Felicia C. Marston

University of Virginia - McIntire School of Commerce

Associate Professor

P.O. Box 400173

Charlottesville, VA 22904-4173

United States

  • University of Virginia - McIntire School of Commerce

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    • Tel: 804-924-1417
SCHOLARLY PAPERS

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193

Scholarly Papers (16)

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1.

Rewriting History

Downloads 3,660 ( 6,668)
Citation 47

Rewriting History

AFA 2007 Chicago Meetings Paper
Number of pages: 36 Posted: 09 Mar 2006 Last Revised: 18 May 2010
Alexander Ljungqvist, Alexander Ljungqvist, Christopher J. Malloy and Felicia C. Marston
Centre for Economic Policy Research (CEPR)Swedish House of Finance, Harvard Business School and University of Virginia - McIntire School of Commerce
Downloads 3,462 (7,192)
Citation 17

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Security analysts, Stock recommendations, Global Settlement, Career concerns, Forensic finance

Rewriting History

NYU Working Paper No. FIN-06-004
Number of pages: 36 Posted: 13 Nov 2008
Alexander Ljungqvist, Alexander Ljungqvist, Christopher J. Malloy and Felicia C. Marston
Centre for Economic Policy Research (CEPR)Swedish House of Finance, Harvard Business School and University of Virginia - McIntire School of Commerce
Downloads 198 (325,281)
Citation 30

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Security analysts, Stock recommendations, Global Settlement, Stock-picking ability, Forensic finance

2.

The Market Risk Premium: Expectational Estimates Using Analysts' Forecasts

Downloads 2,471 (12,418)
Citation 56

The Market Risk Premium: Expectational Estimates Using Analysts' Forecasts

Number of pages: 26 Posted: 22 Dec 2000
Robert S. Harris and Felicia C. Marston
University of Virginia - Darden School of Business and University of Virginia - McIntire School of Commerce
Downloads 2,471 (12,180)
Citation 56

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The Market Risk Premium: Expectational Estimates Using Analysts' Forecasts

Journal of Applied Finance, Vol. 11, 2001
Posted: 06 Nov 2001
Robert S. Harris and Felicia C. Marston
University of Virginia - Darden School of Business and University of Virginia - McIntire School of Commerce

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3.

Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations

Downloads 1,677 (23,003)
Citation 21

Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations

NYU, Stern School of Business Working Paper No. FIN-03-015
Number of pages: 55 Posted: 18 Jul 2003
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce
Downloads 1,412 (29,375)
Citation 18

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Analyst behavior, Underwriting, Commercial banks, Glass-Steagall Act

Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations

NYU Working Paper No. S-FI-03-15
Number of pages: 49 Posted: 11 Nov 2008
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce
Downloads 98 (583,095)

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Analyst behavior, Underwriting, Commercial banks, Glass-Steagall Act

Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations

NYU Working Paper No. S-FI-03-04
Number of pages: 46 Posted: 11 Nov 2008
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce
Downloads 77 (678,316)
Citation 1

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Analyst behavior, Underwriting, Commercial banks, Glass-Steagall Act

Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations

NYU Working Paper No. FIN-03-039
Number of pages: 50 Posted: 11 Nov 2008
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce
Downloads 69 (722,057)

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Analyst behavior, Underwriting, Commercial banks, Glass-Steagall Act

Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations

CEPR Discussion Paper No. 4162
Number of pages: 51 Posted: 12 Jan 2004
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce
Downloads 21 (1,165,198)
Citation 2
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Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations

Journal of Finance, Forthcoming
Posted: 13 Jan 2005
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce

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Analyst behavior, Underwriting, Commercial banks, Glass-Steagall Act

4.

Conflicts of Interest in Sell-Side Research and the Moderating Role of Institutional Investors

Downloads 1,612 (24,490)
Citation 27

Conflicts of Interest in Sell-Side Research and the Moderating Role of Institutional Investors

Number of pages: 51 Posted: 17 Jan 2005
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston, Hong Yan, Laura T. Starks and Kelsey D. Wei
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), University of Texas at Austin - Department of Finance and University of Texas at Dallas
Downloads 1,289 (33,616)
Citation 14

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Analyst recommendations, Analyst forecast accuracy, Investment banking, Conflicts of Interest, Institutional investors, Banking Relationships

Conflicts of Interest in Sell-Side Research and the Moderating Role of Institutional Investors

NYU Working Paper No. FIN-05-013
Number of pages: 48 Posted: 03 Nov 2008
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston, Laura T. Starks, Kelsey D. Wei and Hong Yan
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce, University of Texas at Austin - Department of Finance, University of Texas at Dallas and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 176 (362,757)

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Analyst recommendations, Analyst forecast accuracy, Investment banking, Banking Relationships

Conflicts of Interest in Sell-Side Research and the Moderating Role of Institutional Investors

NYU Working Paper No. FIN-04-034
Number of pages: 48 Posted: 03 Nov 2008
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston, Laura T. Starks, Kelsey D. Wei and Hong Yan
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce, University of Texas at Austin - Department of Finance, University of Texas at Dallas and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 115 (517,258)
Citation 3

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Conflicts of Interest in Sell-Side Research and the Moderating Role of Institutional Investors

CEPR Discussion Paper No. 5001
Number of pages: 50 Posted: 22 Aug 2005
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston, Hong Yan, Laura T. Starks and Kelsey D. Wei
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), University of Texas at Austin - Department of Finance and University of Texas at Dallas
Downloads 32 (1,027,167)
Citation 10
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Analyst recommendations, analyst forecast accuracy, investment banking, conflicts of interest, institutional investors, banking relationships

5.

Ex Ante Cost of Equity Estimates of S&P 500 Firms: The Choice between Global and Domestic CAPM

Downloads 1,498 (27,296)
Citation 12

Ex Ante Cost of Equity Estimates of S&P 500 Firms: The Choice between Global and Domestic CAPM

Financial Management 32(3), 2003, 51-66
Number of pages: 24 Posted: 04 Oct 2002 Last Revised: 10 Nov 2015
Robert S. Harris, Felicia C. Marston, Dev Mishra and Thomas J. O'Brien
University of Virginia - Darden School of Business, University of Virginia - McIntire School of Commerce, University of Saskatchewan - Edwards School of Business and University of Connecticut - Department of Finance
Downloads 1,498 (26,878)
Citation 12

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Ex Ante, Cost of Equity, CAPM

Ex Ante Cost of Equity Estimates of S&P 500 Firms: The Choice between Global and Domestic CAPM

Darden Business School Working Paper No. 02-09
Posted: 10 Jan 2005
Robert S. Harris, Felicia C. Marston, Dev Mishra and Thomas J. O'Brien
University of Virginia - Darden School of Business, University of Virginia - McIntire School of Commerce, University of Saskatchewan - Edwards School of Business and University of Connecticut - Department of Finance

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6.

Incentives for Leasing: Evidence from the Largest U.S. Lessees and Lessors

Number of pages: 36 Posted: 02 Mar 2002
Kenneth M. Eades and Felicia C. Marston
University of Virginia - Darden School of Business and University of Virginia - McIntire School of Commerce
Downloads 1,483 (27,772)
Citation 3

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Leasing, real options, contracting cost, financial structure

7.

Bidding for Hertz: Leveraged Buyout

Darden Case No. UVA-F-1560
Number of pages: 19 Posted: 14 Jun 2009
Susan Chaplinsky and Felicia C. Marston
University of Virginia - Darden School of Business and University of Virginia - McIntire School of Commerce
Downloads 1,141 (40,819)
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buyouts, LBO, private equity, valuation

8.

Scaling the Hierarchy: How and Why Investment Banks Compete for Syndicate Co-Management Appointments

Downloads 861 (60,689)
Citation 27

Scaling the Hierarchy: How and Why Investment Banks Compete for Syndicate Co-Management Appointments

Number of pages: 46 Posted: 15 Sep 2005
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce
Downloads 709 (77,241)
Citation 9

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Underwriting syndicates, Commercial banks, Glass-Steagall Act, Global Settlement, Analyst behavior

Scaling the Hierarchy: How and Why Investment Banks Compete for Syndicate Co-Management Appointments

NYU Working Paper No. S-FI-05-02
Number of pages: 58 Posted: 11 Nov 2008
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce
Downloads 80 (668,286)
Citation 18

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Underwriting syndicates, Commercial banks, Glass-Steagall Act, Global Settlement, Analyst behavior

Scaling the Hierarchy: How and Why Investment Banks Compete for Syndicate Co-Management Appointments

NYU Working Paper No. FIN-07-029
Number of pages: 46 Posted: 13 Nov 2008
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce
Downloads 72 (704,923)

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Underwriting syndicates, Commercial banks, Glass-Steagall Act, Global Settlement, Analyst behavior

Scaling the Hierarchy: How and Why Investment Banks Compete for Syndicate Co-Management Appointments

The Review of Financial Studies, Vol. 22, Issue 10, pp. 3977-4007, 2009
Posted: 28 Sep 2009
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce

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G21, G24

9.

Changes in the Market Risk Premium and the Cost of Capital: Implications for Practice

Downloads 809 (65,862)

Changes in the Market Risk Premium and the Cost of Capital: Implications for Practice

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 23, No. 1, 2013
Number of pages: 14 Posted: 12 Nov 2015
Robert S. Harris and Felicia C. Marston
University of Virginia - Darden School of Business and University of Virginia - McIntire School of Commerce
Downloads 809 (64,831)

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Changes in the Market Risk Premium and the Cost of Capital: Implications for Practice

Journal of Applied Finance, Spring/Summer 2013, Volume 23, No. 1
Posted: 16 Jul 2013
Robert S. Harris and Felicia C. Marston
University of Virginia - Darden School of Business and University of Virginia - McIntire School of Commerce

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Merket Risk Premium, Cost of Capital, long-term interst rates, credit spreads, volatility

10.

Investing in Sponsor-Backed Ipos: The Case of Hertz

Darden Case No. UVA-F-1561
Number of pages: 21 Posted: 14 Jun 2009
Susan Chaplinsky, Felicia C. Marston and Michael Pozzi
University of Virginia - Darden School of Business, University of Virginia - McIntire School of Commerce and affiliation not provided to SSRN
Downloads 338 (190,458)
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IPO, buyouts, reverse LBOs, private equity

11.

Scaling the Hierarchy: How and Why Investments Banks Compete for Syndicate Co-Management Appointments

NYU Working Paper No. FIN-05-027
Number of pages: 57 Posted: 03 Nov 2008
Alexander Ljungqvist, Alexander Ljungqvist, Felicia C. Marston and William J. Wilhelm
Centre for Economic Policy Research (CEPR)Swedish House of Finance, University of Virginia - McIntire School of Commerce and University of Virginia - McIntire School of Commerce
Downloads 63 (745,119)

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Underwriting syndicates, Commercial banks

12.

Roark Capital: Buyout of Buffalo Wild Wings

Darden Case No. UVA-F-1984
Number of pages: 23 Posted: 21 Oct 2021
Susan Chaplinsky, Felicia C. Marston and Anne Lykes
University of Virginia - Darden School of Business, University of Virginia - McIntire School of Commerce and Independent
Downloads 41 (910,613)
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private equity, leveraged buyouts, LBOs, franchising, debt financing, valuation, proxy contests, restaurant, food service

13.

Dupont Corporation: Sale of Performance Coatings

Darden Case No. UVA-F-1709
Number of pages: 22 Posted: 30 May 2017
Susan Chaplinsky, Felicia C. Marston and Brett Merker
University of Virginia - Darden School of Business, University of Virginia - McIntire School of Commerce and University of Virginia - Darden School of Business
Downloads 25 (1,080,366)
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LBO, leveraged buyout, valuation, divest, private equity, strategic buyer

14.

The Carlyle Group: IPO of a Publicly Traded Private Equity Firm

Darden Case No. UVA-F-1689
Number of pages: 27 Posted: 30 May 2017
Susan Chaplinsky and Felicia C. Marston
University of Virginia - Darden School of Business and University of Virginia - McIntire School of Commerce
Downloads 19 (1,155,234)
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valuation, private equity, DCF, discounted cash flow, initial public offering

15.

Nokia Oyj: Financing the Wp Strategic Plan

Darden Case No. UVA-F-1651
Number of pages: 25 Posted: 30 May 2017
Susan Chaplinsky and Felicia C. Marston
University of Virginia - Darden School of Business and University of Virginia - McIntire School of Commerce
Downloads 16 (1,192,681)
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financial policy, capital structure, debt financing, equity financing, financial strategy

16.

Avnet Computer

Darden Case No. UVA-F-1125
Number of pages: 12 Posted: 30 May 2017
Kenneth M. Eades and Felicia C. Marston
University of Virginia - Darden School of Business and University of Virginia - McIntire School of Commerce
Downloads 1 (1,318,893)
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capital structure, cash flow, cost of capital, leasing, valuation