Andrea L. Eisfeldt

UCLA Anderson School of Management

Professor of Finance, Laurence and Lori Fink Endowed Chair in Finance

110 Westwood Plaza

Los Angeles, CA 90095-1481

United States

http://https://sites.google.com/site/andrealeisfeldt/

  • UCLA Anderson School of Management

SCHOLARLY PAPERS

35

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19,762

TOTAL CITATIONS
Rank 1,113

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Top 1,113

in Total Papers Citations

607

Scholarly Papers (35)

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1.

Generative AI and Firm Values

Downloads 5,506 ( 3,398)
Citation 7

Generative AI and Firm Values

Number of pages: 96 Posted: 09 May 2023 Last Revised: 22 Jan 2025
Andrea L. Eisfeldt, Gregor Schubert, Miao Ben Zhang and Bledi Taska
UCLA Anderson School of Management, UCLA Anderson School of Management, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Lightcast
Downloads 5,464 (3,414)
Citation 1

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Artificial Intelligence, Generative AI, Chat GPT, Corporate Valuations, Equity Returns, Technological Change, Labor Market Effects of Technology

Generative Ai and Firm Values

NBER Working Paper No. w31222
Number of pages: 69 Posted: 08 May 2023 Last Revised: 22 May 2023
Andrea L. Eisfeldt, Gregor Schubert and Miao Ben Zhang
UCLA Anderson School of Management, UCLA Anderson School of Management and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 42 (938,727)
Citation 6

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2.

Intangible Value

Downloads 2,847 ( 9,993)
Citation 33

Intangible Value

Critical Finance Review, 2022, 11(2): pp. 299-332
Number of pages: 67 Posted: 31 Dec 2020 Last Revised: 06 Jun 2022
Andrea L. Eisfeldt, Edward T. Kim and Dimitris Papanikolaou
UCLA Anderson School of Management, University of Michigan, Stephen M. Ross School of Business and Kellogg School of Management - Department of Finance
Downloads 2,746 (10,440)
Citation 8

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Value investing, value factor, intangible assets, intangible capital

Intangible Value

NBER Working Paper No. w28056
Number of pages: 68 Posted: 09 Nov 2020 Last Revised: 27 Feb 2023
Andrea L. Eisfeldt, Edward T. Kim and Dimitris Papanikolaou
UCLA Anderson School of Management, University of Michigan, Stephen M. Ross School of Business and Kellogg School of Management - Department of Finance
Downloads 101 (579,165)
Citation 25

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3.

Generative AI and Finance*

Number of pages: 39 Posted: 18 Nov 2024 Last Revised: 29 Jan 2025
Andrea L. Eisfeldt and Gregor Schubert
UCLA Anderson School of Management and UCLA Anderson School of Management
Downloads 1,535 (26,693)

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AI, finance, BERT, GPT, ML, NLP, asset pricing, corporate finance, labor

4.

Organization Capital and the Cross-Section of Expected Returns

Journal of Finance, Forthcoming
Number of pages: 53 Posted: 14 Mar 2009 Last Revised: 20 Mar 2013
Andrea L. Eisfeldt and Dimitris Papanikolaou
UCLA Anderson School of Management and Kellogg School of Management - Department of Finance
Downloads 1,483 (28,081)
Citation 118

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5.

The Cross Section of MBS Returns

Downloads 1,030 (47,727)
Citation 2

The Cross Section of MBS Returns

Number of pages: 60 Posted: 09 Dec 2016 Last Revised: 23 Sep 2018
Peter Diep, Andrea L. Eisfeldt and Scott A. Richardson
AQR Capital Management, LLC, UCLA Anderson School of Management and London Business School
Downloads 701 (79,188)
Citation 1

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Mortgages, Mortgage Backed Securities, Prepayment, Expected Returns

Prepayment Risk and Expected MBS Returns

NBER Working Paper No. w22851
Number of pages: 49 Posted: 21 Nov 2016 Last Revised: 10 Jun 2023
Peter Diep, Andrea L. Eisfeldt and Scott A. Richardson
AQR Capital Management, LLC, UCLA Anderson School of Management and London Business School
Downloads 329 (197,414)
Citation 1

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6.

Total Returns to Single Family Rentals

Number of pages: 59 Posted: 22 Mar 2021
Andrew Demers and Andrea L. Eisfeldt
Structured Portfolio Management, LLC and UCLA Anderson School of Management
Downloads 725 (76,971)
Citation 7

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house price appreciation, rental yields, single family rental, SFR, buy-to-rent, BTR

7.

Interdealer Price Dispersion and Intermediary Capacity

Number of pages: 128 Posted: 17 Oct 2022 Last Revised: 24 Sep 2024
Andrea L. Eisfeldt, Bernard Herskovic and Shuo Liu
UCLA Anderson School of Management, University of California, Los Angeles (UCLA) - Anderson School of Management and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 717 (78,046)
Citation 1

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OTC markets, intermediaries, dealers, corporate bonds, interdealer price dispersion

8.

Complex Asset Markets

Downloads 556 (107,880)
Citation 4

Complex Asset Markets

Journal of Finance forthcoming
Number of pages: 79 Posted: 15 Aug 2016 Last Revised: 05 Jan 2023
Andrea L. Eisfeldt, Hanno N. Lustig and Lei Zhang
UCLA Anderson School of Management, Stanford Graduate School of Business and HKU Business School, The University of Hong Kong
Downloads 425 (147,644)

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segmented markets, limits of arbitrage, heterogeneous agent models, industry equilibrium, firm size distribution

Complex Asset Markets

NBER Working Paper No. w23476
Number of pages: 77 Posted: 05 Jun 2017 Last Revised: 23 Feb 2023
Andrea L. Eisfeldt, Hanno N. Lustig and Lei Zhang
UCLA Anderson School of Management, Stanford Graduate School of Business and HKU Business School, The University of Hong Kong
Downloads 131 (472,993)
Citation 4

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9.

Bonds vs. Equities: Information for Investment

Journal of Finance forthcoming
Number of pages: 132 Posted: 10 May 2021 Last Revised: 17 Nov 2023
Huifeng Chang, Adrien d'Avernas and Andrea L. Eisfeldt
Fudan University - School of Management, Swedish House of Finance and UCLA Anderson School of Management
Downloads 545 (110,648)
Citation 6

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Credit Spreads, Uncertainty, Investment, Equity Volatility, Leverage, Debt Overhang

10.

OTC Intermediaries

Office of Financial Research Research Paper No. 18-05
Number of pages: 68 Posted: 10 Sep 2018 Last Revised: 28 May 2021
Andrea L. Eisfeldt, Bernard Herskovic, Sriram Rajan and Emil Siriwardane
UCLA Anderson School of Management, University of California, Los Angeles (UCLA) - Anderson School of Management, Government of the United States of America - Office of Financial Research and Harvard Business School - Finance Unit
Downloads 518 (117,920)
Citation 15

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OTC markets, networks, intermediaries, dealers, systemic risk, credit default swaps

11.

CEO Turnover in a Competitive Assignment Framework

Journal of Financial Economics (JFE), No. 109, 2013
Number of pages: 64 Posted: 23 Apr 2010 Last Revised: 23 Apr 2014
Andrea L. Eisfeldt and Camelia M. Kuhnen
UCLA Anderson School of Management and University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 465 (134,357)
Citation 121

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Executive Turnover, Matching Models, Competitive Assignment, CEO Labor Market

12.

The Value and Ownership of Intangible Capital

American Economic Review, Vol. 104, No. 5, 2014
Number of pages: 8 Posted: 07 Oct 2018
Andrea L. Eisfeldt and Dimitris Papanikolaou
UCLA Anderson School of Management and Kellogg School of Management - Department of Finance
Downloads 422 (150,545)
Citation 85

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13.

Capital Reallocation and Liquidity

Journal of Monetary Economics, Vol. 53, pp. 369-399, 2006
Number of pages: 47 Posted: 26 May 2006
Adriano A. Rampini and Andrea L. Eisfeldt
Duke University and UCLA Anderson School of Management
Downloads 418 (152,212)
Citation 20

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Capital reallocation, Liquidity, Frictions, Business cycle

14.

Human Capitalists

Downloads 385 (166,953)
Citation 8

Human Capitalists

NBEER Macroeconomics Annual, Forthcoming
Number of pages: 69 Posted: 19 Sep 2019 Last Revised: 13 Jan 2023
Andrea L. Eisfeldt, Antonio Falato and Mindy Z. Xiaolan
UCLA Anderson School of Management, Board of Governors of the Federal Reserve System and University of Texas, Austin - Department of Finance
Downloads 349 (184,509)
Citation 6

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Human Capital, Labor Share, Equity Compensation, Factor Shares, Inequality

Human Capitalists

NBER Working Paper No. w28815
Number of pages: 70 Posted: 17 May 2021 Last Revised: 17 Jul 2022
Andrea L. Eisfeldt, Antonio Falato and Mindy Z. Xiaolan
UCLA Anderson School of Management, Board of Governors of the Federal Reserve System and University of Texas, Austin - Department of Finance
Downloads 36 (999,824)
Citation 2

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15.

The Deposit Business at Large vs. Small Banks

Downloads 308 (213,159)

The Deposit Business at Large vs. Small Banks

Number of pages: 65 Posted: 17 Nov 2023 Last Revised: 04 Dec 2024
Adrien d'Avernas, Andrea L. Eisfeldt, Can Huang, Richard Stanton and Nancy Wallace
Swedish House of Finance, UCLA Anderson School of Management, University of Illinois at Urbana-Champaign - Department of Finance, University of California, Berkeley and University of California, Berkeley - Real Estate Group
Downloads 294 (222,297)

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The Deposit Business at Large vs. Small Banks

NBER Working Paper No. w31865
Number of pages: 54 Posted: 13 Nov 2023
Adrien d'Avernas, Andrea L. Eisfeldt, Can Huang, Richard Stanton and Nancy Wallace
Swedish House of Finance, UCLA Anderson School of Management, University of Illinois at Urbana-Champaign - Department of Finance, University of California, Berkeley - Haas School of Business and University of California, Berkeley - Real Estate Group
Downloads 14 (1,275,120)
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16.

Smoothing with Liquid and Illiquid Assets

Journal of Monetary Economics, Vol. 54, No. 1, 2007
Number of pages: 21 Posted: 25 Aug 2003 Last Revised: 23 Sep 2018
Andrea L. Eisfeldt
UCLA Anderson School of Management
Downloads 272 (242,861)
Citation 12

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liquidity, consumption smoothing, portfolio choice, savings

17.

Financing Shortfalls and the Value of Aggregate Liquidity

AFA 2008 New Orleans Meetings Paper
Number of pages: 40 Posted: 14 Mar 2006
Adriano A. Rampini and Andrea L. Eisfeldt
Duke University and UCLA Anderson School of Management
Downloads 265 (249,236)
Citation 2

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liquidity, business cycles, dynamic corporate finance, production based asset pricing

18.

Endogenous Liquidity in Asset Markets

Number of pages: 46 Posted: 28 Feb 2004
Andrea L. Eisfeldt
UCLA Anderson School of Management
Downloads 240 (275,191)
Citation 17

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liquidity, adverse selection, dynamic adverse selection, business cycles

19.

New or Used? Investment with Credit Constraints

Journal of Monetary Economics, Vol. 54, pp. 2656-2681, 2007
Number of pages: 32 Posted: 16 Jan 2008
Andrea L. Eisfeldt and Adriano A. Rampini
UCLA Anderson School of Management and Duke University
Downloads 203 (323,385)
Citation 5

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Investment, used capital, financial constraints, vintage capital

20.

Managerial Incentives, Capital Reallocation, and the Business Cycle

Journal of Financial Economics (JFE), Vol. 87, pp. 177-199, 2008
Number of pages: 48 Posted: 16 Jan 2008
Andrea L. Eisfeldt and Adriano A. Rampini
UCLA Anderson School of Management and Duke University
Downloads 198 (330,825)
Citation 25

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Capital reallocation, CEO turnover, executive compensation, business cycle

21.

Capital Reallocation

Downloads 163 (393,968)
Citation 17

Capital Reallocation

Annual Review of Financial Economics, 2018
Number of pages: 36 Posted: 07 Oct 2018
Andrea L. Eisfeldt and Yu Shi
UCLA Anderson School of Management and UCLA Anderson School of Management
Downloads 131 (472,993)
Citation 1

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Capital Reallocation, Misallocation, Business Cycles, Financial Frictions

Capital Reallocation

NBER Working Paper No. w25085
Number of pages: 37 Posted: 24 Sep 2018 Last Revised: 17 Jul 2023
Andrea L. Eisfeldt and Yu Shi
UCLA Anderson School of Management and UCLA Anderson School of Management
Downloads 32 (1,043,869)
Citation 16

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Capital Reallocation

Annual Review of Financial Economics, Vol. 10, pp. 361-386, 2018
Posted: 08 Nov 2018
Andrea L. Eisfeldt and Yu Shi
UCLA Anderson School of Management and UCLA Anderson School of Management

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22.

Measuring the Financial Soundness of US Firms, 1926-2012

Research In Economics , Vol. 71, No. 1, 2017
Number of pages: 51 Posted: 07 Oct 2018
Andrew Atkeson, Andrea L. Eisfeldt and Pierre-Olivier Weill
University of California, Los Angeles (UCLA) - Department of Economics, UCLA Anderson School of Management and University of California, Los Angeles
Downloads 144 (436,772)
Citation 8

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Distance to Default, Volatility, Leverage, Financial Crises

23.

Entry and Exit in OTC Derivatives Markets

Downloads 128 (480,137)
Citation 33

Entry and Exit in OTC Derivatives Markets

Econometrica, Vol. 83, No. 6, 2015
Number of pages: 105 Posted: 07 Oct 2018
Andrea L. Eisfeldt, Andrew Atkeson and Pierre-Olivier Weill
UCLA Anderson School of Management, University of California, Los Angeles (UCLA) - Department of Economics and University of California, Los Angeles
Downloads 86 (643,678)
Citation 11

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OTC Markets, Derivatives, Search, Entry and Exit

Entry and Exit in OTC Derivatives Markets

NBER Working Paper No. w20416
Number of pages: 61 Posted: 03 Sep 2014 Last Revised: 15 Apr 2023
Andrew Atkeson, Andrea L. Eisfeldt and Pierre-Olivier Weill
University of California, Los Angeles (UCLA) - Department of Economics, UCLA Anderson School of Management and University of California, Los Angeles
Downloads 42 (938,727)
Citation 22

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24.

Comment on the Global Rise of Corporate Saving by Peter Chen, Loukas Karabarbounis, and Brent Neiman

Journal of Monetary Economics, Vol. 89, No. 1, 2017
Number of pages: 8 Posted: 07 Oct 2018
Andrea L. Eisfeldt
UCLA Anderson School of Management
Downloads 117 (518,048)
Citation 2

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25.

Intangible capital, non-rivalry, and growth

Number of pages: 46 Posted: 15 Nov 2022
Nicolas Crouzet, Janice Eberly, Andrea L. Eisfeldt and Dimitris Papanikolaou
Northwestern University - Kellogg School of Management, Northwestern University, UCLA Anderson School of Management and Kellogg School of Management - Department of Finance
Downloads 112 (531,965)

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intangible capital, growth, productivity, factor shares

26.

Total Returns to Single Family Rentals

NBER Working Paper No. w21804
Number of pages: 60 Posted: 14 Dec 2015 Last Revised: 29 Jan 2023
Andrea L. Eisfeldt and Andrew Demers
UCLA Anderson School of Management and Structured Portfolio Management, LLC
Downloads 87 (631,460)
Citation 1

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27.

Aggregate External Financing and Savings Waves

Downloads 80 (663,572)
Citation 50

Aggregate External Financing and Savings Waves

Journal of Monetary Economics, Vol. 84, No. 1, 2016
Number of pages: 34 Posted: 07 Oct 2018
Andrea L. Eisfeldt and Tyler Muir
UCLA Anderson School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 59 (797,559)
Citation 3

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Cost of External Finance, Issuance Waves, Cash, Business Cycles

Aggregate External Financing and Savings Waves

NBER Working Paper No. w20442
Number of pages: 34 Posted: 08 Sep 2014 Last Revised: 11 May 2023
Andrea L. Eisfeldt and Tyler Muir
UCLA Anderson School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 21 (1,181,837)
Citation 47

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28.

Government Guarantees and the Valuation of American Banks

NBER Working Paper No. w24706
Number of pages: 84 Posted: 18 Jun 2018 Last Revised: 05 Jul 2023
Andrew Atkeson, Adrien d'Avernas, Andrea L. Eisfeldt and Pierre-Olivier Weill
University of California, Los Angeles (UCLA) - Department of Economics, Swedish House of Finance, UCLA Anderson School of Management and University of California, Los Angeles
Downloads 61 (769,480)
Citation 5

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29.

The Market for OTC Derivatives

Downloads 60 (775,960)

The Market for OTC Derivatives

NBER Working Paper No. w18912
Number of pages: 71 Posted: 22 Mar 2013 Last Revised: 06 Mar 2022
Andrew Atkeson, Andrea L. Eisfeldt and Pierre-Olivier Weill
University of California, Los Angeles (UCLA) - Department of Economics, UCLA Anderson School of Management and University of California, Los Angeles
Downloads 56 (819,305)

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The Market for OTC Derivatives

CEPR Discussion Paper No. DP9403
Number of pages: 73 Posted: 03 Apr 2013
Andrew Atkeson, Andrea L. Eisfeldt and Pierre-Olivier Weill
University of California, Los Angeles (UCLA) - Department of Economics, UCLA Anderson School of Management and University of California, Los Angeles
Downloads 4 (1,375,147)
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credit default swaps, dealers, OTC markets

30.

Measuring the Financial Soundness of U.S. Firms, 1926-2012

NBER Working Paper No. w19204
Number of pages: 49 Posted: 12 Jul 2013 Last Revised: 23 Jun 2023
Andrew Atkeson, Andrea L. Eisfeldt and Pierre-Olivier Weill
University of California, Los Angeles (UCLA) - Department of Economics, UCLA Anderson School of Management and University of California, Los Angeles
Downloads 53 (825,194)
Citation 1

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31.

Ai and Finance

NBER Working Paper No. w33076
Number of pages: 37 Posted: 29 Oct 2024
Andrea L. Eisfeldt and Gregor Schubert
UCLA Anderson School of Management and UCLA Anderson School of Management
Downloads 48 (864,453)
Citation 2
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32.

A Model of Intangible Capital

NBER Working Paper No. w30376
Number of pages: 25 Posted: 22 Aug 2022 Last Revised: 02 Jul 2023
Nicolas Crouzet, Janice Eberly, Andrea L. Eisfeldt and Dimitris Papanikolaou
Northwestern University - Kellogg School of Management, Northwestern University, UCLA Anderson School of Management and Kellogg School of Management - Department of Finance
Downloads 38 (954,843)

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33.

Colonies

Number of pages: 35 Posted: 21 Oct 2022
Matthias Doepke and Andrea L. Eisfeldt
Northwestern University - Department of Economics and UCLA Anderson School of Management
Downloads 22 (1,133,957)

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34.

Interdealer Price Dispersion and Intermediary Capacity

NBER Working Paper No. w32998
Number of pages: 129 Posted: 30 Sep 2024
Andrea L. Eisfeldt, Bernard Herskovic and Shuo Liu
UCLA Anderson School of Management, University of California, Los Angeles (UCLA) - Anderson School of Management and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 11 (1,274,365)
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35.

Leasing, Ability to Repossess, and Debt Capacity

The Review of Financial Studies, Vol. 22, Issue 4, pp. 1621-1657, 2009
Posted: 23 Mar 2009
Andrea L. Eisfeldt and Adriano A. Rampini
UCLA Anderson School of Management and Duke University

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D23, D92, E22, G31, G32, G33