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Hakan Orbay Research Award

2025 Hakan Orbay Research Award

Applications have started for the Hakan Orbay Research Awards, which encourage innovative theoretical and applied research in fields of finance and financial economics, in order to keep alive the name of Sabancı Business School Member Hakan Orbay, who passed away in 2011. 

In the evaluation process of the awards given in two categories, namely "Young Researcher" and "Doctorate Student", priority will be given to supporting theoretical and/or applied studies in the fields of firm theory, contract and incentive theories, company finance, corporate governance, and research aimed at understanding emerging markets. 

In the award program, where applications covering both theoretical and applied research in the fields of finance and financial economics are accepted, the aim is to encourage applications related to finance in areas such as firm theory, incentive and contract theory, and corporate management, on which Hakan Orbay worked intensively. 

The award amount will be 1500 Dollars in the Young Researcher category and 750 Dollars in the Doctorate Student category. 

Applications are open untilJuly 25, 2025.

 


 

CLICK FOR APPLICATION


For more information; orbayaward@sabanciuniv.edu 

 


Award Jury:

Benan Zeki Orbay, Istanbul Bilgi University

Ümit Gürün, University of Texas

Semih Uslu, Johns Hopkins University

Eren İnci, Sabancı University

Aziz Şimşir, Sabancı University

Koray Deniz Şimşek, Rollins College

Melsa Ararat, Founding Director of Sabancı University Corporate Governance Forum of Turkey & Advisory Board Member

Yiğit Atılgan, Sabancı University

Coordinator: Burcu Albayrak & Burcu Ergin, Sabancı University


Short Bio of Hakan Orbay:

After graduating from Ankara Science High School in 1979, Hakan Orbay received his undergraduate degrees in Electrical Engineering and Physics from Bogazici University in 1983. He obtained his Master’s degree in Electrical Engineering from Calgary University and subsequently returned to Turkey to work in the Information Technology area of the banking sector between 1988-1991. He kept close links with academia during those years and eventually went to the U.S. for his doctoral studies in 1991. After obtaining a PhD in Economics from Stanford University, Graduate School of Business, he worked as a faculty member at Koc University until 1999. Next, he joined the Sabancı Business School during its establishment years and worked there as a faculty member until his untimely death in 2011. Hakan Orbay produced original research in microeconomics and finance and made important contributions to the establishment and development of the Sabancı Business School, Istanbul, Turkey.

 

 

2024 Winners

 
Young Researcher AwardJeong Ho Kim, Florida State University, "Optimal Communication in Banking Supervision"
PhD Student AwardSevgi Söylemezgil, Binghamton University, "Biodiversity Risk in the Corporate Bond Market"

2023 Winners

 
Young Researcher AwardDr. Deniz Aydın, Olin Business School Washington University in St. Louis.  "Forbearance vs. Interest Rates: Tests of Liquidity and Strategic Default Triggers in a Randomized Debt Relief Experiment"
PhD Student AwardChenchuan Shi, University of Oxford. "Risk, Uncertainty and Entrepreneurship"

2022 Winners

Young Researcher AwardUmut Dur (PhD: University of Texas at Austin & Professor at NC State University) Julien Combe, Olivier Tercieux, Camille Terrier, M. Utku Ünver ile ortak çalışması olan “ Market Design for Distributional Objectives in (Re)assignment: An Application to Improve the Distribution of Teachers in Schools’’
PhD Student AwardEce Yegane (MA: Sabancı University & PhD student at University of Maryland) “Stochastic Choise with Limited Memory’

2021 Winners

 
Young Researcher AwardBegüm Güney, PhD: New York University, Ozyegin University Faculty Member, “Games with Switching Cost and Endogenus References?”.

2020 Winners

PhD Student AwardUmit Yılmaz, PhD: Swiss Finance Institute & USI, Ozyegin University Faculty Member, “Why do firms borrow from Foreign Banks?”.

2019 Winners

Young Researcher Award

Oğuzhan Karakaş, University Senior Lecturer in Finance Cambridge Judge Business School, University of Cambridge, “Coordinated Engagements”
PhD Student AwardGüner Velioğlu, PhD Candidate, Warrington College of Business, University of Florida, “Why Are Commercial Loans So Sticky? The Effect of Private Information on Loan Spreads”

2018 Winners

Young Researcher AwardSelman Erol, Tepper School of Business, Carnegie Mellon University, “Network Hazard & Bailouts”
PhD Student Award Adrian Aycan Çorum,Former PhD Candidate, The Wharton School, UPENN (Finance Department), “Activist Settlements”

2017 Winners

Young Researcher AwardSemih Üslü, Carey Business School, John Hopkins University,“Pricing and Liquidity in Decentralized Asset Markets”
PhD Student AwardNaime Usul, PhD Adayı, Faculty of Business Administration (Finance) Bilkent University, “Affect-Based Stock Investment decision: The Role of Affective Self-Affinity”

 2016 Winners

Young Researcher AwardNaim Buğra Özel, Jindal School of Management, University of Texas at Dallas, “Earnings Expectations and Employee Safety”
PhD Student Award Kazım Anıl Eren, PhD Candidate, Institute of Social Sciences, Ph.D. of Economics, Koç University, “The Determinants of Happiness in Turkey Evidence from City Level Data”

2015 Winners

1.Ümit Gürkan Gürün, Naveen Jindal School of Management, University of Texas at Dallas, “Resident Networks and Firm Trade”
2.Mehmet Ihsan Canayaz, PhD Candidate, Saïd Business School, University of Oxford, “Is the revolving door of Washington a back door to excess corporate returns?”
3.Cem Demiroğlu, CASE, Koç University, “ Indicators of Collateral Misreporting”

2014 Winners

1.Mathis Wagner, Department of Economics, Boston College, “Immigrants versus Natives? Displacement and Job Creation”
2.Haluk Çitçi, Faculty of Business Administration, Gebze Institute of Technology, “Agency and Transparency in Financial Markets”
3.Aygün Dalkıran, Department of Economics, Bilkent University, “Limits of Reputations”