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CV

Research

Grants and Awards

Teaching

 

PUBLICATIONS

 

Minimum Wages and Employer Performance with Sumit Agarwal and Renata Kosova2022 Management Science forthcoming


Access to finance and job growth: Firm-level evidence across developing countries
with Pedro Juarros, Maria Soledad Martinez Peria, and Sandeep Singh
, 2021 Review of Finance forthcoming

Do Phoenix Miracles Exist? Firm-level evidence from financial crisis with Asli Demirguc-Kunt, and Vojislav Maksimovic
2021 Journal of Corporate Finance forthcoming

Are Large Firms Born or Made? Evidence from Developing Countries with Asli Demirguc-Kunt, and Vojislav Maksimovic

Small Business Economics 2021, 57, 191-219.

Finance, law and poverty: Evidence from India with Thorsten Beck and Mohammad Hoseini. 

Journal of Corporate Finance 2020, 60

Politics, State Ownership, and Corporate Investments with Shashwat Alok

Review of Financial Studies 2019, 33 (7), 3031-3087.

 

What determines entrepreneurial outcomes across the world? Role of Initial Conditions with Asli Demirguc-Kunt and Vojislav Maksimovic

Review of Financial Studies 2017, 30 (7), 2478-2522.

 

Strategic Responses to FDI in Emerging Markets: Are Core Members More Responsive Than Peripheral Members of Business Groups with Luis Dau and Jennifer Spencer

Academy of Management Journal 2014, 58(6), 1869-1894.

 

Bribe Payments and Innovation in Developing Countries: Are Innovating Firms Disproportionately Affected with Asli Demirguc-Kunt and Vojislav Maksimovic

Journal of Financial and Quantitative Analysis 2014, 49(1), 51-75.

Who creates jobs in developing countries? with Asli Demirguc-Kunt and Vojislav Maksimovic

Small Business Economics 2014, 43, 75-99.

What determines protection of property rights? An Analysis of Direct and Indirect Effects with Asli Demirguc-Kunt and Vojislav Maksimovic, Journal of Financial Econometrics 2013, 11(4), 610-649.

 

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

 

Formal versus Informal Finance: A Case Study of China with Asli Demirguc-Kunt and Vojislav Maksimovic

Review of Financial Studies 2010, Vol. 23 (8), 3048-3097.

 

Does cross-listing facilitate changes in corporate ownership and control? with Craig Doidge

Journal of Banking and Finance 2010, Vol. 34(1), 208-223.

 

Does FDI facilitate Domestic Entrepreneurship: Evidence from the Czech Republic with Renata Kosova

Review of International Economics 2010, Vol. 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 2008, 21(4), 1833-1871.

How Important are Financing Constraints? The role of finance in the business environment with Asli Demirguc-Kunt and Vojislav Maksimovic

World Bank Economic Review 2008, 22(3), 483-516.

 

Small and Medium Enterprises across the Globe with Thorsten Beck and Asli Demirguc-Kunt

Small Business Economics 2007, 29(4), 415-434.

WORKING PAPERS

 

The Rise of Star Firms: Intangible Capital and Competition. with Asli Demirguc-Kunt, and Vojislav Maksimovic,

Revise and resubmit, Review of Financial Studies


Fewer and Less Skilled? Human Capital, Competition, and Entrepreneurial Success with Vojislav Maksimovic,

Revise and resubmit, Review of Financial Studies  


Road to Stock Market Participation with Sumit Agarwal, Yuxi Cheng, and Pulak Ghosh, 2021

Surviving Pandemics: Role of Agglomeration Spillovers
with Yuxi Cheng and Ariel Weinberger, 2021

Political Ties across Country Borders with April Knill and Kelsey Syvrud, 2019.

Does Local Financial Development Matter for Firm Lifecycle? Evidence from India Asli Demirguc-Kunt and Vojislav Maksimovic, 2014.

 

BOOK CHAPTERS

 

Ayyagari, Meghana; Asli Demirguc-Kunt, and Vojislav Maksimovic, 2019, Institutions, Firm Financing and Growth in Handbook of Development and Institutions, in Jean-Marie Baland, Francois Bourguignon, Jean-Philippe Platteau, and Theirry Verdier eds., Princeton University Press.

 

Ayyagari, Meghana; Asli Demirguc-Kunt, and Vojislav Maksimovic, 2018, “Financing SMEs and Economic Development” in Handbook of Finance and Development, Thorsten Beck and Ross Levine, eds., Edward Elgar Publishing

 

Ayyagari, Meghana; Asli Demirguc-Kunt, and Vojislav Maksimovic, 2013, Financing in Developing Countriesin Handbook of the Economics of Finance Vol. 2, in George M Constantinides, Milton Harris, and Rene Stulz, eds., Elsevier B.V.

 

 

POLICY PAPERS

 

Ayyagari, Meghana and Kijin Kim. 2019. Access to finance for SMEs: Trade finance and the Role of Technology, prepared for the Asian Development Outlook 2019

 

Ayyagari, Meghana; and Thorsten Beck. 2014. Financial Inclusion in Asia: An Overview, prepared for the Asian Development Outlook 2015