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Curriculum Vitae Marta Álvarez, PhD Professor Institute of Statistics and Computer Information Systems School of Business Administration University of Puerto Rico Río Piedras Campus Contact Information marta.alvarez1@upr.edu 787.764.0000, ext. 87066 http://esta.uprrp.edu/dra-marta-alvarez/ Education Post-Doctoral Studies Visiting Scholar (1999-2000) Texas A&M University, College Station, Texas Statistics Bayesian Modeling in Generalized Linear Mixed Models Doctoral Degree Ph.D. (1991) Texas A&M University, College Station, Texas Master s Degree M.S. (1985) Texas A&M University, College Station, Texas Bachelor s Degree B.S. (1984) University of Puerto Rico, Río Piedras, Puerto Rico Statistics Research: Parameter Estimation for Compartmental Mixture Models Mathematics Mathematics

2 Intellectual Contributions Publications in Peer Reviewed Journals Aponte, M. & Álvarez, M. (2017). Cooperative Entrepreneurship in Puerto Rico. International Journal of Entrepreneurship and Small Business, vol. 32 (no. 3), 386-401. Álvarez, M. & Rodríguez, J. (2017). Water-Depletion and Single-State Municipal Bond Fund Risk. Studies in Economics and Finance, vol. 34 (no. 2), 228-237. Fúquene, J., Álvarez, M., & Pericchi, L. R. (2015). A robust Bayesian dynamic linear model for Latin-American economic time series: the Mexico and Puerto Rico cases. Latin American Economic Review, 24(1), 1-17. Álvarez, M., & Rodríguez, J. (2015) Water-related mutual funds: investment performance and social role. Social Responsibility Journal, vol. 11 (no. 3), 502 512. Álvarez, M. (2013). Quiebras y préstamos en Puerto Rico: Una mirada exploratoria a su relación. Ecos de Economía, vol. 17 (no. 36), 127-146. Aponte, M., & Álvarez, M. (2010). Condiciones estructurales de la actividad empresarial: la Unión Europea y el Caribe. Revista Umbral, vol.1 (no. 2), 53-72. Álvarez, M., & Rodríguez, J. (2006). The Asset Allocation Decisions of Individual Investors. Journal of Business and Economics Research, vol.4 (no.8), 11-16. Álvarez, M., & Rodríguez, Z. (2006). Existe reversión a la media en el Puerto Rico Stock Index?: Un enfoque Bayesiano. Forum Empresarial, vol.11 (no. 2), 31-52. Working Papers Aponte, M., Álvarez, M. & Lobato, M. Social entrepreneurship and economic development: a macro level perspective. (Under review) Lobato, M. & Álvarez, M. Employment in Innovative Firms during an Economic Depression. (Under review) Lobato, M., Álvarez, M. & Aponte, M. Long Economic Crises and Entrepreneurial Initiatives. (Under review) Research in Progress Álvarez, M. & Rodríguez, J. The United Nations Global Compact and Socially Responsible Mutual Funds. Aponte M., Álvarez, M., Lobato, M., Global Entrepreneurship Monitor, 2018.

3 Álvarez, M., Aponte, M. & Lobato, M. Evolution of the Entrepreneurial Activity in Puerto Rico during the 21st Century. Álvarez, M., Aponte, M. & Lobato, M. Senior Entrepreneurship in Puerto Rico: an overview. Álvarez, M. Modelling tourism occupancy in Puerto Rico: a neural network approach. Other Publications Aponte, M., Álvarez, M. & Lobato, M. (2018). Informe 2017 Global Entrepreneurship Monitor (GEM) Puerto Rico. San Juan, Puerto Rico: Universidad de Puerto Rico. http://gem.uprrp.edu/ Aponte, M., Álvarez, M. & Lobato, M. (2017). Global Entrepreneurship Monitor (GEM) Puerto Rico Informe 2016. San Juan, Puerto Rico: Universidad de Puerto Rico. http://gem.uprrp.edu/ Aponte, M., Álvarez, M. & Lobato, M. (2017). Empresarismo Social en Puerto Rico, Global Entrepreneurship Monitor (GEM) 2015. San Juan, Puerto Rico: Universidad de Puerto Rico. http://gem.uprrp.edu/ Aponte, M., Álvarez, M. & Lobato, M. (2016). Actividad Emprendedora en Puerto Rico, Global Entrepreneurship Monitor (GEM) 2015. San Juan, Puerto Rico: Universidad de Puerto Rico. http://gem.uprrp.edu/ Aponte, M., Álvarez, M. & Lobato, M. (2015). Informe Nacional de Puerto Rico GEM 2014. San Juan, Puerto Rico: Universidad de Puerto Rico. http://gem.uprrp.edu/ Aponte, M. & Álvarez, M. (2014). Informe Nacional de Puerto Rico GEM 2013. San Juan, Puerto Rico: Universidad de Puerto Rico. http://gem.uprrp.edu/ Álvarez, M., & Camacho, W. (2009). Study of Childcare Rates in Puerto Rico, 2009. Research project for the "Departamento de la Familia" [Report]. Álvarez, M., & Camacho, W. (2005). Estudio del Ingresado a la Escuela de Derecho de la Universidad de Puerto Rico en el año académico 2004-2005. Research project for the University of Puerto Rico Law School [Report]. Álvarez, M., Camacho, W. & Figueroa, C. (2004). Perfil del Ingresado a las Instituciones de Educación Superior de Puerto Rico, 1996-2002. San Juan, Puerto Rico: Consejo de Educación Superior de Puerto Rico.

4 Proposals Approved Álvarez, M., Aponte, M. & Lobato, M. (2017). Evolution of the Entrepreneurial Activity in Puerto Rico during the 21 st Century. Proposal submitted to and approved by Programa de Incentivos de Investigación, School of Business Administration, UPR, Río Piedras. Álvarez, M., Aponte, M. & Lobato, M. (2017). Social entrepreneurship and society wellbeing. Proposal submitted to and approved by Programa de Incentivos de Investigación, School of Business Administration, UPR, Río Piedras. Álvarez, M., Aponte, M. & Lobato, M. (2016). Senior entrepreneurship in Puerto Rico: an overview. Proposal submitted to and approved by Programa de Incentivos de Investigación, School of Business Administration, UPR, Río Piedras. Lobato, M., Álvarez, M. & Aponte, M. (2016). Las iniciativas empresariales ante una crisis económica prolongada. Proposal submitted to and approved by Programa de Incentivos de Investigación, School of Business Administration, UPR, Río Piedras. Álvarez, M. (2015). Modelling tourism occupancy in Puerto Rico: a neural network approach. Proposal submitted to and approved by Programa de Incentivos de Investigación, School of Business Administration, UPR, Río Piedras. Lobato, M. & Álvarez, M. (2015). Investigación y desarrollo (I+D) en las empresas en un contexto de crisis económica: su impacto en el empleo. Proposal submitted to and approved by Programa de Incentivos de Investigación, School of Business Administration, UPR, Río Piedras. Álvarez, M. & Rodríguez, J. (2014). Water resources and bond funds risk. Proposal submitted to and approved by Programa de Incentivos de Investigación, School of Business Administration, UPR, Río Piedras. Aponte, M. & Álvarez, M. (2013). Cooperative Entrepreneurship in Puerto Rico. Proposal submitted to and approved by Programa de Incentivos de Investigación, School of Business Administration, UPR, Río Piedras. Álvarez, M. & Fúquene, J. (2012). A Bayesian Dynamic Model Approach for the Consumer Price Index of Puerto Rico using a new family of heavy tailed priors. Proposal submitted to and approved by Programa de Incentivos de Investigación, School of Business Administration, UPR, Río Piedras. Álvarez, M. (2011). Profile and structure of bankruptcies in Puerto Rico. Proposal submitted to and approved by Programa de Incentivos de Investigación, School of Business Administration, UPR, Río Piedras.

5 Álvarez, M., & Camacho, W. (2009). Study of Childcare Rates in Puerto Rico, 2009. Proposal submitted to and approved by the Departamento de la Familia. Álvarez, M., & Camacho, W. (2005). Profile of the new students at the Law School of the University of Puerto Rico during the academic year 2004 2005. Proposal submitted to and approved by University of Puerto Rico Law School. Ad Hoc Referee Applied Economics, Forum Empresarial, Revista de Ciencias Sociales Presentations (selected, including coauthors) Lobato, M., Álvarez, M. & Aponte, M. (June 15, 2018). Long Economic Crises and Entrepreneurial Initiatives. Sixth International Workshop Entrepreneurship, Culture, Finance and Economic Development - Inspiring a better world through Social Entrepreneurship. Faculty of Economics and Business, University of Cantabria, Santander, Spain. Aponte, M., Álvarez, M. & Lobato, M. (March 2, 2017). Social Entrepreneurship in Puerto Rico: an overview. Sustainability, Ethics and Entrepreneurship (SEE) Conference. Intercontinental Hotel, San Juan, PR. Aponte, M., Álvarez, M. & Lobato, M. (May 13, 2016). Entrepreneurship Activity in Puerto Rico: Results of the Global Entrepreneurship Monitor (GEM) 2015. UPR- Río Piedras. Aponte, M., Álvarez, M. & Lobato, M. (November 13, 2015). Global Entrepreneurship Monitor (GEM): Gaps in the Entrepreneurial Ecosystem. Red de apoyo a empresarios, Echar Pa lante program. Centro Europa, San Juan, Puerto Rico. Aponte, M., Álvarez, M. & Lobato, M. (August 19, 2015). Puerto Rico in the Global Entrepreneurship Monitor (GEM), 2013-2014. Presentation to the Board of Directors of Foundation for Puerto Rico, a community based nonprofit organization. Auditorio del Colaboratorio by Foundation for PR, Santurce, Puerto Rico. Aponte, M., Álvarez, M. & Lobato, M. (March 13, 2015). Puerto Rico in the Global Entrepreneurship Monitor (GEM) Study 2014. Presentation to professors and students at the Centro de Negocios y Desarrollo Económico (CNDE). UPR- Mayaguez, Mayaguez, Puerto Rico.

6 Álvarez, M. (February 27 and March 2, 2015). Introduction to statistical data analysis: basic concepts). Workshop for UPR business professors, Río Piedras Campus, San Juan, Puerto Rico. Sponsored by iinas. Aponte, M., Álvarez, M. & Lobato, M. (February 12, 2015). Puerto Rico in the Global Entrepreneurship Monitor (GEM), Preliminary results for 2014. Presentation to the Board of Directors of Centro para Puerto Rico, a community based nonprofit organization. Río Piedras, Puerto Rico. Aponte, M. & Álvarez, M. Puerto Rico in the Global Entrepreneurship Monitor (GEM) Study 2013. Presentation to Banco Popular executives. Popular Center, San Juan, Puerto Rico (July 8, 2014) Presentation to the School of Business, Sacred Heart University. San Juan, Puerto Rico (April 29, 2014) Presentation to the School of Business, University of Puerto Rico, Río Piedras Campus (March 28, 2014) Presentation to the Echar Pa lante board. Centro Europa, San Juan, Puerto Rico (February 28, 2014) Álvarez, M. (November 14, 2012). Bankruptcies and loans in Puerto Rico: an exploratory view of their relationship. Presentation at the School of Business Administration, University of Puerto Rico, Río Piedras Campus. Álvarez, M. (October 3, 2012). Bankruptcies and Loans in Puerto Rico: An Exploratory View of their Relationship. Presentation at the Financial Institutions Commissioner Office, San Juan, Puerto Rico. Álvarez, M. (February 24, 2012). Statistics for Anthropologists using SPSS. Workshop for UPR anthropology professors, Río Piedras Campus, San Juan, Puerto Rico. Álvarez, M. (March 2- May 18, 2009). Statistical Inference using R. Workshop for government employees, Institute of Statistics of Puerto Rico, San Juan, Puerto Rico. Teaching Performance Courses Created ESTA 4501: Predictive Models and Trend Analysis (2013). ESTA 3045: Introduction to Statistics for Business Administration (2000). ESTA 4206: SAS Applications for Data Analysis (1996).

7 Academic Engagement Service to Business School Forum Empresarial Journal, member of the Editorial Board, (2010-2017). Service to Department Advisor Committee (2012 2017). Personnel Committee (2009-2011). Advisor Committee (2006-2007). Personnel Committee (2001-2005). Professional Engagement Member of the Board of Directors, Institute of Statistics of Puerto Rico, January 2017-present. Statistical Consultant, member of the Advisory Committee to the Executive Director, Institute of Statistics of Puerto Rico, San Juan, Puerto Rico, 2009-2010. Employment History Academic Positions Professor, Institute of Statistics, School of Business Administration, Río Piedras Campus, University of Puerto Rico, 2002 - present. Courses taught: ESTA 3041: Statistics for Business Administration I ESTA 3042: Statistics for Business Administration II ESTA 3045: Introduction to Statistics for Business Administration ESTA 4001: Intermediate Statistical Theory I ESTA 4008: Research Seminar ESTA 4206: SAS Applications for Data Analysis ESTA 4345: Statistical Methods ESTA 4366: Sampling ESTA 4501: Predictive Models and Trend Analysis ESTA 4998: Experience in Cooperative Learning (COOP) ESTA 5503: Applied Multivariate Statistics MECU 4006: Linear Algebra MECU 6551: Fundamentals of Statistics MECU 6720: Research Project Seminar I MECU 6722: Research Project Seminar II CORE 6049: Statistical Methods - Graduate School of Counseling and Rehabilitation GEOP 6737: Research Project Seminar I

8 Associate Professor, Institute of Statistics, School of Business Administration, Río Piedras Campus, University of Puerto Rico, 1997 2002. Visiting Scholar, Department of Statistics, Texas A&M University, 1999-2000. Assistant Professor, Institute of Statistics, School of Business Administration, Río Piedras Campus, University of Puerto Rico, 1993 1997. Academic/Administrative Positions Director, Business Research Center, School of Business Administration, Río Piedras Campus, University of Puerto Rico, 2000-2004.