<table border="1" cellspacing="0" cellpadding="0"><tbody><tr><td valign="top" width="454"><p class="16bIsiAbstrak">Penelitian ini bertujuan untuk menguji pengaruh dari profitabilitas terhadap nilai perusahaan dan juga untuk mengetahui efek intellectual capital sebagai variabel moderasi pada hubungan antara profitabilitas terhadap nilai perusahaan pada perusahaan yang tergabung dalam indeks LQ45 periode 2016-2018. Pemilihan sampel menggunakan purposive sampling method, metode analisis data yang digunakan adalah analisis regresi moderasi (MRA). Hasil penelitian menunjukkan bahwa profitabilitas memiliki pengaruh positif dan signifikan terhadap nilai perusahaan LQ45 dan intellectual capital dapat memoderasi hubungan antara profitabilitas terhadap nilai perusahaan LQ45 periode 2016-2018</p><p class="16bIsiAbstrak"><em> </em></p></td></tr></tbody></table>

This study examines the impact of overconfidence bias, herding bias, and risk perception on stock investment decisions. This study uses explanatory research with a quantitative approach. The population in this study is the Generation Z Society, the generation born between 1997-2012 in Malang City who invests in the capital market. The sampling technique used in the study was purposive sampling. Data collection was used through surveys using questionnaires, and the use of Likert scales to test instruments. The data were analyzed using Structural Equation Model Partial Least Square (SEM-PLS) modeling. The results of this study indicate that overconfidence bias and herding bias contained in investors can reduce the quality of investment decisions. In addition, overconfidence bias and herding bias can also reduce investors' risk perception. The perception of risk in investors can influence investment decisions and increase the benefits of the investment process. Risk perception can mediate between overconfidence bias and herding bias on investment decisions. The results of this study suggest that investors should minimize the formation of bias when making investment decisions and diversify their portfolios to minimize risk.  

This study aims to determine the effect of profitability on firm value and to determine cash holding as a moderating variable on the relationship between profitability and firm value in the LQ45 index. Sampling method used in this article was purposive sampling method. The data analysis method used is moderated regression analysis (MRA). The study showed that profitability has positive and significant effect on firm value. While cash holding variable unable to moderate the relationship between profitabilityto firm value.