The Effect of Earnings Management and Company Size on Company Value with Profitability as a Moderating Variable: A Study on Manufacturing Companies in Indonesia 2019–2022

The purpose of this study is to determine the effect of earnings management and company size on company value, as well as the function of profitability as a moderation factor between the two variables. A sample of 105 manufacturing companies became the sample of this quantitative research and this study used secondary data listed on the Indonesia Stock Exchange (IDX) in the 2019–2022 period. In this study, data analysis methods that include classical assumption tests, descriptive statistics, and moderate regression analysis (MRA) will be evaluated using the SPSS 26 tool. This finding shows that in variables profit management, company size, and profitability can have a significant effect simultaneously on company value. However, testing through moderation regression analysis and partial tests shows that company size has a negative influence not significantly on company value, but profit management has a positive and significant influence on company value. Furthermore, the role of profitability moderation suggests that profitability can strengthen a company's size against firm value. However, profitability is not able to strengthen profit management against company value.