Felicia Marston headshot
FM

Felicia C. Marston

Professor
Unit: McIntire School of Commerce
Department: McIntire School of Commerce
Office location and address
353 Rouss & Robertson Halls
40 South Lawn
Charlottesville, Virginia 22904
Education
Ph.D., Finance, The University of North Carolina at Chapel Hill
B.S., Accounting, University of Richmond
Biography
Professor Marston’s specialties lie in the area of corporate finance. Her current research interests focus on strategic analyst coverage of firms and on conflicts of interest and analyst recommendations. She also has research papers on the measurement of and motivations for leasing and on the properties and use of financial analysts’ forecasts of long-term earnings growth. She teaches courses in financial management, financial statement analysis and valuation, and advanced corporate finance.Professor Marston has published work in the areas of risk and return, cost of capital, and leasing in various academic and professional journals, including Financial Management;The Financial ReviewThe Journal of FinanceFinancial Analysts’ Journal; andJournal of Accounting, Auditing and Finance. She has presented her work at regional, national, and international conferences. She has also served on the program and competitive paper award committees for the Financial Management Association.
COMM 4720: Advanced Corporate Finance: Valuation and Restructuring
Credits: 3
This course covers corporate valuation and the restructuring of both non-distressed firms (for example, leveraged buyout transactions) and distressed firms. Prerequisite: fourth-year Commerce.
COMM 4760: Private Equity
Credits: 3
This course will provide an overview of the entire "private equity cycle" running from fund formation through investment exit. Both theoretical and practical issues will receive attention with the balance tipping toward the latter. Students are to be prepared to discuss a case or other reading assignments during the first half of most class meetings. The second half of our meetings will most often include speakers with expertise in the subject. Pre-requisite: 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.
GCOM 7510: Special Topics in Finance
Credits: 3
New Graduate Commerce Course: Special Topics in Finance
GCOM 7710: Corporate Valuation and Financing
Credits: 2
This course sharpens corporate valuation and corporate financing skills in a wide variety of cases and contexts. It is intended to extend the theoretical knowledge gained in financial management GCOM 7060) to numerous applied settings including mergers and acquisitions, initial public offerings, capital structure decisions, and leveraged buyout/ private equity investments. Prerequisite: Restricted to MS in Commerce students.
GCOM 7730: Mergers & Acquisitions, Private Equity, & Restructuring
Credits: 3
GCOM 7730 explores three main topics: (1) mergers and acquisitions (2) non-distressed corporate restructurings in the form of leveraged buyouts and private equity and (3) distressed corporate restructuring/bankruptcy. The course is largely case-based and extends concepts and principles learned in GCOM 7060 and GCOM 7710 to practical applications. Students will additionally participate in two negotiation exercises during the term.
GCOM 7993: Independent Study and Supervised Research
Credits: 1–9
Students taking this course will explore areas and issues of special interest that are not otherwise covered in the graduate curriculum. This course is offered at the discretion of the supervising professor.