This study aims to determine: 1) Earnings Management negative affect on firm value, 2) government ownership positive effect on firm value, 3) foreign ownership a positive effect on firm value. This research was conducted at the company's annual financial statements of banks listed on the Stock Exchange Indonsesia (BEI) using 21 companies from 2011-2014 as the sample. Sampling using purposive sampling method. Analysis data using descriptive statistics test, classic assumption test consists of normality test, autocorrelation, multicollinearity test, test heteroskeidastisitas and hypothesis testing using multiple linear regression. Results of the study: 1) earnings management does not affect on firm value, 2) government ownership positive effect on firm value, 3) foreign ownership does not affect on firm value.