Meghana Ayyagari

photo - Meghana Ayyagari
Title:
Professor of International Business; Professor of International Affairs; Professor of Finance (by courtesy)
Office:
International Business
Address:
Funger Hall
2201 G Street NW
Suite 401R
Washington, DC 20052
Phone:
202-994-1292
Email:
[email protected]
Website:
GW University Profile

Meghana Ayyagari is a professor of international business, finance and international affairs at the George Washington University School of Business and the Elliott School of International Affairs. Her recent research studies the role of intangible capital in the rise of star firms and the financing constraints faced by firms in developing economies. Her broader research interests include international corporate governance structures and property rights protection across countries, the theory of the firm, and entrepreneurship. Professor Ayyagari's academic research has been published in several journals including the Review of Financial Studies, the Review of Finance, the Academy of Management Journal, and the Journal of Financial and Quantitative Analysis. She has served as a consultant for the Development Research Group at the World Bank, the Asian Development Bank, USAID, and the Center for Institutional Reform and the Informal Sector (IRIS). Professor Ayyagari is an associate editor at the Journal of Banking and Finance. She holds a Ph.D. in Finance from the University of Maryland, College Park and a B.S. in Electrical Engineering from Bangalore University, India.

  • Development Economics
  • International Finance
  • Financial Development and Growth
  • Theory of the Firm
  • Corporate Governance

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.

Ph.D., University of Maryland, 2004
B.S., Bangalore University, 1997

  • Development Economics
  • International Finance
  • Financial Development and Growth
  • Theory of the Firm
  • Corporate Governance
  • 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.
  • 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, November 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. 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
  • Ayyagari, Meghana; Asli Demirguc-Kunt, and Vojislav Maksimovic, 2017, What determines entrepreneurial outcomes across the world?  Role of Initial Conditions, Review of Financial Studies 30 (7) 2478-2522.
  • Ayyagari, Meghana; Luis Dau, and Jennifer Spencer, 2015, Strategic Responses to FDI in Emerging Markets:  Are Core Members More Responsive than Peripheral Members of Business Groups, Academy of Management Journal 58(6) 1869-1894 
  • Ayyagari, Meghana; Asli Demirguc-Kunt, and Vojislav Maksimovic, 2014, Who creates jobs in developing countries?  Small Business Economics 43, 75-99
  • Ayyagari, Meghana; Asli Demirguc-Kunt, and Vojislav Maksimovic, 2013, What determines protection of property rights?  An Analysis of Direct and Indirect Effects, Journal of Financial Econometrics 11(4), 610-649.