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Exploring the Symbiotic Link: Co-Integration Analysis of the Egyptian Stock Exchange and International Equity Markets Azrak, Tawfik; Alaeddin, Omar
Shirkah: Journal of Economics and Business Vol 9, No 2 (2024)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/shirkah.v9i2.610

Abstract

The present study addresses the limited discussion on the equity market in the Middle East and North African region (MENA) concerning the spill-over effects from international equity markets. By employing time series techniques, we examine the integration and causality of interdependencies among five major stock exchange markets worldwide: USA, UK, Malaysia, Hong Kong, and Japan, along with their relationship with the Egypt Stock Exchange market. Spanning from March 1998 to January 2018, our study uniquely considers the interaction between developed and developing countries. Our co-integration findings reveal the limitations of international diversification for investors with long holding periods. We highlight the importance of seeking non-co-integrated markets, such as Malaysia and Hong Kong, which were found to be insignificant in this study, for investors aiming to diversify their portfolios and explore interesting long and short-term investment opportunities.
Operational Performance of an Agile Supply Chain: A Cash to Cash Approach Prawira, Afghan; ., Syafdinal; Anwar, Asep; Alaeddin, Omar
International Journal of Supply Chain Management Vol 8, No 2 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : ExcelingTech

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59160/ijscm.v8i2.2990

Abstract

In recent business history, operational innovation has a central role in the success stories of businesses like Dell, Toyota and Wal-Mart, and firms are on their way to make the supply chains more agile. The cash conversion cycle is also playing key role in determining the supply chain performance. Therefore, the main objective of the current study is to examine the impact of agile supply chain on the supply chain operational performance of manufacturing firms operating in Indonesia. In addition to that we have also examined the direct and indirect impact of cash conversion cycle in the relationship between agile supply chain and supply chain operational performance. Of the current stud. The data is collected from the operation managers, production managers and finance managers of manufacturing firms listed in Indonesian Stock Exchange. The results of the study have shown a great deal of agreement with our proposed hypothesis. The study which is among pioneering studies on the issue will be helpful for policy makers and managers in understanding the role of agency theory in supply chain management.
Adopting Supply Chain Financial Solutions for the Risk Associated with Supply Chain Financial Flows Gunawan, Hero; Nurfarina, Anne; Amaliawiati, Lia; Alaeddin, Omar
International Journal of Supply Chain Management Vol 8, No 2 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : ExcelingTech

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59160/ijscm.v8i2.2988

Abstract

The main aim behind this empirical research is to investigate the impact of the adoption of the supply chain financial solutions on the supply chain financial flows of manufacturing firms listed in Indonesian Stock Exchange. In addition to that the study has also investigated the moderating role of cash conversion cycle in the relationship between supply chain financial solutions and supply chain financial flows. To achieve the objective of the study we have employed the panel data method and have used the linear repression and hierarchical regression techniques. The final sample comprise of 756 firm year observations over the period of 6 years from 2012-2017.teh findings of the study have shown an agreement with the proposed findings of the study. The cash conversion cycle appears as strong moderator. In author knowledge this is among few pioneering studies on this issue and will be helpful for future policy makings.
Supply Chain Financing as an Antecedent of Supply Chain Success: An Indonesian Perspective Juniati, Sri; Iskandar, Asep Deni; Rosita, Ai; Alaeddin, Omar
International Journal of Supply Chain Management Vol 8, No 2 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : ExcelingTech

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59160/ijscm.v8i2.2989

Abstract

The prime objective of this empirical research is exploring the role of supply chain financing in enhancing the supply chain management performance of the firms operating in the manufacturing sector of Indonesia. In addition to that the current study has also intended to study the impact of firm cash flow on supply chain management performance. Finally, the study has also examined the mediating role of firm cash flow in the relationship between supply chain financing and supply chain management performance. The multiple regression is used to achieve the novel objectives of the current study. The data by means of an adapted questionnaire is collected form the finance and operation managers of manufacturing firms listed in Indonesian stock exchange. Prior to regression analysis the data has undergone basic diagnostic test and after confirmation of reliability, validity and multicollinearity we have carried out a regression analysis. The direct relations of hypotheses H1,H2,and H3 are significant and positive, whereas the results of H4 are also significant, Which indicates that the firms cash flow mediates the relationship between supply chain financing and supply chain management performance