This study examines the effect of financial statement quality (FRQ), debt maturity, and Career concerns Of Directors to investment efficiency company in Indonesia.  This study is based on research Gomarez and Balesta (2014) on the quality of financial statements, debt maturity, and investment efficiency and Xie (2015) about careeer concerns of CEO. This research uses three measurement models for financial statement quality variable. The first uses the measurement model by McNichols and Stubben (2008) that uses discretionary income measurement. Then the uses measurements by Kaznik (1999)  discretionary accruals and the last uses the measurements by Dechow and Dichev (2002) accrual working capital. In measuring the debt maturity, the researcher uses short-term debt divided by total debt. This study uses 1600 observations from Indonesian companies listed on the Indonesia Stock Exchange during the period 2012-2015. This research extends the field of application of the quality of financial statements and the maturity of debt to investment efficiency in emerging markets such as Indonesia. The results show that the quality of financial statements, debt maturity and career concerns of the directors have an influence on investment efficiency, but the effect is differentiated in two scenarios underinvestment and overinvestment.