This study was to analyze the effect of index corporate governance, managerial ability, ratio leverage, company size, and earnings power to the earnings management. The earnings management is the dependent variable in this study. Index corporate governance, managerial ability, ratio leverage, company size, and earnings power independent variables in the study. Samples were 52 manufacturing and service companies participating in Corporate Governance Perception Index (CGPI) for the years 2010- 2013. This study used purposive sampling criteria and double linear regression analysis test. The results showed that the index corporate governance, company size, and earnings power has a positive on the earnings management. Managerial ability and ratio leverage does not affect the value of the company.