Irina Stefanescu

Board of Governors of the Federal Reserve System

Principal Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

19

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Top 4,415

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310

CROSSREF CITATIONS

111

Scholarly Papers (19)

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1.

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

Downloads 2,295 (12,759)
Citation 46

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

Journal of Finance, Forthcoming
Number of pages: 79 Posted: 19 Jul 2012 Last Revised: 15 Aug 2015
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 2,109 (14,326)
Citation 3

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401(k), pension plans, trustee, favoritism, mutual funds

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

Netspar Discussion Paper No. 01/2013-002 - revised version August 2015
Number of pages: 80 Posted: 31 Jan 2013 Last Revised: 24 Dec 2015
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 85 (568,860)

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401(k), pension plans, trustee, favoritism, mutual funds

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

FEDS Working Paper No. 2014-96
Number of pages: 79 Posted: 09 Dec 2014 Last Revised: 15 Aug 2015
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 57 (709,176)
Citation 1

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401(k) pension plans, mutual funds, favoritism

It Pays to Set the Menu: Mutual Fund Investment Options in 401(K) Plans

NBER Working Paper No. w18764
Number of pages: 53 Posted: 02 Feb 2013 Last Revised: 10 Apr 2022
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 44 (795,666)
Citation 39

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2.

Mutual Fund Revenue Sharing in 401(k) Plans

Downloads 1,291 (30,975)
Citation 1

Mutual Fund Revenue Sharing in 401(k) Plans

Vanderbilt Owen Graduate School of Management Research Paper
Number of pages: 69 Posted: 31 Dec 2020 Last Revised: 10 Nov 2022
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 1,285 (30,673)

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401(k) plans, retirement, providers, revenue sharing, mutual funds

Mutual Fund Revenue Sharing in 401(K) Plans

NBER Working Paper No. w30721
Number of pages: 69 Posted: 05 Dec 2022 Last Revised: 11 Jun 2023
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 6 (1,177,132)
Citation 1
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3.

Expanding the Limits of Merger Arbitrage

University of North Carolina Working Paper
Number of pages: 51 Posted: 19 Jun 2003
Eliezer M. Fich and Irina Stefanescu
Drexel University - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 1,290 (31,018)
Citation 2

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Risk arbitrage, S&P 500 Index, Price Pressure Hypothesis

4.

How Do Pensions Affect Corporate Capital Structure Decisions?

The Review of Financial Studies, Forthcoming
Number of pages: 41 Posted: 06 Mar 2005 Last Revised: 22 Sep 2012
Anil Shivdasani and Irina Stefanescu
University of North Carolina Kenan-Flagler Business School and Board of Governors of the Federal Reserve System
Downloads 1,021 (43,342)
Citation 14

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Pension Plans, Debt, Capital Structure, Marginal Tax Rates

5.

Choosing Pension Fund Investment Consultants

Number of pages: 78 Posted: 28 Dec 2022 Last Revised: 07 Jun 2024
Aleksandar Andonov, Matteo Bonetti and Irina Stefanescu
University of Amsterdam and CEPR, De Nederlandsche Bank and Board of Governors of the Federal Reserve System
Downloads 617 (84,612)
Citation 5

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consultants, intermediation, asset allocation, private equity, pension funds

6.

Cost Saving and the Freezing of Corporate Pension Plans

Downloads 599 (87,866)
Citation 15

Cost Saving and the Freezing of Corporate Pension Plans

Columbia Business School Research Paper No. 16-4, Stanford University Graduate School of Business Research Paper No. 16-4
Number of pages: 65 Posted: 22 Dec 2015 Last Revised: 18 May 2020
Joshua D. Rauh, Irina Stefanescu and Stephen P. Zeldes
Stanford Graduate School of Business, Board of Governors of the Federal Reserve System and Columbia University - Columbia Business School
Downloads 555 (95,660)
Citation 8

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Pensions, Pension freezes, Pension cost, Retirement, Labor compensation, Firm value

Cost Saving and the Freezing of Corporate Pension Plans

NBER Working Paper No. w27251
Number of pages: 50 Posted: 02 Jun 2020 Last Revised: 18 Jun 2023
Joshua D. Rauh, Irina Stefanescu and Stephen P. Zeldes
Stanford Graduate School of Business, Board of Governors of the Federal Reserve System and Columbia University - Columbia Business School
Downloads 44 (795,666)
Citation 2

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7.

Cost Shifting and the Freezing of Corporate Pension Plans

FEDS Working Paper No. 2013-82
Number of pages: 54 Posted: 23 Nov 2013
Joshua D. Rauh, Irina Stefanescu and Stephen P. Zeldes
Stanford Graduate School of Business, Board of Governors of the Federal Reserve System and Columbia University - Columbia Business School
Downloads 548 (98,329)
Citation 9

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defined benefit plans, pension freezes, pension cost, labor cost, firm value, benefit accruals

8.

Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations

Downloads 543 (99,523)
Citation 21

Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations

Journal of Financial Economics (JFE), 2021, Kelley School of Business Research Paper No. 19-6
Number of pages: 79 Posted: 26 Dec 2018 Last Revised: 15 Jul 2021
Mathias Kronlund, Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
The University of Illinois at Urbana-Champaign, Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 458 (120,853)

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401(k) pension plans, Disclosure, Expense ratio, Financial regulation, Mutual funds, Pensions, Performance

Out of Sight No More? The Effect of Fee Disclosures on 401(K) Investment Allocations

FEDS Working Paper No. 2020-78
Number of pages: 66 Posted: 28 Sep 2020
Mathias Kronlund, Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
The University of Illinois at Urbana-Champaign, Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 63 (674,868)

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Out of Sight No More? The Effect of Fee Disclosures on 401(K) Investment Allocations

NBER Working Paper No. w27573
Number of pages: 65 Posted: 28 Jul 2020 Last Revised: 18 Nov 2021
Mathias Kronlund, Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
The University of Illinois at Urbana-Champaign, Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 22 (993,264)

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9.

Why are Firms in the United States Abandoning Defined Benefit Plans?

Rotman International Journal of Pension Management, Vol. 2, No. 2, Fall 2009
Number of pages: 9 Posted: 30 Oct 2009 Last Revised: 17 Feb 2011
Joshua D. Rauh and Irina Stefanescu
Stanford Graduate School of Business and Board of Governors of the Federal Reserve System
Downloads 542 (99,756)
Citation 2

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Benefit Accruals, Cost Savings, Defined Benefit Plan, Pension Conversion, Pension Freeze

10.

Financial Misrepresentation and its Impact on Rivals

Forthcoming, Financial Management
Number of pages: 45 Posted: 13 Aug 2005 Last Revised: 12 May 2014
Eitan Goldman, Irina Stefanescu and Urs Peyer
Indiana University - Kelley School of Business - Department of Finance, Board of Governors of the Federal Reserve System and INSEAD - Finance
Downloads 532 (102,035)
Citation 16

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Fraud, iearnings manipulation, industry competition

11.

Pay Me Now (and Later): Pension Benefit Manipulation before Plan Freezes and Executive Retirement

Downloads 445 (126,372)
Citation 14

Pay Me Now (and Later): Pension Benefit Manipulation before Plan Freezes and Executive Retirement

Best Paper Award - Melbourne Business School, 2016 Financial Institutions, Regulation & Corporate Governance (FIRCG) Conference, Journal of Financial Economics (JFE), 2018, Vol. 127, Pages 152-173, Netspar Discussion Paper No. 12/2014-096 - revised version October 2016, Kelley School of Business Research Paper No. 16-24
Number of pages: 52 Posted: 22 Feb 2016 Last Revised: 12 Aug 2022
Irina Stefanescu, Yupeng Wang, Kangzhen Xie and Jun Yang
Board of Governors of the Federal Reserve System, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Seton Hall University, Stillman School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 301 (193,489)
Citation 4

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Corporate governance; Executive annual bonuses; Defined benefit pension plans; Pension freezes; Executive retirement

Pay Me Now (and Later): Bonus Boosts Before Pension Freezes and Executive Departures

Kelley School of Business Research Paper No. 15-5
Number of pages: 43 Posted: 05 Dec 2014 Last Revised: 26 Aug 2015
Irina Stefanescu, Kangzhen Xie and Jun Yang
Board of Governors of the Federal Reserve System, Seton Hall University, Stillman School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 144 (386,229)

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Defined benefit pension plans; SERP; Pension freeze; Executive bonuses

12.

Private Debt versus Bank Debt in Corporate Borrowing 

Number of pages: 76 Posted: 09 May 2024 Last Revised: 12 Jul 2024
Sharjil Haque, Simon Mayer and Irina Stefanescu
Board of Governors of the Federal Reserve System, Carnegie Mellon University and Board of Governors of the Federal Reserve System
Downloads 377 (153,304)

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Private Debt, Direct Lending, Bank Loans, Capital structure, Private Equity

13.

The 'Real' Value of Conflicted Analyst Coverage

Number of pages: 57 Posted: 18 Mar 2010 Last Revised: 14 May 2014
Stacey E. Jacobsen, Irina Stefanescu and Xiaoyun Yu
Southern Methodist University (SMU) - Finance Department, Board of Governors of the Federal Reserve System and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 210 (277,738)

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Conflicts of interest, sell-side research, Global Research Settlement, analyst coverage incentives, loss of analyst coverage, information asymmetry.

14.

It Pays to Set the Menu: Mutual Fund Investment Options in 401(K) Plans

FEDS Working Paper No. 2014-96
Posted: 15 Jul 2021 Last Revised: 22 Jul 2021
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System

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15.

State and Local Pension Funding in the Enhanced Financial Accounts

FEDS Notes No. 2016-02-05
Posted: 17 Mar 2016
Matthew Hoops, Paul A. Smith and Irina Stefanescu
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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16.

Saving for College and Section 529 Plans

FEDS Notes No. 2016-02-03 https://doi.org/10.17016/2380-7172.1684
Posted: 17 Mar 2016
Simona Hannon, Kevin B. Moore, Maximilian D. Schmeiser and Irina Stefanescu
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Amazon Lending and Board of Governors of the Federal Reserve System

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17.

Introducing Section 529 Plans into the U.S. Financial Accounts and Enhanced Financial Accounts

FEDS Notes No. 2015-12-18 https://doi.org/10.17016/2380-7172.1673
Posted: 31 Oct 2015
Madeline McCullers and Irina Stefanescu
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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18.

Defined-Contribution Pension Plans for State and Local Government Employees in the Financial Accounts of the United States

FEDS Notes No. 2015-04-20
Posted: 22 Oct 2015
Matthew Hoops, Irina Stefanescu and Ivan Vidangos
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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19.

Introducing Actuarial Liabilities and Funding Status of Defined-Benefit Pensions in the U.S. Financial Accounts

FEDS Notes No. 2014-10-31-3 https://doi.org/10.17016/2380-7172.0034
Posted: 16 Dec 2014
Irina Stefanescu and Ivan Vidangos
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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