Meghana Ayyagari

EDUCATION

Ph.D. in Finance, R. H. Smith School of Business, University of Maryland, College Park (2004)

B.S. in Electrical Engineering, Bangalore University, India (1997)


RESEARCH AND TEACHING INTERESTS

Research: International Finance, Corporate Governance, Theory of the firm, Development Economics

Teaching: International Finance, International Business


EMPLOYMENT RECORD

School of Business, George Washington University, Washington DC
Associate Professor, Department of International Business, 2010-present

Assistant Professor, Department of International Business, 2004-2010

 

Elliott School of International Affairs, George Washington University, Washington DC
Associate Professor, Department of International Business, 2010-present

Assistant Professor, Department of International Business, 2004-2010

Robert H. Smith School of Business, University of Maryland, College Park (1999-2002)
Instructor, Department of Finance


PUBLICATIONS AND PAPERS UNDER REVIEW

Formal versus Informal Finance: Evidence from China (with Asli Demirgüç-Kunt and Vojislav Maksimovic), Review of Financial Studies forthcoming
Firm Innovation in Emerging Markets: Role of Governance and Finance (with Asli Demirgüç-Kunt and Vojislav Maksimovic), Journal of Financial and Quantitative Analysis forthcoming

Does Cross-listing facilitate changes in Corporate Ownership and Control?(with Craig Doidge), Journal of Banking and Finance, 2010, 34(1), 208-223.
Does FDI facilitate Domestic Entrepreneurship? Evidence from the Czech Republic (with Renáta Kosová), Review of International Economics, 2010, 18(1), 14-29.
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).
Small and Medium Enterprises Across the Globe (with Asli Demirgüç-Kunt and Thorsten Beck) Small Business Economics, December 2007, 29(4), 415-434. 
How Important are Financing Constraints? The role of finance in the business environment (with Asli Demirgüç-Kunt and Vojislav Maksimovic) World Bank Economic Review, November 2008, 22(3), 483-516.
What determines protection of Property Rights? An Analysis of Direct and Indirect Effects (with Asli Demirgüç-Kunt and Vojislav Maksimovic)
Are Innovating Firms Victims or Perpetrators? Tax Evasion, Bribe Payments, and the Role of External Finance  in Developing Countries (with Asli Demirgüç-Kunt and Vojislav Maksimovic)


WORKING PAPERS

The Choice between Integration and Non-Integration: Evidence from India (with Radha Gopalan and Vijay Yeramilli)

The reach of corporate governance beyond the grave: Impact on recoveries on defaulted debt (with Senay Agca, Mark Carey, and Ugur Lel)

Will there be a Phoenix Miracle? Firm-level evidence from financial crises (with Asli Demirgüç-Kunt and Vojislav Maksimovic)

The Strategic Response of Business Group Affiliates in Emerging Markets to Increased Inward FDI (with Luis Dau and Jennifer Spencer)


AWARDS AND HONORS

  • National Science Foundation Research Grant (U.S.), 2009-2012
  • Dean's Research Scholar (2008-2010)
  • National Science Foundation Research Grant (U.S.), 2006-2009
  • CIBER Research Grant (2007-2008, 2008-2009)
  • University Facilitating Fund Research Grant , CIBER Research Grant (2006)
  • George Washington Institute of Public Policy (GWIPP) Policy Research Scholar (2006-2007)
  • American Consortium on European Union Studies (ACES) Research Seed Grant (2006)
  • Spot Performance Research Award, World Bank (2003)
  • Allen J Krowe Award for Teaching Excellence (2002)
  • Alan Nash Outstanding Doctoral Student Award (2001)
  • Doctoral Fellowship, University of Maryland (1998-2000)

SERVICE

Ad hoc referee for National Science Foundation (NSF), Review of Financial Studies, Journal of Financial Intermediation, Journal of Banking and Finance, Journal of Development Economics, Journal of Industrial Economics, Oxford Economic Papers, Journal of International Business Studies, Academy of International Business Meetings, Financial Management, Finance Research Letters, Journal of Economics and Management Strategy, Journal of International Money and Finance, Policy Science, Journal of World Business, International Small Business Journal, Small Business Economics, Emerging Markets Finance and Trade, Swiss National Bank Working Papers


PROFESSIONAL AFFILIATIONS

American Finance Association (AFA)

Western Finance Association (WFA)

Financial Management Association (FMA)

Academy of International Business (AIB)


INVITED PRESENTATIONS  (ACADEMIC) 

  • National Bureau of Economic Research (NBER) Summer Institute, Boston - July 2009, July 2005
  • American Economic Association Meetings (AEA) - January 2009 (San Francisco) -  January 2008 (New Orleans)
  • Annual Meetings of the Academy of International Business (AIB) - June 2008 (Milan, Italy), June 2007 (Indianapolis, Indiana), June 2005 (Quebec City, Canada)
  • Summer Research Conference, Indian School of Business (ISB), Hyderabad, India - July 2009, Aug 2008, Aug 2007, Aug 2006
  • World Bank Conferences
    • Small Business Finance Conference, Washington DC - April 2008
    • Access to Finance Conference, Washington DC - March 2007
    • Economist Forum, Washington DC - April 2006
    • Poverty Reduction and Economic Management (PREM) Conference, Washington DC - April 2006
    • Conference on Microeconomics of Growth, Washington DC - May 2006
  • Washington Area Finance Association (WAFA) Conference, Washington DC – March 2006, April 2005
  • US Agency for International Development - Mar 2006
  • Peterson Institute for International Economics, Washington DC - Feb 2006
  • Bank of Canada - 2004
  • The Brattle Group – 2004
  • Washington University (2008), American University (2006), University of Maryland Economics Department (2005), University of Virginia (2004), University of Colorado (2004), University of Pittsburgh (2004), George Washington University (2004)

 
My papers have also been presented by my co-authors at NBER Entrepreneurship Working Group, Columbia University, University of Maryland, University of Michigan, Rutgers University, University of California-Santa Cruz, Cornell University, University of Amsterdam, the European Central Bank, Chinese University of Hong Kong, Copenhagen Conference on Corporate Governance, Mc-Gill University, CERGE-Economic Institute (Prague) and Annual Meeting of the Academy of Management (2009).

 

 

INVITED PRESENTATIONS  (OTHER)

  • US Agency for International Development (2006)
  • III SME Banking Forum (Colombian Banking Association), Cartagena de Indias, Colombia (2007)
  • National Conference of State Legislatures, Washington DC (2007)