The objective of this study is to analyze the relationship between preservice teachers' time and study environment management, effort regulation, self-efficacy beliefs, control of learning beliefs and metacognitive self-regulation. This study also investigates the direct and indirect effects of metacognitive self-regulation on time and study environment management. Data from 506 preservice teachers was obtained using the Motivated Strategies for Learning Questionnaire (MSLQ). The results of the study showed that a positive and significant correlation existed between the variables of control of learning beliefs and metacognitive self-regulation; self-efficacy beliefs and metacognitive self-regulation; metacognitive self-regulation and time and study environment management; time and study environment management and effort regulation; metacognitive self-regulation and effort regulation. In addition to the direct effect of metacognitive self-regulation on time and study environment management, there was also an indirect effect through effort regulation.