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

26

DOWNLOADS
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Top 12,225

in Total Papers Downloads

4,987

SSRN CITATIONS
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SSRN RANKINGS

Top 1,690

in Total Papers Citations

336

CROSSREF CITATIONS

422

Scholarly Papers (26)

1.
Downloads 747 ( 42,196)

Intangible Value

Number of pages: 66 Posted: 31 Dec 2020 Last Revised: 04 Aug 2021
Andrea L. Eisfeldt, Edward Kim and Dimitris Papanikolaou
UCLA Anderson School of Management, UCLA Anderson School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 735 (42,578)

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Value investing, value factor, intangible assets, intangible capital

Intangible Value

NBER Working Paper No. w28056
Number of pages: 67 Posted: 09 Nov 2020 Last Revised: 20 Jul 2021
Andrea L. Eisfeldt, Edward Kim and Dimitris Papanikolaou
UCLA Anderson School of Management, UCLA Anderson School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 12 (722,211)
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2.

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 660 (49,698)
Citation 118

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3.
Downloads 484 ( 73,555)
Citation 1

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 AQR Capital Management, LLC
Downloads 376 (98,160)
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 2021
Peter Diep, Andrea L. Eisfeldt and Scott A. Richardson
AQR Capital Management, LLC, UCLA Anderson School of Management and AQR Capital Management, LLC
Downloads 108 (311,493)

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4.

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 Kenan-Flagler Business School & NBER
Downloads 401 (91,851)
Citation 61

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

5.

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 312 (121,614)
Citation 20

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Capital reallocation, Liquidity, Frictions, Business cycle

6.
Downloads 305 (124,618)

Complex Asset Markets

Number of pages: 76 Posted: 15 Aug 2016 Last Revised: 23 Sep 2018
Andrea L. Eisfeldt, Hanno N. Lustig and Lei Zhang
UCLA Anderson School of Management, Stanford Graduate School of Business and The University of Hong Kong - School of Economics and Finance
Downloads 281 (135,178)

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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: 25 Aug 2021
Andrea L. Eisfeldt, Hanno N. Lustig and Lei Zhang
UCLA Anderson School of Management, Stanford Graduate School of Business and The University of Hong Kong - School of Economics and Finance
Downloads 24 (627,194)

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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 256 (149,321)
Citation 10

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

8.

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 240 (159,064)
Citation 6

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liquidity, consumption smoothing, portfolio choice, savings

9.

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 239 (159,742)
Citation 2

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

10.

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 233 (164,334)

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

11.

Endogenous Liquidity in Asset Markets

Number of pages: 46 Posted: 28 Feb 2004
Andrea L. Eisfeldt
UCLA Anderson School of Management
Downloads 204 (185,509)
Citation 17

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liquidity, adverse selection, dynamic adverse selection, business cycles

12.

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 151 (240,896)
Citation 8

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Capital reallocation, CEO turnover, executive compensation, business cycle

13.
Downloads 110 (305,733)
Citation 6

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 98 (332,702)
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: 18 Jul 2021
Andrea L. Eisfeldt and Yu Shi
UCLA Anderson School of Management and UCLA Anderson School of Management
Downloads 12 (722,211)
Citation 6

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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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14.
Downloads 107 (311,706)
Citation 2

Human Capitalists

Number of pages: 66 Posted: 19 Sep 2019 Last Revised: 13 May 2021
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 98 (332,702)
Citation 2

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Human Capital, Labor Share, Equity-Based Compensation, Complementarity

Human Capitalists

NBER Working Paper No. w28815
Number of pages: 78 Posted: 17 May 2021 Last Revised: 20 Jul 2021
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 9 (747,736)
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15.

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 104 (317,738)
Citation 18

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16.

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 77 (382,744)
Citation 5

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Investment, used capital, financial constraints, vintage capital

17.

Bonds vs. Equities: Information for Investment

Number of pages: 47 Posted: 10 May 2021
Huifeng Chang, Adrien d'Avernas and Andrea L. Eisfeldt
University of California, Los Angeles (UCLA) - Department of Economics, Swedish House of Finance and UCLA Anderson School of Management
Downloads 70 (403,558)

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Volatility, Credit Spread, Leverage, Debt Overhang, Investment

18.

Total Returns to Single Family Rentals

NBER Working Paper No. w21804
Number of pages: 60 Posted: 14 Dec 2015 Last Revised: 31 Jul 2021
Andrea L. Eisfeldt and Andrew Demers
UCLA Anderson School of Management and Structured Portfolio Management, LLC
Downloads 65 (419,687)
Citation 1

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19.

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 60 (436,931)
Citation 8

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Distance to Default, Volatility, Leverage, Financial Crises

20.
Downloads 43 (504,767)
Citation 58

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 26 (612,736)
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 2021
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 17 (680,842)
Citation 13

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21.
Downloads 31 (565,137)
Citation 3

The Market for OTC Derivatives

NBER Working Paper No. w18912
Number of pages: 71 Posted: 22 Mar 2013 Last Revised: 05 Sep 2021
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 29 (592,312)

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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 (810,199)
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credit default swaps, dealers, OTC markets

22.
Downloads 27 (589,097)
Citation 31

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 20 (657,288)
Citation 12

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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: 10 May 2021
Andrea L. Eisfeldt and Tyler Muir
UCLA Anderson School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 7 (764,799)
Citation 8

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23.

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 2021
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 27 (589,097)

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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 20 (636,300)

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25.

Government Guarantees and the Valuation of American Banks

NBER Working Paper No. w24706
Number of pages: 84 Posted: 18 Jun 2018 Last Revised: 26 Jun 2021
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 14 (680,050)
Citation 5

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26.

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