Andrea Eisfeldt

Associate Professor of Finance

andrea.eisfeldt@anderson.ucla.edu

Biography

Professor Eisfeldt is an associate professor of finance.  Prior to joining UCLA Anderson, she was an associate professor at the Kellogg School of Management at Northwestern University.  Much of Professor Eisfeldt’s research is aimed at understanding the determinants and dynamics of financial market liquidity.  In her research, she has quantitatively examined the demand for liquidity by investors and by firms.  She has also investigated the effects of market liquidity on portfolio choice and corporate investment. 

Professor Eisfeldt also studies corporate investment.  Recent projects examine the effect of financial constraints on firms' decisions to lease or buy, and on whether or not to adopt the newest vintage of capital. She has also studied the unique risk characteristics of firms' organization capital, and documents the high expected returns which firms heavily invested in organization capital earn.

Professor Eisfeldt's work has been published in top-tier academic journals such as the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics.  Her research has earned prizes for distinguished papers published in the Journal of Finance (Smith Breeden Prize) and the Journal of Financial Economics (Jensen Prize).

Education

Ph.D. Economics, 2000, University of Chicago
M.A. Economics, 2000, University of Chicago
B.S. Economics, 1994, University of Illinois, Urbana-Champaign