05Feb 2026 by Buket Bıyıklı

February 11, Okan Akarsu

Recent Seminars
Date: 11 February 2026, Wednesday Time: 10.30 – 11.30 Place: MA-330 "Inflation Expectations and Firms' Decisions in High Inflation” by Okan Akarsu Sabancı University Abstract  We conducted a survey of Turkish firms, using randomized treatments to provide varied information about inflation in a high-inflation environment. By matching the survey data with administrative firm-level data on employment, sales, credit, and foreign exchange transactions, we explore the impact of exogenous variations in inflation expectations on firms' behavior, borrowing decisions, and expectations. Our findings are summarized in seven facts: (i) information treatments are effective at generating exogenous variation in inflation expectations, even when inflation is high; (ii) the pass-through to firms' own price, wage, and cost expectations is strong, reaching up to 60%; (iii) firms adopt a supply-side interpretation of inflation—lower inflation expectations…
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04Feb 2026 by Buket Bıyıklı
FBA Hosted an AI Training Seminar for Its Academic and Administrative Staff

FBA Hosted an AI Training Seminar for Its Academic and Administrative Staff

News & Events
The Faculty of Business Administration recently hosted an AI Training Seminar for both academic and administrative staff, delivered by Bora Güngören, Instructor and Founder & Managing Partner of Portakal Teknoloji. The seminar focused on the effective and responsible use of artificial intelligence in university work, introducing context-first and structured AI workflows for teaching, assessment, research support, and administrative processes. Emphasis was placed on clear task definition, explicit constraints, and human verification. The session brought together faculty members’ high expectations and critical perspectives, resulting in constructive discussions on the limitations, risks, and appropriate framework for AI use.
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02Feb 2026 by Buket Bıyıklı

February 4, Dean Ryu

Recent Seminars
Date: 4 February 2026, Wednesday Time: 10.30 – 11.30 Place: MA-330 "The Pricing and Economic Impact of Legal Risk" by Dean Ryu Saïd Business School – Oxford Abstract  Legal risk is an inherent feature of markets, rooted in the institutions that enable economic activity, yet it remains difficult to measure across firms. This paper constructs a text-based measure of firm-level legal risk (LRISK) using earnings call transcripts. LRISK predicts class action lawsuits and spikes during periods of heightened legal incidents. A one standard deviation increase predicts a 3–7% decline in future investment and lowers firms’ reliance on debt, consistent with precautionary motives. Legal risk is positively priced, particularly after 2010, and varies across legal origins, reflecting institutional differences. Bio Dean Ryu is a Finance Ph.D. Candidate at Said Business School,…
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29Jan 2026 by Buket Bıyıklı

January 30, Ehsan Mahdikhani

Recent Seminars
Date: 30 January 2026, Friday Time: 13.30 – 14.30 Place: MA-330 "Breaching the Chinese Wall: Cross-Market Information Flow Following Financial Institution Mergers" by Ehsan Mahdikhani Stockholm School of Economics Abstract  How does access to private loan information affect institutional investors' equity returns? Exploiting mergers between asset managers and lenders as a plausibly exogenous shock to loan-side information access, we find that after gaining access institutional investors earn higher abnormal equity returns: within institutions, managers earn 3.1 pp higher annualized returns on stocks for which they have loan-side access than on their other holdings without such access, and across institutions trading the same stock, informed managers outperform equity-only peers by 1.7 pp annualized, consistent with debt positions conferring information unavailable to pure shareholders. Mechanism tests show larger gains when financial-reporting covenants…
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