Details for Sabanci University

Participant Status


Type of Organization


Type of Education

Technical, Undergraduate, Post Graduate, Doctoral, Executive


Istanbul, Turkey


Sign Up Date to PRME

16 Sep 2008

Current Sharing Information on Progress Report Submission

07 Jan 2018

Sharing Information on Progress (2017)

Progress report (2015-2017) - View Report

Period Covered: Jan 2015 to Dec 2017

Sabanci School of Management continues to be strongly committed to the Principles of Responsible Management Education. Focused on sustainability as an overarching goal and better governance as an enabler, Sabanci School of Management takes great pride in being an early and vigorous implementer of the PRME in all dimensions. Our faculty is fully engaged with businesses and their stakeholders around the pressing issues of climate change, women empowerment, financial stability and sustainable finance.

Achievements Curriculum Integration in the Field of Corporate Responsibility and Sustainability

We have submitted a document which summarized our drivers and instruments for
PRME, our ongoing efforts and plans when we signed the Global Compact agreement. Our document listed the following priorities:
• Faculty awareness and collaboration with international faculty on Sustainable
• Supporting student initiatives and inviting speakers from leading corporations to
present their Sustainability initiatives.
• Offering related classes such as Sustainable Operations, Environmental
• Engagement with NGOs.

Our 2010 report demonstrates that we have made some progress in all of these areas, except offering new courses. In the coming period, our priorities will remain the same; however we have the following concrete action items for the next phase:

• We will continue our efforts to encourage companies to offer CSR projects for
our MBA Company Action Program (CAP) course. We aim to have at least 1
such project in the next academic year. By CSR project, we do not mean
initiatives/campaigns decoupled from core businesses of the firms but projects
which aim sustainable integration of social, environmental and economic goals in
organizational policies.
• We will open an elective course on Corporate Governance in EMBA program.
• We will incorporate a seminar series on Corporate Governance in Practicing
Finance Course in “Master in Finance” program.
• We started a discussion within the University about the need to establish a system to measure our performance in “graduating confident, socially responsible
individuals, enriched with the ability to reflect critically and independently,
combined with a strong sense of social responsibility” as mentioned in our
• We will reduce the gap between our research and the communication of the
outcome to the wider society- especially when our research has policy
implications, by strengthening our collaboration with Istanbul Policy Centre of
Sabanci University.

Achievements Research Development in the Field of Corporate Responsibility and Sustainability

Our faculty is specifically interested in corporate governance, corporate transparency, investor behaviour, board diversity and disclosure issues. Our faculty collaborates with industry to conduct high impact research.
Recent refereed journal publications and book chapters include;

Melsa Ararat, (2010). “‘Comply or Explain’ without consequences, the Case of Istanbul Stock Exchange”, Forthcoming in Handbook on International Corporate Governance, ed. C. Mallin. Edward Elgar, Cheltenham-UK, Northampton- USA (2nd ed).

Melsa Ararat and Mahmut Bayazit, (2009). “Does the Adoption of Social Standards Marginalise Labour Unions? The Case of Turkey’s garment industry, in Corporate Social Responsibility, A Case Approach, ed. C. Mallin , Cheltenham, Northampton, Edward Elgar.

Melsa Ararat, (2008). “A development perspective for “corporate social responsibility”, case of Turkey”, Corporate Governance, International Journal of Business in Society, Vol.8, No.3, pp. 271-285 (Winner of Emerald Literati Award)

Melsa Ararat with B. Burcin Yurtoglu, (2008). “Competition and Corporate
Governance”, Yönetim Arastırmaları Dergisi (Journal of Management Research), 2006, Vol.6, No.1-2, pp. 5-44.

Melsa Ararat, together with Burcin Yurtoglu, (2008) Rating based Indexing of Istanbul Stock Exchange, Lessons from its Failure and Novo Mercado’s Success in Advancing Corporate Governance Reforms, FOCUS (IFC, Global Corporate Governance Forum), 5, 57-77.

Ayse Karaevli, (2007). Performance Consequences of New CEO “Outsiderness”: Moderating Effects of Pre- and Post-Succession Contexts. Strategic Management Journal, 28: 681-706.

Behlul Usdiken with O. Yıldırım-Öktem, "Contingencies versus external pressure:
professionalization in boards of firms affiliated to family business groups in lateindustrializing countries ", British Journal of Management, Vol.21, No.1, March 2010, 115-130 (SSCI)

Behlul Usdiken and S.A. Wasti, "Preaching, teaching and researching at the periphery: academic management literature in Turkey, 1970-1999", Organization Studies, Vol.30,No.10, October 2009, 1063-1082 (SSCI)

Behlul Usdiken "Bir örgütsel alanın yeniden sekillenisi: Türkiye’de is hayatına yönelik
yüksek öğretimde değisim, 1955-1975", METU Studies In Development (Muhan Soysal Special Issue), Vol.35 2009, 1-40

Behlul Usdiken with L. Engwall, and M. Kipping (forthcoming), “Public science
systems, higher education and the trajectory of academic disciplines: Business studies in the United States and Europe” in Richard Whitley, Jochen Glaser and Lars Engwall (eds.), Reconfiguring Knowledge Production: Changing Authority Relationships in the Sciences, Oxford: Oxford University Press.

Behlül Üsdiken (forthcoming), “The ‘kin’ and the ‘professional’: Top leadership in
family business groups” in Asli Colpan, Takashi Hikino and James Lincoln (eds.), The Oxford Handbook of Business Groups, Oxford: Oxford University Press.

Behlul Usdiken with Matthias Kipping (2009), “Beyond transfer and translation: The role of foreign models in the development of management education in Germany, Sweden, and Turkey” in Linda Wedlin, Kerstin Sahlin and Maria Grafström (eds.), Exploring the Worlds of Mercury and Minerva: Essays for Lars Engwall, Uppsala: Uppsala University, Chap.3, 45-68.

Working papers and work in progress include:

Melsa Ararat, M. Aksu and A.T. Çetin, (2010), ‘Impact of Board Diversity on Boards’ Monitoring Intensity and Firm Performance: Evidence from the Istanbul Stock Exchange’(The findings of this publication has been reported by Corporate Library’s report on Performance Impacts of Board Diversity on 28th July 2010 ). Conference Proceedings,IABPAD 2010

Melsa Ararat, Hakan Orbay and B. Burcin Yurtoglu, “Determinants of Voting Behaviour of Institutional Investors in Turkey”

Melsa Ararat, Bernard Black and B. Burcin Yurtoglu, “Does Corporate Governance
Predict Firms’ Market Values, Evidence from Turkey”

Melsa Ararat with Hakan Orbay and B. Burcin Yurtoglu, “Board Independence and Firm

Performance in Firms with Concentrated Ownership: Evidence from Turkey”
Melsa Ararat with Mehtap Aldogan, “Women on boards, who are they, who appoints them and what do they do; an exploratory analysis”

Ayse Karaevli, & Zajac E. J. When Does New CEO Outsiderness Generate Strategic Change? When Paradox and Irony Meet

Ayse Karaevli, The Outsider CEO Paradox: (When) Do They Outperform Insiders?

Ayse Karaevli, ‘Strategic Change or Déjà vu? Why Does Unrelated Diversification Still Create Value in Emerging Markets?’ (Will be presented at the Israel Strategy
Conference, December 27-29, 2010, Haifa, Israel)

Karaevli, A. & Demirok, E. “Change Within Continuity”: Entry Mode Strategies of
Turkish Family Holdings and Their Affiliated Firms (1938-2009)

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