The research aims to show that premanaged earnings negatively influence to earnings management while expected dividend positvely influence to earnings management. The sample of this research is manufacturing companies listed on the Indonesia Stock Exchange (BEI) during the year 2014-2016. This research uses 160 samples of manufacturing companies selected by using purposive sampling method. The data used in this research is secondary data in the form of financial statements of manufacturing companies. Analysis test used in this research is Multiple Regression Analysis. The based on multiple regression analysis and classical assumption test that has been done before, it is found that premanaged earnings have negative effect to earnings management, while expected dividend doesn’t have any effect toward earnings management.