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"Penelitian ini dilakukan berdasarkan fenomena rendahnya tingkat menabung di Indonesia. Rendahnya tingkat menabung individu, khususnya pada dewasa muda dapat dipengaruhi berdasarkan aspek ekonomi dan psikologis. Penelitian ini bertujuan untuk mengetahui pengaruh literasi keuangan, sikap terhadap risiko dan kepuasan keuangan terhadap intensi menabung pada karyawan dewasa muda. Partisipan sebanyak 434 orang karyawan yang berusia 21-40 tahun dengan minimal pendidikan D3, diperoleh melalui teknik accidental sampling dan snowballing. Pengukuran literasi keuangan menggunakan alat ukur TPK (Tes Pengetahuan Keuangan) yang dibuat (Sjabadhyni dkk, 2016) berdasarkan teori Lusardi & Mitchell (2014), sikap terhadap risiko dari alat ukur ROQ milik Rohrmann (2004) dan kepuasan keuangan dari Chuan dkk (2012). Berdasarkan teknik statistik regresi yang di gunakan, diketahui Ho ditolak (R Square=0,44, p<0,01), yang berarti bahwa terdapat pengaruh literasi keuangan, sikap terhadap risiko dan kepuasan keuangan terhadap intensi menabung pada karyawan dewasa muda. Hasil penelitian ini berarti karyawan usia dewasa muda memiliki tingkat literasi keuangan yang baik, memiliki sikap menghindari risiko dan memiliki kepuasan keuangan yang tinggi akan memiliki intensi menabung yang tinggi. Oleh karena itu implikasi dari penelitian ini ialah dengan mengedukasi tentang risiko keuangan yang harus diberikan kepada setiap lapisan masyarakat sedini mungkin.

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This study was based on the phenomenon of the low saving rates in Indonesia. The low of individual saving rate, especially in young adults can be influenced based on the economic and psychological aspects. This study attempts to know the influence financial literacy, risk attitudes and financial satisfaction on saving intention among young adult employees. Participants in this research as many as 434 employees that aged 21-40 years old with at least D3 background education, that obtained through accidental sampling.

The measurement of financial literacy was using TPK (Finanncial Knowledge Test) measurement instrument that made by Sjabadhyni, et al (2016) according to Lusardy & Mitchell?s theory (2014), the measurement of risk attitude was using Rohrmann?s (2004) ROQ instrument and the measurement of financial satisfaction was using developed Chuan et all's (2012) instrument.

Based on a regression statistical technigue that used, the result showed that the null hyphothesis is rejected (R Square-0.44, p<0.01), which means there was a significant influence of financial literacy, risk attitudes and financial satisfaction on saving intention among young adult employees.

Result of this study is that the young adult employees who have the good financial literacy, have attitudes avoid the risk and high financial satisfaction will be more higher saving intention. The implication of this study is to educate earch layer of the community as early as possible about financial risk."

"ABSTRAKPenelitian ini bertujuan untuk melihat peran suksesi CEO di perusahaan keluarga dan pengaruhnya pada risiko bisnis. Dengan menggunakan data panel pada 48 perusahaan keluarga Indonesia, peneliti ingin mengetahui pengaruh suksesi terhadap risiko keuangan perusahaan keluarga dengan perspektif disruption, adaptation, stagnation, serta agency. Hasil penelitian menemukan bahwa pergantian CEO berpengaruh negatif terhadap risiko keuangan perusahaan. Selanjutnya, dapat disimpulkan juga bahwa CEO Descendants lebih menghindari risiko risk averse dibandingkan dengan CEO Founder. Sebagai tambahan, CEO dengan usia lebih tua lebih menghindari risiko dibandingkan dengan CEO yang lebih muda. Hal ini membuktikan bahwa perusahaan keluarga di Indonesia bersifat konservatif terhadap risiko keuangan.

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ABSTRACTThis study aims to investigate the role of CEO succession in family business and the effect on financial risk. Using unbalanced panel data of 48 family firms, we test the disruption, adaptation, stagnation and agency perspective of their behavior. This study finds that CEO turnover is negatively associated with firm rsquo s financial risk. We find that CEO descendants are more risk averse than CEO Founders. In addition, older CEOs are also more risk averse than younger CEOs. This implies that the Indonesian family firms were conservative towards financial risk."

"Marsh Inc. is the world's leading risk and insurance firm. Its mission is "To create and deliver risk solutions and services that make our clients more successful." Since its formation in 1871, It has grown into an enterprise with 35,000 colleagues serving clients in more than 100 countries from more than 400 owned-and-operated offices -- the most in its industry. Following are Marsh Inc.'s principal areas of client service: Risk-management, insurance-broking and program-management services are provided for businesses, public entities, professional-services organizations and private clients under the Marsh name. Reinsurance-braking, financial-modeling services and related advisory functions are conducted for insurance and reinsurance companies, principally under the Guy Carpenter name. Program-management services are delivered for associations under the Seabury & Smith name. Wholesale underwriting-management services, primarily in the area of professionalliability insurance, are performed for a wide range of clients. In performing the above functions, Marsh and its affiliated compames may have agreements with insurers providing coverage to Marsh clients through which Marsh may derive compensation contingent upon such factors as the size, growth and/or overall profitability of an entire book of business placed by Marsh with the insurers. This contingent compensation would be in addition to any other compensation Marsh May recetve such as retail, excess and surplus lines and wholesale brokerage fees or commissions, administrative fees, etc. Marsh will provide additional information upon the request of a client. Marsh Inc. is an operating unit of Marsh & McLennan Companies, Inc. (MMC). MMC is a global professional-services firm with annual revenues exceeding $10 billion and 57,000 employees. In addition to Marsh, MMC is the parent company of Putnam Investments, one of the largest investment-management companies in the United States; Mercer Consulting Group, a major global provider of consulting services; MMC Capital, a global privateequity firm; and MMC Enterprise Risk, which implements value-based enterprise rial solutions that reduce the volatility in operating performance and the cost of equity to client companies by resolving strategic, financial, operating and hazard risks. Marsh SA is the French subsidiary company of Marsh Inc, world leader of the broking of the insurance and the management consultant of the risks, which employs 33000 collaborators divided in 110 countries throughout the world. In France, Marsh employs 1300 collaborators. Marsh is member of Group MMC (Marsh & McLennan Companies) whose two other operational poles are Mercer, world leader of the consulting in human resources and major actor of the consulting in strategy, and Putnam is one of the main managers of the credits in the world. On the whole Group MMC carried out a turnover of US$ 9157 millions in 1999 and employs 53000 collaborators. On this internship which has taken from 20 July 2001 until 31 October 2001 (3.5 months only), I have taken the topic of The Case Study of the Strategy Marketing in each segment of the FINPRO DEPARTEMENT (MARSH SA) in Paris, France."

"Pandemi Covid 19 mempengaruh aktivitas perdagangan internasional, menyebabkan berkurangnya pendapatan perusahaan startup logistik yang melakukan jasa pengurusan transportasi di Indonesia. Risiko bisnis meningkat karena keterbatasan jumlah kargo tersedia, sebagai efek terganggunya rantai pasok eksportir importir. Akibatnya risiko keuangan PT A bertambah, berupa risiko kredit dan risiko pasar, yang kemudian mempengaruhi modal kerja. Sumber utama modal kerja perusahaan startup adalah penyertaan modal dari investor, karena perusahaan startup tidak dapat mendapat pinjaman dari bank (non- bankable), sehingga perusahaan startup memilih alternatif untuk melakukan pembiayaan dengan P2P Lending dengan tingkat suku bunga lebih dari bank konvensional. Risiko keuangan yang muncul akibat pandemi Covid-19 membuat tertundanya arus kas masuk, sehingga burning rate perusahaan menjadi lebih besar karena arus kas keluar menjadi lebih besar. Bertambahnya arus kas keluar, membuat sisa kemampuan PT A dalam beroperasi (runway) menjadi lebih pendek, sehingga muncul isu keberlanjutan dalam usaha PT A.

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The COVID-19 pandemi has affected international trade activities, resulting in reduced revenues for logistics startup companies that provide transportation management services in Indonesia. Business risk increases due to the limited number of available cargos, as a result of the disruption to the import-exporter supply chain. As a result, PT A's financial risk increases, in the form of credit risk and market risk, which then affects working capital. The main source of startup companies working capital is investment from investors, because startup companies is non-bankable, so they choose alternatives such as doing financing with P2P Lending with interest rates higher than conventional banks. The financial risks that arise due to the Covid-19 pandemi have delayed cash inflows, so that the company's burning rate becomes higher due to larger cash outflows. The increase in cash outflows makes the remaining ability of PT A to operate (runway) shorter, so that sustainability issues arise in PT A's business."

"Kelompok etnis minoritas Chinese Indonesian memiliki kontribusi ekonomi yang signifikan di Indonesia. Penelitian ini melihat dimensi risiko spesifiknya toleransi risiko keuangan dan pengaruh dari variabel financial literacy, financial threat, dan faktor demografis dan sosioekonomi. Penelitian menggunakan metode non-probability sampling. Penelitian ini menganalisis 401 responden dengan rentang generasi X, Y, dan Z yang merupakan bagian dari kelompok Chinese Indonesian. Metode pengumpulan data yang digunakan adalah survei online dan data yang dan diolah dengan teknik Multiple Linear Regression. Hasil dari olahan data menunjukkan bahwa financial literacy, financial threat, gender, tingkat pendidikan, dan kelompok ekonomi signfikan memengaruhi toleransi risiko keuangan. Namun, status perkawinan, kelompok generasi, dan status pekerjaan, tidak signifikan terhadap toleransi risiko. Level toleransi risiko keuangan di kelompok etnis Chinese Indonesian tergolong moderat.

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The Chinese Indonesian ethnic minority group has a significant economic contribution in Indonesia. This research looks at risk dimensions specifically financial risk tolerance and the influence of financial literacy, financial threat, and demographic and socioeconomic factors. The research uses a non-probability sampling method. This research analyzed 401 respondents ranging from generations X, Y and Z who were part of the Chinese Indonesian group. The data collection method used was an online survey and the data was processed using the Multiple Linear Regression technique. The results of the processed data show that financial literacy, financial threat, gender, education level and economic group significantly influence financial risk tolerance. However, marital status, generational group, and employment status were not significant for risk tolerance. The level of financial risk tolerance in the Chinese Indonesian ethnic group is classified as moderate."

"Studi ini bertujuan untuk meneliti pengaruh dari diversifikasi pendapatan yang dilakukan oleh bank terhadap profitabilitas dan risiko bank-bank yang ada di negara ASEAN-5 selama berlangsungnya pandemi covid-19. Sampel terdiri dari 86 bank publik yang tercatat di Bursa Efek Indonesia (BEI), Bursa Efek Singapura (SGX), Bursa Malaysia (MYX), Bursa Saham Filipina (PSE), dan Bursa Efek Thailand (SET). Metode penelitian menggunakan regresi panel dengan metode estimasi fixed-effect model. Penelitian ini menemukan bahwa diversifikasi pendapatan secara positif dan signifikan dalam memengaruhi profitabilitas dan risiko keuangan serta memengaruhi risiko kredit secara negatif signifikan pada bank-bank di ASEAN-5 selama pandemi covid-19..

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This study aims to examine the effect of income diversification carried out by banks on the profitability and risk of banks in ASEAN-5 countries during the COVID-19 pandemic. The sample consists of 86 public banks listed on the Indonesia Stock Exchange (IDX), Singapore Stock Exchange (SGX), Malaysia Stock Exchange (MYX), Philippines Stock Exchange (PSE), and Thailand Stock Exchange (SET). The research method uses panel regression with the fixed-effect model estimation method. This study finds that there is positive and significant relationship between income diversification influencing bank profitability and financial risk and negative significant effected credit risk in banks in ASEAN-5 during covid-19 pandemic."

"Struktur modal pada perusahaan sektor ketenagalistrikan menarik untuk diteliti karena industri tersebut memiliki rasio utang tertinggi diantara sektor lain. Peningkatan penggunaan utang sebagai sumber pendanaan semakin meningkatkan kemungkinan terjadinya kebangkrutan dan berdampak pada profitabilitas. Tujuan dari penelitian ini untuk menguji korelasi antara struktur modal dan profitabilitas, peran risiko kesulitan keuangan (financial distress risk) pada korelasi antara strutur modal dan profitabilitas, serta mengestimasi titik optimum penggunaan utang. Objek pada penelitian ini adalah perusahaan pada sektor ketenagalistrikan di negara G-20, dengan periode penelitian 5 (lima) tahun dari tahun 2018-2022. Metode yang digunakan pada penelitian ini adalah regresi data panel (linear dan non linear) dengan perusahaan observasi sebanyak 250 sehingga data observasi berjumlah 1.250. Hasil dari penelitian ini menunjukkan struktur modal (DAR maupun LTD) dan profitabilitas (ROA dan ROE) memiliki korelasi negatif. Pada penelitian ini juga menunjukkan bahwa financial distress risk terbukti berperan (memoderasi) pada korelasi antara strutur modal dan profitabilitas. Lebih lanjut, pada penelitian ini ditemukan hubungan non linear yang menunjukkan indikasi titik optimum DAR sebesar sebesar 24.89% dan LTD sebesar 20.07% unuk mendapatkan ROA yang maksimal. Sedangkan untuk mendapatkan ROE yang maksimal diperoleh titik optimum DAR sebesar 32.21% dan titik optimum LTD sebesar 29.75%.

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Studying the capital structure of electric utilities firms is intriguing due to its industry-leading debt level compared to other sectors. The heightened reliance on debt as a means of financing amplifies the likelihood of bankruptcy and exerts an influence on profitability. The objective of this study is to analyse the correlation between capital structure and profitability, investigate the role of financial distress risk on this relationship, and determine the optimal level of debt use. This study focuses on electric utilities firms within the G-20 countries. The research covered a period of five years, from 2018 to 2022. The research employed panel data regression (linear and non-linear), with a sample size of 250 firms, resulting in a total of 1,250 observations. The findings of this study indicate that there is a negative correlation between capital structure (DAR and LTD) and profitability (ROA and ROE). This research demonstrates that financial distress risk has a role (moderates) in the correlation between capital structure and profitability. Additionally, the study revealed a non-linear correlation that identified an optimal DAR of 24.89% and LTD of 20.07% for achieving the highest possible ROA. For achieving the highest ROE, the optimal point for the DAR is 32.21% and the optimal point for LTD is 29.75%."

"Penelitian ini dilatarbelakangi oleh sebuah perusahaan konstruksi Indonesia yang berusaha melaksanakan ekspansi ke luar negeri untuk mengembangkan pasarnya. Perusahaan konstruksi ini telah melaksanakan proyek konstruksi di berbagai negara di kawasan Afrika dan Asia Tenggara, diantaranya Aljazair, Timor Leste dan Brunei Darussalam. Risiko-risiko yang dihadapi oleh perusahaan ini di luar negeri lebih tinggi dari pada ketika menjalankan proyek konstruksi di Indonesia. Selain risiko yang bersifat teknikal, juga terdapat risiko-risiko dari bidang lain seperti dalam bidang ekonomi, sosial, politik, dan budaya.Oleh karena itu, Penulis ingin meneliti dampak risiko keuangan dan politik seperti tingkat pajak, tingkat risiko politik, dan tingkat bunga terhadap cost of capital dalam foreign direct investment. Hasil penelitian menunjukkan bahwa tidak terdapat hubungan yang signifikan dari ketiga variabel tersebut terhadap cost of capital. Masih terdapat faktor-faktor lain seperti risiko sistematis (beta), risk premium, dan risk free rate yang ikut mempengaruhi perhitungan.

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The background of this research comes from an Indonesian construction company who has made its efforts to expand its business internationally. This construction company has gone through several projects in countries of African and South East Asia Territory, which are Algeria, Timor Leste, and Brunei Darussalam. Risks faced by this company are higher than facing risks in Indonesia. Beside technical risks, there are risks in other domain, for example in economy, social, political, and cultural risks.The researcher examines the effects of financial and political risks like tax rate, political risk premium, and interest rate towards cost of capital of its foreign direct investment. The results show that there are no significant relationship between the three variables and the cost of capital. There are other factors like systematic risk (beta), risk premium, and risk free rate which also affected the calculation."