This study examines the effect of likuidity, profitability, and leverage on earnings management and its impact on the value of the company. The study uses hypothesis testing on secondary data obtained from corporate website and the official website of the indonesia stock exchange. The firm-year observation of this study consists of 150 manufacturing companies listed on the indonesia stock exchange from the period of 2011-2015. The result show that liquidity, profitability, and leverage jointly affect earnings management; liquidity, profitability, and leverage individually affect earning management; liquidity, profitability, leverage and earnings management together affect company value; liquidity, profitability, leverage and earnings management individually affect company value; earning management partially mediates the effect of liquidity, profitability, and leverage on company.