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Meghana Ayyagari

Associate Professor of International Business

  • Department: International Business
  • Email: ayyagari@gwu.edu
  • Phone: 202-994-1292
  • Fax:
  • Office: Funger Hall, 401 R
Education:
  • PhD, University of Maryland, 2004
  • BS, Bangalore University, 1997
Joined GW: 2004
Joined GWSB: 2004

Biography

Meghana Ayyagari received her PhD in finance from the University of Maryland, College Park in 2004. She teaches courses in international financial management and international business.

Professor Ayyagari’s expertise is in international corporate finance, with a focus on the role of institutions on firms, innovation, and entrepreneurship. Her research interests also include the theory of the firm with an emphasis on the constraints faced by firms in developing economies. Professor Ayyagari’s academic research has been published in the Review of Financial Studies, Journal of Financial and Quantitative Analysis, and Small Business Economics.

Professor Ayyagari has served as a consultant for several international organizations including the Development Research Group at the World Bank, USAID, and the Center for Institutional Reform and the Informal Sector (IRIS). Professor Ayyagari is a member of the American Finance Association (AFA), Western Finance Association (WFA) and the Academy of International Business (AIB) and has served as a referee on several finance, economic and management journals.

Research Summary

Professor Ayyagari’s research focuses on international corporate governance structures and property rights protection across countries. Her research interests also include the theory of the firm with an emphasis on the constraints faced by firms in developing economies. Professor Ayyagari’s academic research has been published in the Review of Financial Studies and Small Business Economics.

Selected Publications

Ayyagari, Meghana. “Bribe Payments and Innovation in Developing Countries: Are Innovating Firms Disproportionately Affected” (with Asli Demirguc-Kunt, and Vojislav Maksimovic), 2013, Journal of Financial and Quantitative Analysis, forthcoming.

Ayyagari, Meghana. “What determines protection of property rights? An Analysis of Direct and Indirect Effects” (with Asli Demirguc-Kunt, and Vojislav Maksimovic), 2013 Journal of Financial Econometrics, forthcoming.

Ayyagari, Meghana. Firm Innovation in Emerging Markets: Role of Governance and Finance (with Asli Demirguc-Kunt, and Vojislav Maksimovic), 2011, Journal of Financial and Quantitative Analysis, Vol. 46, 1545-1580. (Lead article)

Ayyagari, Meghana. Does cross-listing facilitate changes in corporate ownership and control? (with Craig Doidge), Journal of Banking and Finance 2010, 34(1), 208-223.

Ayyagari, Meghana. Formal versus Informal Finance: A Case Study of China (with Asli Demirguc-Kunt, and Vojislav Maksimovic), 2010, Review of Financial Studies Vol. 23 (8), 3048-3097

How well do Institutional Theories Explain Firms Perceptions of Property Rights? (with Asli Demirguc-Kunt and Vojislav Maksimovic), Review of Financial Studies, July 2008, 21(4)

How Important are Financing Constraints? The role of finance in the business environment (with Asli Demirguc-Kunt and Vojislav Maksimovic), World Bank Economic Review, Novermber 2008

Small and Medium Enterprises Across the Globe (with Asli Demirguc-Kunt and Thorsten Beck), Small Business Economics, December 2007, 29 (4), 415-434

Does FDI facilitate Domestic Entrepreneurship? Evidence from the Czech Republic (with Renata Kosova), accepted to the Review of International Economics

Ayyagari, Meghana. “Bribe Payments and Innovation in Developing Countries: Are Innovating Firms Disproportionately Affected” (with Asli Demirguc-Kunt, and Vojislav Maksimovic), 2013, Journal of Financial and Quantitative Analysis, forthcoming.

Ayyagari, Meghana. “What determines protection of property rights? An Analysis of Direct and Indirect Effects” (with Asli Demirguc-Kunt, and Vojislav Maksimovic), 2013 Journal of Financial Econometrics, forthcoming.

Ayyagari, Meghana. Firm Innovation in Emerging Markets: Role of Governance and Finance (with Asli Demirguc-Kunt, and Vojislav Maksimovic), 2011, Journal of Financial and Quantitative Analysis, Vol. 46, 1545-1580. (Lead article)

Ayyagari, Meghana. Does cross-listing facilitate changes in corporate ownership and control? (with Craig Doidge), Journal of Banking and Finance 2010, 34(1), 208-223.

Ayyagari, Meghana. Formal versus Informal Finance: A Case Study of China (with Asli Demirguc-Kunt, and Vojislav Maksimovic), 2010, Review of Financial Studies Vol. 23 (8), 3048-3097