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 11,362

in Total Papers Downloads

5,918

SSRN CITATIONS
Rank 1,634

SSRN RANKINGS

Top 1,634

in Total Papers Citations

341

CROSSREF CITATIONS

418

Scholarly Papers (26)

1.
Downloads 995 ( 31,506)

Intangible Value

Number of pages: 67 Posted: 31 Dec 2020 Last Revised: 07 Feb 2022
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 979 (31,793)

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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: 13 May 2022
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 16 (741,644)

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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 745 (47,022)
Citation 118

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3.
Downloads 563 ( 67,550)
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 441 (90,031)
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 Dec 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 122 (311,069)

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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 412 (98,301)
Citation 61

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

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 364 (113,198)

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

6.

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 337 (123,300)
Citation 20

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Capital reallocation, Liquidity, Frictions, Business cycle

7.
Downloads 315 (132,199)

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 285 (146,262)

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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 2022
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 30 (632,518)

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8.

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 314 (132,622)
Citation 10

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

9.

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 244 (171,557)
Citation 6

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liquidity, consumption smoothing, portfolio choice, savings

10.

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 243 (172,226)
Citation 2

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

11.

Endogenous Liquidity in Asset Markets

Number of pages: 46 Posted: 28 Feb 2004
Andrea L. Eisfeldt
UCLA Anderson School of Management
Downloads 211 (196,885)
Citation 17

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liquidity, adverse selection, dynamic adverse selection, business cycles

12.
Downloads 178 (229,130)
Citation 2

Human Capitalists

Number of pages: 69 Posted: 19 Sep 2019 Last Revised: 29 Sep 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 163 (247,151)
Citation 3

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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: 27 Apr 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 15 (750,534)
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13.

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 157 (254,668)
Citation 8

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Capital reallocation, CEO turnover, executive compensation, business cycle

14.

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 153 (260,070)
Citation 19

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15.

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 147 (268,666)

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Volatility, Credit Spread, Leverage, Debt Overhang, Investment

16.
Downloads 115 (322,875)
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 101 (355,246)
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: 16 Jan 2022
Andrea L. Eisfeldt and Yu Shi
UCLA Anderson School of Management and UCLA Anderson School of Management
Downloads 14 (759,597)
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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17.

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 82 (401,042)
Citation 5

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Investment, used capital, financial constraints, vintage capital

18.

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 79 (409,665)
Citation 8

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Distance to Default, Volatility, Leverage, Financial Crises

19.

Total Returns to Single Family Rentals

NBER Working Paper No. w21804
Number of pages: 60 Posted: 14 Dec 2015 Last Revised: 29 Jan 2022
Andrea L. Eisfeldt and Andrew Demers
UCLA Anderson School of Management and Structured Portfolio Management, LLC
Downloads 68 (444,710)
Citation 1

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20.
Downloads 50 (513,788)
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 30 (632,518)
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 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 20 (707,861)
Citation 13

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21.
Downloads 34 (592,715)
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 27 (653,282)
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: 11 May 2022
Andrea L. Eisfeldt and Tyler Muir
UCLA Anderson School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 7 (827,115)
Citation 9

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22.
Downloads 34 (592,715)
Citation 3

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 32 (619,444)

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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 (881,927)
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credit default swaps, dealers, OTC markets

23.

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 33 (598,454)

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24.

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 Dec 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 (635,331)

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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 18 (700,822)
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