfolio strategies.
COMM 4993: Independent Study in Commerce
Credits: 1–3
Independent study under the supervision of a Commerce instructor. A project directly related to business must be submitted to, and approved by, the supervising instructor prior to the Commerce School add date. Students may take COMM 4993 only once. Prerequisite: Fourth-year Commerce standing.
GCOM 7060: Financial Management
Credits: 3
Financial Management covers basic corporate finance including cost of capital, capital budgeting, valuation of stock and bonds, working capital management, and international finance. Prerequisite: Restricted to MS in Commerce students.