The Impact of Inefficiency and Bank Risk on Value of Banking Companies with Earnings Management as Moderating Variable

This research aimed to examine the effect of efficiency and credit risk on the value of banking companies with Earnings Management (EM) as a moderating variable. Size and leverage were used as control variables. The values of the companies were proxied by PBV (Price-to-Book Value). This research used secondary data from a population of 41 banks listed on the Indonesia Stock Exchange (IDX) for the 2016-2021 period. The results of this research indicated that NPL (Non-Performing Loans) negatively impacted the bank value. However, other main variables did not affect it, including Earnings Management which was not a moderator.