Andrea Eisfeldt is an expert on financial markets. Professor Eisfeldt’s current research includes financial economic issues related to valuation, bank products and bank valuation, equity and bond market pricing, liquidity, and equity compensation. Her valuation work addresses standard corporate finance approaches as well as frontier innovations in the valuation of intangible assets and the impact of generative artificial intelligence (GenAI) on firm values.
Professor Eisfeldt has deep expertise in analyzing valuation, damages, and securities issues that arise in litigation. She has performed discounted cash flow (DCF) analysis, evaluated the relationship between stock price changes and information releases, assessed comparable financial products and rates, and conducted liquidity and trading analysis.
Extensive testifying experience in securities litigation and asset management matters
Professor Eisfeldt has testified in depositions, arbitrations, and trials. She has been retained as an expert witness in numerous finance cases, analyzing issues that involve securities prices and information, valuation, financial institutions, investments, interest rates, derivatives, and liquidity.
In securities class actions, she has worked on Section 10b and Section 14a matters, addressing price impact and damages issues at the class certification stage, as well as loss causation and damages.
Award-winning academic research and publications
Professor Eisfeldt has been awarded best paper prizes in the Journal of Finance, the Review of Financial Studies, and Real Estate Economics. In recent research, Professor Eisfeldt has documented changes in firms’ valuations due to improvements in GenAI. This published work includes analyses of firm-level workforce exposure to AI, equity returns, and the evolving landscape of productivity.
Professor Eisfeldt is the vice president of the American Finance Association and will serve as president beginning in 2028. She is also the vice president-elect of the Western Finance Association and will become president in 2029. At the National Bureau of Economic Research (NBER), Professor Eisfeldt coheads the Asset Pricing Program and also serves as a research associate in the programs for asset pricing, corporate finance, and economic fluctuations and growth.
At UCLA Anderson, Professor Eisfeldt teaches courses on bonds, options and currencies, corporate finance, and FinTech, a course she developed. Previously, she spent a decade at the Kellogg School of Management at Northwestern University, receiving tenure in 2007.
Leadership in asset management and investment strategy
Professor Eisfeldt is a member of the board of directors of the UCLA Investment Company, which manages part of the University’s endowment. She has served on the board of the American Finance Association as a member of the investments committee. She also serves as an academic advisor to Vise, a FinTech investment management firm. Professor Eisfeldt’s research on valuing intangible assets led to the creation of the Next Intangible Index used in the Simplify NXTI ETF.
In addition to her more than two decades in finance research and teaching, Professor Eisfeldt has extensive asset management experience, including as chief economist at Structured Portfolio Management and as a consultant to AQR Capital Management.
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