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/

SCHOLARLY PAPERS

32

DOWNLOADS
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Top 6,149

in Total Papers Downloads

12,894

SSRN CITATIONS
Rank 1,178

SSRN RANKINGS

Top 1,178

in Total Papers Citations

931

CROSSREF CITATIONS

429

Scholarly Papers (32)

1.
Downloads 2,916 ( 8,280)
Citation 3

The Labor Impact of Generative AI on Firm Values

Number of pages: 85 Posted: 09 May 2023 Last Revised: 22 Mar 2024
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 2,898 (8,202)

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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 18 (995,147)
Citation 2
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2.
Downloads 2,176 (13,245)
Citation 19

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 Northwestern University - Kellogg School of Management - Department of Finance
Downloads 2,109 (13,717)
Citation 7

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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 Northwestern University - Kellogg School of Management - Department of Finance
Downloads 67 (623,733)
Citation 13

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3.

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
Downloads 1,126 (35,841)
Citation 118

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4.
Downloads 867 (51,830)
Citation 11

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 613 (80,437)
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 254 (220,055)
Citation 1

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5.

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 651 (75,595)
Citation 6

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

6.

Interdealer Price Dispersion

Number of pages: 125 Posted: 17 Oct 2022 Last Revised: 16 Feb 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 - School of Economics & Management
Downloads 508 (103,324)

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

7.

OTC Intermediaries

Office of Financial Research Research Paper No. 18-05
Number of pages: 68 Posted: 10 Sep 2018 Last Revised: 28 May 2021
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 463 (115,231)
Citation 13

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

8.
Downloads 455 (117,629)
Citation 5

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 355 (154,904)

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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 100 (487,475)
Citation 4

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9.

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 438 (123,017)
Citation 110

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

10.

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 384 (142,997)
Citation 20

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Capital reallocation, Liquidity, Frictions, Business cycle

11.
Downloads 327 (170,593)
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 300 (185,562)
Citation 5

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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 27 (903,775)
Citation 2

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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
Downloads 298 (188,144)
Citation 66

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13.

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 291 (192,948)
Citation 3

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

14.

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 262 (214,545)
Citation 10

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liquidity, consumption smoothing, portfolio choice, savings

15.

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 259 (217,007)
Citation 2

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

16.

Endogenous Liquidity in Asset Markets

Number of pages: 46 Posted: 28 Feb 2004
Andrea L. Eisfeldt
UCLA Anderson School of Management
Downloads 230 (243,712)
Citation 17

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liquidity, adverse selection, dynamic adverse selection, business cycles

17.

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 179 (306,635)
Citation 20

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Capital reallocation, CEO turnover, executive compensation, business cycle

18.
Downloads 148 (360,376)
Citation 16

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 122 (420,392)
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 26 (913,486)
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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The Deposit Business at Large vs. Small Banks

Number of pages: 53 Posted: 17 Nov 2023 Last Revised: 05 Apr 2024
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 126 (410,219)

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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
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 8 (1,100,172)
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20.

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 130 (399,120)
Citation 8

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Distance to Default, Volatility, Leverage, Financial Crises

21.

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 117 (432,081)
Citation 5

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Investment, used capital, financial constraints, vintage capital

22.
Downloads 88 (525,390)
Citation 78

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 53 (702,916)
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 35 (833,110)
Citation 22

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23.

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 76 (573,271)
Citation 1

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24.
Downloads 70 (600,047)

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intangible capital, growth, productivity, factor shares

25.

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 64 (628,902)
Citation 2

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26.
Downloads 63 (633,856)
Citation 56

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 46 (749,297)
Citation 5

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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 17 (1,005,905)
Citation 44

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27.

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
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 48 (719,110)
Citation 5

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28.
Downloads 47 (725,499)
Citation 5

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 45 (756,295)

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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 2 (1,152,555)
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credit default swaps, dealers, OTC markets

29.

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 46 (731,894)
Citation 1

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30.

A Model of Intangible Capital

NBER Working Paper No. w30376
Number of pages: 25 Posted: 22 Aug 2022 Last Revised: 02 Jul 2023
Downloads 19 (952,875)
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31.

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 14 (1,003,374)

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32.

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