This research aimed to examine the effect of financial leverage, free cash flow,
profitability and institutional ownership structure on earnings management. This
research's data source is secondary data in the form of company annual
financial report obtained from the Indonesia Stock Exchange website. The
samples are food and beverage companies listed on the Indonesia Stock
Exchange during 2014-2019. The sample selection used purposive sampling
technique and obtained 14 companies as samples with 84 observational data.
The data analysis method used multiple linear regression analysis. This study
indicates that the profitability variable has a positive effect on earnings
management, the free cash flow variable has a negative effect on earnings
management. While, financial leverage and institutional ownership structure
variable don't affect earnings management.