Meghana Ayyagari

University of Maryland - Robert H. Smith School of Business

College Park, MD 20742-1815

United States

George Washington University - School of Business

Washington, DC 20052

United States

  • University of Maryland - Robert H. Smith School of Business

  • George Washington University - School of Business

SCHOLARLY PAPERS

34

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173

CROSSREF CITATIONS

307

Scholarly Papers (34)

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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 3,538 (5,467)
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 2,257 (11,192)
Citation 5

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

3.

The Rise of Star Firms: Intangible Capital and Competition

Downloads 2,112 (12,478)

The Rise of Star Firms: Intangible Capital and Competition

Forthcoming Review of Financial Studies
Number of pages: 108 Posted: 21 Aug 2018 Last Revised: 11 Apr 2023
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 1,972 (13,646)

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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 140 (341,126)

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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

4.

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 1,982 (13,766)
Citation 20

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

5.

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

Downloads 1,381 (24,029)
Citation 50

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 1,136 (31,534)

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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 245 (206,624)
Citation 14

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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 843 (48,545)
Citation 18

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Education for Development (superceded), Microfinance, Small Scale Enterprise, Investment and Investment Climate, Innovation

7.

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 841 (49,037)
Citation 1

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

8.

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 703 (61,951)

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

9.

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

Downloads 519 (90,976)
Citation 1

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 380 (130,382)
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 139 (343,032)

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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 495 (96,105)
Citation 7

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Law, Property Rights, Variance Decomposition

11.

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 466 (103,420)
Citation 9

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financial development, financial inclusion, financial system

12.

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 427 (114,558)
Citation 13

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

13.

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 388 (127,931)

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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

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 375 (132,975)

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

15.

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 333 (151,323)

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Minimum wages, Firm performance, Entry rates, Hotel Industry

16.

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 307 (164,962)
Citation 3

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

17.

The Rise of Star Firms: Intangible Capital and Competition

Downloads 305 (166,118)
Citation 2

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 213 (236,534)

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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 92 (463,954)
Citation 2

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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 290 (175,215)

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Trading behavior, Financial Inclusion, Information, Banks, Infrastructure

19.

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 279 (182,299)
Citation 1

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Economic Theory & Research, Industrial Economics, Economic Growth

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 224 (226,253)
Citation 6

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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 201 (250,115)
Citation 5

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

22.

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 178 (278,693)
Citation 4

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

23.

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 167 (294,416)
Citation 2

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Insider Holding, Business Groups, Diversification

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 151 (320,461)

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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 100 (435,678)
Citation 1

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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 93 (456,957)

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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: 79 Posted: 15 Oct 2019 Last Revised: 03 Aug 2023
Meghana Ayyagari, Meghana Ayyagari, April M. Knill and Kelsey Syvrud
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, Darla Moore School of Business, University of South Carolina and Florida State University
Downloads 80 (501,026)
Citation 2

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

28.

Surviving Pandemics: The Role of Spillovers

Downloads 73 (527,928)

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 53 (631,866)

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

Surviving Pandemics: The Role of Spillovers

CESifo Working Paper No. 9891
Number of pages: 66 Posted: 24 Aug 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 20 (877,998)

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agglomeration spillovers, Paycheck Protection Program, supply chains, Covid-19

29.

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 63 (570,840)
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

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 58 (594,299)
Citation 1

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Financial Economics, Finance and Development, Access to Finance

31.

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 57 (599,298)

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

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 and Mohammad Hoseini
George Washington University - School of BusinessUniversity of Maryland - Robert H. Smith School of Business, City University London - The Business School and Tehran Institute for Advanced Studies
Downloads 3 (1,004,108)
Citation 2
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Economic development, Entrepreneurship, Financial liberalization, India, Migration, Poverty alleviation

33.

Firm Resiliency: The Role of Spillovers

Posted: 14 Sep 2023
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 - Department of International Business

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Corporate Resiliency; Paycheck Protection Program, Supply Chain Disruption; Local spillovers

34.

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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