Meghana Ayyagari

George Washington University - School of Business

Washington, DC 20052

United States

University of Maryland - Robert H. Smith School of Business

College Park, MD 20742-1815

United States

SCHOLARLY PAPERS

33

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17,056

SSRN CITATIONS
Rank 3,114

SSRN RANKINGS

Top 3,114

in Total Papers Citations

110

CROSSREF CITATIONS

317

Scholarly Papers (33)

1.

Small and Medium Enterprises Across the Globe: A New Database

Number of pages: 34 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Thorsten Beck
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and City University London - The Business School
Downloads 3,449 (4,679)
Citation 17

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2.

Small vs. Young Firms Across the World: Contribution to Employment, Job Creation, and Growth

World Bank Policy Research Working Paper No. 5631
Number of pages: 43 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 1,976 (11,576)
Citation 3

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Labor Markets, Microfinance, Small Scale Enterprise, Labor Policies, Access to Finance

3.

Formal versus Informal Finance: Evidence from China

World Bank Policy Research Working Paper No. 4465
Number of pages: 77 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 1,949 (11,821)
Citation 20

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Access to Finance, Banks & Banking Reform, Debt Markets, Bankruptcy and Resolution of Financial Distress

The Rise of Star Firms: Intangible Capital and Competition

Number of pages: 107 Posted: 21 Aug 2018 Last Revised: 18 Oct 2021
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 1,469 (17,973)

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star firms, intangible capital, organizational capital, industry concentration, ROIC, capital expenditure

Who are America's Star Firms?

World Bank Policy Research Working Paper No. 8534
Number of pages: 70 Posted: 28 Aug 2018
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 79 (423,516)

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Plastics & Rubber Industry, Business Cycles and Stabilization Policies, Textiles, Apparel & Leather Industry, Pulp & Paper Industry, Food & Beverage Industry, Common Carriers Industry, Construction Industry, General Manufacturing, Labor Markets, Employment and Unemployment

How Important are Financing Constraints? The Role of Finance in the Business Environment

World Bank Policy Research Working Paper No. 3820
Number of pages: 59 Posted: 14 Nov 2005
Vojislav Maksimovic, Asli Demirgüç-Kunt, Meghana Ayyagari and Meghana Ayyagari
University of Maryland - Robert H. Smith School of Business, World Bank and George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business
Downloads 1,119 (27,006)

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Pro-Poor Growth and Inequality Inequality Economic Conditions and Volatility Private Participation in Infrastructure Economic Growth

How Important are Financing Constraints? The Role of Finance in the Business Environment

World Bank Policy Research Working Paper No. 3820
Number of pages: 47 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 231 (184,779)
Citation 10

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Emerging Markets, Access to Finance, Microfinance, Debt Markets, Achieving Shared Growth

How Important are Financing Constraints? The Role of Finance in the Business Environment

The World Bank Economic Review, Vol. 22, No. 3, pp. 483-516, 2008
Posted: 31 Dec 2008
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business

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D21, G30, O12

6.

Firm Innovation in Emerging Markets: The Roles of Governance and Finance

World Bank Policy Research Working Paper No. 4157
Number of pages: 56 Posted: 20 Apr 2016
Vojislav Maksimovic, Meghana Ayyagari, Meghana Ayyagari and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business, George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business and World Bank
Downloads 816 (42,787)
Citation 18

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Education for Development (superceded), Microfinance, Small Scale Enterprise, Investment and Investment Climate, Innovation

7.

Financing of Firms in Developing Countries: Lessons from Research

World Bank Policy Research Working Paper No. 6036
Number of pages: 99 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 599 (64,092)

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Debt Markets, Access to Finance, Emerging Markets, Financial Literacy, Banks & Banking Reform

8.

SME Finance

World Bank Policy Research Working Paper No. 8241
Number of pages: 61 Posted: 14 Nov 2017
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 577 (67,207)
Citation 1

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Technology Innovation, Technology Industry, Finance and Development, Financial Economics

What Determines Protection of Property Rights? An Analysis of Direct and Indirect Effects

Robert H. Smith School Research Paper No. RHS 06-032
Number of pages: 55 Posted: 22 Mar 2006 Last Revised: 13 Nov 2009
Vojislav Maksimovic, Meghana Ayyagari, Meghana Ayyagari and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business, George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business and World Bank
Downloads 356 (118,207)
Citation 1

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Property Rights, Legal Origin, Endowments, Directed Acyclic Graphs

What Determines Protection of Property Rights? An Analysis of Direct and Indirect Effects

World Bank Policy Research Working Paper No. 3940
Number of pages: 54 Posted: 20 Apr 2016
Vojislav Maksimovic, Meghana Ayyagari, Meghana Ayyagari and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business, George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business and World Bank
Downloads 131 (301,763)

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Legal Institutions of the Market Economy, Judicial System Reform, Anthropology, Gender and Law, Legal Products

10.

How Well Do Institutional Theories Explain Firms' Perceptions of Property Rights?

World Bank Policy Research Working Paper No. 3709
Number of pages: 47 Posted: 21 Feb 2005
Vojislav Maksimovic, Meghana Ayyagari, Meghana Ayyagari and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business, George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business and World Bank
Downloads 482 (83,913)
Citation 6

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Law, Property Rights, Variance Decomposition

11.

Politics, State Ownership, and Corporate Investments

Indian School of Business WP, Review of Financial Studies, Forthcoming
Number of pages: 80 Posted: 28 Mar 2014 Last Revised: 28 Sep 2019
Shashwat Alok, Meghana Ayyagari and Meghana Ayyagari
Indian School of Business (ISB), Hyderabad and George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business
Downloads 400 (104,367)
Citation 7

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Investment, Political Interference, State-Owned Enterprises, Elections, Political Economy, SOE, Corporate Investments, Politics and Finance, Political Influence

12.

Does Cross-Listing Lead to Functional Convergence? Empirical Evidence

Number of pages: 65 Posted: 20 Apr 2016
Meghana Ayyagari and Meghana Ayyagari
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business
Downloads 373 (112,939)

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International Terrorism&Counterterrorism, Small and Medium Size Enterprises, Microfinance, Economic Theory&Research, Small Scale Enterprise, International Terrorism&Counterterrorism, Private Participation in Infrastructure, Microfinance, Small Scale Enterprise, Economic Theory&Research

13.

Financial Inclusion in Asia: An Overview

Asian Development Bank Economics Working Paper Series No. 449
Number of pages: 27 Posted: 23 Dec 2015
Meghana Ayyagari, Meghana Ayyagari and Thorsten Beck
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business and City University London - The Business School
Downloads 347 (122,442)
Citation 7

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financial development, financial inclusion, financial system

14.

Are Innovating Firms Victims or Perpetrators? Tax Evasion, Bribe Payments, and the Role of External Finance in Developing Countries

World Bank Policy Research Working Paper No. 5389
Number of pages: 57 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 338 (126,015)

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Access to Finance, Taxation & Subsidies, Public Sector Corruption & Anticorruption Measures, Debt Markets, Public Sector Economics

Does FDI facilitate Domestic Entry? Evidence from the Czech Republic

Number of pages: 42 Posted: 01 Aug 2006 Last Revised: 10 Jul 2010
Renata Kosova, Meghana Ayyagari and Meghana Ayyagari
Imperial College London and George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business
Downloads 288 (148,316)
Citation 2

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Foreign Direct Investment, FDI spillovers, Firm Entry, Industry Dynamics, Firm Size Distributions

Does FDI Facilitate Domestic Entry? Evidence from the Czech Republic

Review of International Economics, Vol. 18, Issue 1, pp. 14-29, February 2010
Number of pages: 16 Posted: 18 Jan 2010
Meghana Ayyagari, Meghana Ayyagari and Renáta Kosová
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business and affiliation not provided to SSRN
Downloads 2 (916,852)
Citation 2

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16.

Access to Finance and Job Growth: Firm-Level Evidence Across Developing Countries

World Bank Policy Research Working Paper No. 7604
Number of pages: 48 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Pedro Juarros, Maria Soledad Martinez Peria and Sandeep Singh
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank, International Monetary Fund (IMF) and World Bank
Downloads 267 (160,867)
Citation 1

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Economic Theory & Research, Industrial Economics, Economic Growth

The Rise of Star Firms: Intangible Capital and Competition

Number of pages: 82 Posted: 26 Apr 2019 Last Revised: 13 Jan 2020
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 175 (238,222)

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star firms, intangible capital, organizational capital, industry concentration, ROIC, capital expenditure

The Rise of Star Firms: Intangible Capital and Competition

World Bank Policy Research Working Paper No. 8832
Number of pages: 63 Posted: 30 Apr 2019
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 71 (449,961)

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18.

Road to Stock Market Participation

Number of pages: 63 Posted: 02 Aug 2021
Sumit Agarwal, Meghana Ayyagari, Meghana Ayyagari, Yuxi Cheng and Pulak Ghosh
National University of Singapore, George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, George Washington University and Indian Institute of Management (IIMB), Bangalore
Downloads 227 (188,235)

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Trading behavior, Financial Inclusion, Information, Banks, Infrastructure

19.

Minimum Wage Increases and Employer Performance

Number of pages: 40 Posted: 12 May 2020
Sumit Agarwal, Meghana Ayyagari, Meghana Ayyagari and Renata Kosova
National University of Singapore, George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business and Imperial College London
Downloads 206 (206,253)

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Minimum wages, Firm performance, Entry rates, Hotel Industry

20.

Credit Growth and Macroprudential Policies: Preliminary Evidence on the Firm Level

BIS Paper No. 91a
Number of pages: 20 Posted: 29 Apr 2017
Meghana Ayyagari, Meghana Ayyagari, Thorsten Beck and Maria Soledad Martinez Peria
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, City University London - The Business School and International Monetary Fund (IMF)
Downloads 179 (233,432)
Citation 4

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financial development, macroprudential policies, firm financing

21.

Fewer and Less Skilled? Human Capital, Competition, and Entrepreneurial Success in Manufacturing

Number of pages: 81 Posted: 03 Jan 2018
Meghana Ayyagari, Meghana Ayyagari and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business and University of Maryland - Robert H. Smith School of Business
Downloads 157 (260,746)
Citation 6

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Entrepreneurship, Human Capital, Skills, Competitive Shock, Firm Entry

22.

Insider Ownership and Shareholder Value: Evidence from New Project Announcements

AFA 2012 Chicago Meetings Paper
Number of pages: 51 Posted: 17 Mar 2010 Last Revised: 11 Dec 2011
Meghana Ayyagari, Meghana Ayyagari, Radhakrishnan Gopalan and Vijay Yerramilli
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, Washington University in St. Louis - John M. Olin Business School and University of Houston, C. T. Bauer College of Business
Downloads 156 (262,101)
Citation 2

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Insider Holding, Business Groups, Diversification

23.

What Determines Entrepreneurial Outcomes in Emerging Markets? The Role of Initial Conditions

World Bank Policy Research Working Paper No. 7207
Number of pages: 83 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 144 (279,449)
Citation 3

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Labor Markets, Labor Policies, Microfinance, Environmental Economics & Policies, Banks & Banking Reform

24.

Do Phoenix Miracles Exist? Firm-Level Evidence from Financial Crises

World Bank Policy Research Working Paper No. 5799
Number of pages: 65 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 133 (297,072)

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Debt Markets, Access to Finance, Bankruptcy and Resolution of Financial Distress, Emerging Markets, Economic Theory & Research

25.

Are Large Firms Born or Made? Evidence from Developing Countries

World Bank Policy Research Working Paper No. 7406
Number of pages: 54 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 85 (401,569)

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Technology Industry, Technology Innovation

26.

Do Firms in Developing Countries Grow as They Age?

Robert H. Smith School Research Paper No. 2405725
Number of pages: 75 Posted: 08 Mar 2014
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 73 (437,870)

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Firm Growth, Financial Constraints, Firm Life-Cycle, Establishment Growth, Firm Size, Labor Regulations

27.

Political Ties across Country Borders

Number of pages: 57 Posted: 15 Oct 2019 Last Revised: 08 Apr 2020
Meghana Ayyagari, Meghana Ayyagari, April M. Knill and Kelsey Syvrud
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, Florida State University College of Business and Florida State University
Downloads 53 (512,172)
Citation 1

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political connections, international, cross-border, firm value, procurement contracts, Bipartisan Campaign Reform Act

28.

The Micro Impact of Macroprudential Policies: Firm-Level Evidence

IMF Working Paper No. 18/267
Number of pages: 66 Posted: 14 Jan 2019
Meghana Ayyagari, Meghana Ayyagari, Thorsten Beck and Maria Soledad Martinez Peria
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, City University London - The Business School and International Monetary Fund (IMF)
Downloads 45 (548,463)
Citation 1

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Macroprudential policies and financial stability, Central banks and their policies, Balance sheets, Public enterprises, financial development; macroprudential policies; firm financing, financial development, macroprudential policies, firm financing, Financial Markets and the Macroeconomy, Government Policy and Regulation

29.

Size and Age of Establishments: Evidence from Developing Countries

World Bank Policy Research Working Paper No. 6718
Number of pages: 77 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 41 (568,385)

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Microfinance, Banks & Banking Reform, Scientific Research & Science Parks, Science Education, Labor Markets

30.

Does Local Financial Development Matter for Firm Lifecycle in India?

World Bank Policy Research Working Paper No. 7008
Number of pages: 64 Posted: 20 Apr 2016
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 38 (583,934)
Citation 1

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Financial Economics, Finance and Development, Access to Finance

31.

Surviving Pandemics: The Role of Spillovers

Number of pages: 64 Posted: 24 May 2022
Meghana Ayyagari, Meghana Ayyagari, Yuxi Cheng and Ariel Weinberger
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, George Washington University and George Washington University
Downloads 22 (687,657)

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Agglomeration spillovers; Paycheck Protection Program, Supply Chains; COVID-19

32.

Finance and Poverty: Evidence from India

CEPR Discussion Paper No. DP9497
Number of pages: 70 Posted: 06 Jun 2013
Meghana Ayyagari, Meghana Ayyagari, Thorsten Beck, Mohammad Hoseini and Mohammad Hoseini
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, City University London - The Business School and Tilburg University - Center for Economic Research (CentER)Institute for Management and Planning Studies (IMPS)
Downloads 3 (865,816)
Citation 2
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Economic development, Entrepreneurship, Financial liberalization, India, Migration, Poverty alleviation

33.

How Well Do Institutional Theories Explain Firms Perceptions of Property Rights?

The Review of Financial Studies, Vol. 21, Issue 4, pp. 1833-1871, 2008
Posted: 08 Aug 2008
Meghana Ayyagari, Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, World Bank and University of Maryland - Robert H. Smith School of Business

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