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"Kemajuan teknologi dalam industri keuangan telah merevolusi industri yang disebut fintech, yang mengarah pada munculnya financial robo-advisor. Financial robo-advisor ini menarik calon investor dengan menggunakan machine learning algorithm untuk memberikan panduan investasi otomatis dengan pengawasan manusia yang minimal, berdasarkan tujuan keuangan dan toleransi risiko pengguna. Beberapa penelitian telah mengeksplorasi niat untuk mengadopsi financial robo-advisor. Penelitian ini menyelidiki niat pengguna untuk berinvestasi dengan financial robo-advisor, dengan fokus pada beberapa faktor, seperti algorithm interpretability, structural assurance, interactivity, government regulation, perceived financial dan privacy risks, perceived financial benefit dan trust. Penelitian ini mengumpulkan data dari 357 responden dan dianalisis menggunakan Partial Least Square Structural Equation Modelling (PLS-SEM). Temuan menunjukkan bahwa algorithm interpretability dan structural assurance secara negatif dan signifikan mempengaruhi perceived financial dan privacy risks. Sebaliknya, interactivity dan government regulation secara positif dan signifikan mempengaruhi perceived financial benefit. Interactivity juga secara positif dan signifikan mempengaruhi perceived trust, sedangkan government regulation tidak. Selain itu, perceived financial dan privacy risks tidak mempengaruhi investment intention, sementara perceived financial benefit dan trust secara positif dan signifikan mempengaruhi investment intention.

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Technological advancements in the financial industry have revolutionised the industry called fintech, leading to the emergence of financial robo-advisors. These financial robo- advisors attract the potential investors using machine learning algorithms to provide automated investment guidance with minimal human oversight, based on users’ financial goals and risk tolerance. Several researches have explored the intention to adopt financial robo-advisors. This research investigates users’ intentions to invest with financial robo- advisors, focusing on several factors, such as algorithm interpretability, structural assurance, interactivity, government regulation, perceived financial and privacy risks, perceived financial benefit and trust. This research collected data from 357 respondents and analysed using Partial Least Square Structural Equation Modelling (PLS-SEM). The findings indicate that algorithm interpretability and structural assurance negatively and significantly influence perceived financial and privacy risks. Conversely, interactivity and government regulation positively and significantly influence perceived financial benefit. Interactivity also positively and significantly influences perceived trust, whereas government regulation does not. Additionally, perceived financial and privacy risks do not influence investment intention, while perceived financial benefit and trust positively and significantly influence investment intention."

"In The million-dollar financial services practice, author David J. Mullen, Jr. reveals how to become a top-producing financial advisor using the method he has taught at Merrill Lynch and is famous for in the industry. This comprehensive book combines marketing, prospecting, sales, and time management techniques into a system that will help readers build a successful and lucrative practice. Mullen gives financial advisors all the tools and guidance they need to:? get the appointment? build relationships? convert prospects to client? retain clients? use niche marketing successfully? balance current clients and prospects? increase the products and services each client uses"

"Other books have claimed to help readers build a lucrative financial services practice...but it was "The Million-Dollar Financial Services Practice" that provided ambitious financial advisors with a step-by-step, tactical process proven to work. The second edition is updated throughout and contains new strategies for acquiring affluent clients and assets by providing Wealth Management services, using social media and "Alumni Marketing," targeting successful realtors as clients, and much more. Using the method he has taught at Merrill Lynch and is famous for in the industry, author David J. Mullen, Jr. shows how anyone - no matter where they are in their career - can get the appointment, convert prospects to clients, build relationships, retain clients, use niche marketing successfully, and increase the products and services each client uses. Packed with templates, scripts, letters, and tried-and-true Market Action Plans, the book provides readers with the tools and guidance they need to take their financial services practice to the million-dollar level and beyond."

"Propel Funeral Service (Propel) adalah penyedia layanan perawatan kematian terkemuka di Australia dan Selandia Baru. Perusahaan ini menawarkan berbagai layanan komprehensif termasuk pemakaman, kremasi, penguburan, dan memorialisasi. Didirikan pada akhir 1800-an, Propel telah tumbuh menjadi entitas terbesar kedua di sektor ini dengan melakukan lebih dari 18.000 layanan pemakaman pada tahun 2023 yang meningkat sebesar 9% dari tahun sebelumnya. Perusahaan ini telah mencapai pertumbuhan pendapatan sebesar 16%, didorong oleh investasi strategis dalam ekspansi layanan, manajemen jaringan, dan akuisisi, yang sejalan dengan perkiraan peningkatan angka kematian akibat populasi yang menua. Meskipun mengalami peningkatan pendapatan yang signifikan, Propel melaporkan arus kas bebas  negatif untuk FY23, yang terutama disebabkan oleh investasi besar dalam akuisisi dan properti. Strategi keuangan Propel mencakup penggunaan utang dan potensi pendanaan ekuitas untuk mengatasi defisit arus kas bebas, serta mempertahankan hubungan yang kuat dengan komunitas lokal sebagai keunggulan kompetitif. Selain itu, perusahaan ini memiliki posisi yang baik untuk memanfaatkan fragmentasi pasar, dengan rencana untuk akuisisi lebih lanjut di sektor yang didominasi oleh bisnis kecil dan keluarga. Praktik akuntansi Propel menunjukkan fokus pada pelaporan biaya berdasarkan sifatnya, yang sesuai dengan standar AASB. Analisis keuangan ini menyoroti pentingnya evaluasi pasar yang berkelanjutan dan penyesuaian strategis untuk memastikan nilai pemegang saham, terutama mengingat ketidakpastian asumsi pertumbuhan yang dapat memengaruhi harga saham. Harga pasar saat ini melebihi nilai yang dihitung, sehingga harga jual saham Propel dapat menguntungkan perusahaan, meskipun dengan ketidakpastian terkait kinerja dan kondisi pasar di masa depan.

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Propel Funeral Service (Propel) is a leading provider of death care services in Australia and New Zealand, offering a comprehensive range of offerings including funeral, cremation, burial, and memorialization services. Established in the late 1800s, Propel has grown to become the second-largest entity in the sector, conducting over 18,000 funeral services in 2023—a 9% increase from the previous year. The company has achieved a 16% revenue growth, driven by strategic investments in service expansion, network management, and acquisitions, which align with the anticipated rise in death rates due to an aging population. Despite a robust revenue increase, Propel reported a negative Free Cash Flow (FCF) for FY23, attributed primarily to significant investments in acquisitions and property. Propel’s financial strategy includes leveraging debt and potential equity financing to address FCF deficits while maintaining strong relationships within local communities as a competitive advantage. Additionally, the company is well-positioned to capitalize on market fragmentation, with plans for further acquisitions in a landscape dominated by smaller, family-run businesses. Propel’s accounting practices reveal a focus on reporting expenses by nature, aligning with AASB standards, and managing contract liabilities and contingent considerations as financial obligations tied to past events. This financial analysis underscores the importance of continuous market evaluation and strategic adjustments to ensure shareholder value, particularly given uncertainties surrounding WACC and growth assumptions that could influence share pricing. The company’s current market price exceeds the calculated valuation, suggesting a potential sell recommendation, albeit with caution regarding future performance and market conditions."

"ABSTRAKTesis ini menganalisis tentang mitigasi risiko nilai tukar menggunakan emas dan PUAS untuk dana Biaya Penyelenggaraan Ibadah Haji BPIH di Indonesia. Penelitian ini menggunakan data sekunder berupa jumlah setoran dana awal BPIH oleh calon jemaah Haji, kurs Rupiah terhadap dolar AS Nilai Tengah Rupiah , rate PUAS, dan harga emas dunia per ons dengan teknik simulasi kuantitatif dengan metode simulasi matematik. Periode dibagi menjadi 2 dua , disaat keadaan ekonomi sedang krisis Januari 2004 sampai dengan Agustus 2011 dan keadaan ekonomi sedang stabil September 2011 sampai dengan Desember 2017 . Hasil penelitian menunjukkan bahwa terdapat perbedaan jumlah bulan yang mengalami excess dan deficit antara lindung nilai dengan emas dan PUAS baik untuk semua tenor maupun semua periode. Untuk periode pertama di saat krisis, baik lindung nilai dengan emas maupun PUAS, semakin panjang tenor maka semakin besar jumlah bulan yang mengalami excess. Dari sisi nilai manfaat, terdapat perbedaan pula antara lindung nilai dengan emas dan PUAS untuk semua tenor dan semua periode. Pada periode pertama, emas memiliki rata-rata nilai manfaat monthly rate lebih tinggi dibandingkan dengan PUAS, sedangkan pada periode kedua, rata-rata nilai manfaat PUAS lebih tinggi. Banyaknya jumlah bulan yang mengalami excess dan deficit tidak berpengaruh pada nilai manfaat yang dihasilkan pada masing-masing lindung nilai emas dan PUAS . Berdasarkan hasil simulasi dari penelitian ini, emas merupakan aset lindung nilai terhadap pergerakan USD/IDR pada keadaan sedang krisis. Waktu yang tepat untuk melakukan lindung nilai dengan penempatan pada emas adalah pada keadaan ekonomi sedang krisis dan tenor yang digunakan merupakan tenor panjang yaitu 12 bulan yang memiliki rata-rata nilai manfaat cukup tinggi namun risiko volatilitas nilai manfaat lebih rendah dibandingkan dengan tenor lainnya dan probabilitas bulan yang mengalami excess lebih besar.

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ABSTRACTThis thesis analyzes the mitigation of exchange rate risk using gold and PUAS for Hajj fund in Indonesia. This study uses secondary data such as amount of initial fund deposit of BPIH by Hajj pilgrims, Rupiah exchange rate against US dollar Nilai Tengah Rupiah , PUAS rate, and world gold price per ounce by quantitative simulation technique with mathematical simulation method. Period is divided into 2 two , while the economic situation is in crisis January 2004 until August 2011 and the economic condition is stable September 2011 until December 2017 . The results show that there are differences in the number of months experiencing excess and deficit between hedging with gold and PUAS for all tenors and all periods. For the first period in times of crisis, whether hedging with gold or PUAS, the longer the tenor, the greater the number of months experiencing excess. In terms of yield, there are also differences between hedging with gold and PUAS for all tenors and all periods. First period, gold had an average monthly rate higher than PUAS, while in the second period, the average monthly rate of PUAS was higher. The number of months experiencing excess and deficit does not affect the monthly rate yield generated on each hedge gold and PUAS . Based on the simulation result from this research, gold is a hedging asset against the movement of USD IDR in a state of crisis. The right time to hedge with placement in gold is in the state of the crisis economy and the tenor used is long tenor of 12 months, which has the high average yield but the risk volatility of yield is lower than the other tenors and the probability of months experiencing greater excess."

"Riset ini bertujuan untuk mengidentifikasi pengaruh tingkat adopsi IFRS dalam mengurangi home bias investor dan analis melalui dua cara, yaitu pengaruh langsung dan pengaruh tidak langsung melalui daya banding laporan keuangan. Home bias adalah kecenderungan investor dan analis untuk lebih banyak berinvestasi atau mengikuti perusahaan negara asal karena adanya kendala informasi. Adopsi IFRS diduga merupakan salah satu faktor yang dapat meningkatkan investasi asing karena dapat menurunkan biaya informasi yang menyebabkan home bias.Riset ini juga mengevaluasi peran tingkat penegakan standar akuntansi, public governance dan kualitas audit terhadap pengaruh adopsi IFRS dalam meningkatkan daya banding dan dalam menurunkan home bias. Berkurangnya home bias investor ditandai dengan meningkatnya kepemilikan saham investor institusional asing. Berkurangnya home bias analis ditandai dengan meningkatnya rasio jumlah foreign analyst following. Sampel riset ini adalah perusahaan terdaftar di pasar modal di 18 negara dengan periode observasi dari tahun 2003 sampai 2012.Berbeda dengan riset terdahulu yang mengukur adopsi IFRS secara sederhana, yaitu ?adopsi? dan ?tidak adopsi,? riset ini mengembangkan pengukuran tingkat adopsi IFRS di level negara dengan lebih detil melalui pemberian skor yang berbeda untuk adopsi IFRS yang tidak dilakukan secara penuh, adopsi dengan penundaan tahun berlaku dan adopsi dengan perbedaan teks. Hasil penelitian menunjukkan bahwa tingkat adopsi IFRS meningkatkan daya banding laporan keuangan. Tingkat adopsi IFRS berpengaruh langsung dan tidak langsung dalam menurunkan home bias investor asing melalui daya banding laporan keuangan.Hasil pengujian pada analis menunjukkan bahwa pengaruh tingkat adopsi IFRS dalam menurunkan home bias analis hanya terjadi melalui pengaruh tidak langsung melalui daya banding laporan keuangan. Pengaruh langsung tingkat adopsi IFRS dalam menurunkan home bias analis tidak terlihat. Selain itu, hasil riset menunjukkan bahwa tingkat penegakan standar akuntansi di level negara secara konsisten memperkuat pengaruh adopsi IFRS dalam menurunkan home bias pada investor dan analis, serta secara konsisten tidak berpengaruh terhadap hubungan adopsi IFRS dan daya banding laporan keuangan.Pengaruh public governance dan kualitas audit menunjukkan hasil yang kurang konsisten. Public governance cenderung memiliki peran substitusi yaitu memperlemah pengaruh adopsi IFRS dalam menurunkan home bias dan juga memperlemah pengaruh adopsi IFRS dalam meningkatkan daya banding laporan keuangan. Sementara itu, kualitas audit memiliki peran komplementer yang memperkuat pengaruh adopsi IFRS dalam menurunkan home bias investor dan analis, namun berperan sebagai substitusi pada hubungan antara adopsi IFRS dengan daya banding laporan keuangan.

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This study aims to identify the effect of the IFRS adoption in reducing the investors? home bias and analysts through two channels, i.e. direct effect and indirect effect through the comparability of financial statements. Home bias is the tendency of investors and analysts to overweight their investment in local company or follow the local company due to information barriers. This study argues that the IFRS adoption, among other factors, could attract more foreign investments by reducing the information barriers that causing home bias.

This study evaluates the role of country level?s enforcement of accounting standards, public governance and audit quality on the effects of IFRS adoption in improving the comparability of financial statemet and in reducing the home bias. The decrease in investors? home bias is indicated by the increase in foreign institutional investors? ownership. The decrease in analysts? home bias is indicated by the increase in foreign analyst following. Research samples are listed companies from 18 countries with the observation period from 2003 to 2012.

Unlike previous studies, this study uses a continuous variable to measure the level of IFRS adoption which is measured at country level. This study includes countries that do not fully adopt the IFRS, partially adopt, make some delays in adoption or some modifications to IFRS. The results show that the level of IFRS adoption has positive effect on the comparability of financial statements. The IFRS adoption has direct positive effect on foreign institutional investors' holdings and has indirect effect through the comparability of financial statements.

The results also shows that the IFRS adoption has indirect positive effect on the number of foreign analysts following that occurs through the comparability of financial statements. The direct effect of the IFRS adoption on the number of foreign analysts following is not exist. Further, the results show that the level of enforcement of accounting standards at the country level are consistently strengthen the effect of the IFRS adoption in reducing the investors? and analysts? home bias, and consistently doesnot affect the relationship between the IFRS adoption and the comparability of financial statements. The effect of public governance and audit quality shows less consistent results.

Public governance tends to have substitute role on the effect of IFRS adoption in reducing the investors?s and analysts? home bias as well as weaken the effect of the IFRS adoption in improving the comparability of financial statements. Meanwhile, the audit quality has complementary roles that strengthen the effect of the IFRS adoption in reducing the home bias of investors and analysts, but shows a substitute role on the relationship between the IFRS adoption and the comparability of the financial statements."

"Financial Technology atau FinTech dengan model Peer-to-Peer Lending (P2P) adalah salah satu dari metode pembiayaan saat ini yang banyak digunakan oleh industry kreatif hingga perusahaan jasa konstruksi karena didukung oleh keuntungan dari berbagai aspek. Tetapi, walaupun adaptasi terhadap seluruh industry sangat cepat dan besar di dunia, tetapi berbanding terbalik dengan kondisi adaptasinya di Indonesia. Banyak Perusahaan Jasa Konstruksi Kecil dan Menengah mengalami kesulitan keuangan dan akses untuk pembiayaan proyeknya oleh karena permasalahan kompetisi dengan perusahaan yang lebih besar serta pembayaran yang terlambat oleh pemilik proyek. Studi ini memiliki tujuan untuk mengembangkan strategi peningkatan adaptasi dari FinTech P2P Lending agar dapat meningkatkan penggunanya sehingga akses pembiayaan terhadap perusahaan jasa konstruksi kecil dan menengah dapat lebih mudah. Studi ini menggunakan metode TAM untuk mengidentifikasi faktor yang sudah baik, masih kurang, dan perlu peningkatan untuk strategi adaptasi Fintech P2P Lending untuk PUJK. Hasil yang didapat adalah saat ini ekosistem P2P Lending Indonesia masih harus dikembangkan pada beberapa sector seperti kemudahan penggunaan, kemudahan pengendalian, hingga loyalitas. Dari hasil benchmark dengan beberapa negara didapat strategi pengembangan adapasi tersebut. Strategi tersebut ditempuh dengan peningkatan keuntungan yang diharapkan, kustomisasi dashboard, peningkatan garansi serta asuransi, kerja sama eksklusif, maupun pembuatan Platform P2P Lending khusus Perusahaan Jasa Konstruksi.

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Financial Technology (FinTech) with the Peer-to-Peer Lending (P2P) scheme is one of the project financing methods that has been widely utilized by crea-tive industries owing to its benefits in various aspects, particularly the con-struction services companies. However, though its massive adoption in the construction industries in multiple countries, P2P has not been tapped by In-donesia’s construction companies. Many small and medium-sized enterprises (SMEs) working in the construction sector experience financial difficulties and access to capital for their projects, primarily due to competition with larger companies and late payments from the project owners. This Study aims to study the current research on the adoption of P2P lending FinTech in SME construction service companies. Used method is TAM to identify the current situation and determined affected factors. The result of this study shows that factors deemed necessary as well as a new strategy to increase users for FinTech adoption can help foster the development of the business processes compatible with the needs of SME construction companies, subsequently increasing its level of use in the future."

"[ABSTRAK Pengukuran kinerja sebuah perusahaan dapat mempengaruhi kesuksesan dalammencapai tujuan utama sebuah program. Makalah Non Skripsi ini membahastentang ketepatan pengukuran kinerja secara finansial terhadap pencapaian sebuahprogram kelestarian alam. Saya akan menjelaskan tentang pengukuran kinerjayang cocok untuk membantu mencapai tujuan sebuah perusahaan. Tesis ini akanmenjelaskan kemungkinan adanya konflik antara pengukuran kinerja financialdengan program kelestarian alam, komentar mengenai pengukuran kinerja yang digunakan Solea saat ini, dan saran untuk mengembangkan pengukuran kinerja agarlebih sejalan dengan program kelestarian alam Solea.ABSTRACT Performance measure of a company may affect the success of achieving corporate

objective. The paper discusses about the appropriateness of financial measurement

on helping the company achieving its sustainability goals. The thesis also

examines the probability of tension existing between using financial performance

measure and attaining sustainability objective, the use of current performance

measurement of Solea, and suggestion on performance measurement that might be

suitable for Solea.;Performance measure of a company may affect the success of achieving corporate

objective. The paper discusses about the appropriateness of financial measurement

on helping the company achieving its sustainability goals. The thesis also

examines the probability of tension existing between using financial performance

measure and attaining sustainability objective, the use of current performance

measurement of Solea, and suggestion on performance measurement that might be

suitable for Solea., Performance measure of a company may affect the success of achieving corporate

objective. The paper discusses about the appropriateness of financial measurement

on helping the company achieving its sustainability goals. The thesis also

examines the probability of tension existing between using financial performance

measure and attaining sustainability objective, the use of current performance

measurement of Solea, and suggestion on performance measurement that might be

suitable for Solea.]"