The purpose of this research is to analyze the influence of the Investment
Decision, Financing Decision, Exchange Rate towards Firm Value and Firm Risk
as an intervining variable PMA manufacture. Research period 2013 - 2016
resulting 96 PMA manufacture company sample that listed in Indonesia Stock
Exchange. Proxy that used are market to book value of assets for Investment
Decision debt to equity ratio for Financing Decision, Middle Rate USD/IDR for
Exchange Rate, degree of operating leverage for Firm Risk, and price to book
value for Firm Value. The method that we used is a documentation method. As for
the techniques analyst we used a data panel regression analys.
The results of the research Investment Decision and Financing Decision
do not have a effect towards the Firm risk. Exchange rate had a positive effect
towards Firm risk. Investment decision, Financing decision, Exchange rate had a
positive effect towards Firm value. Firm risk had a negative effect towards Firm
value. The result for path analysis explains Firm Risk is an intervening variable
that is unable to explain the effect of Investment Decision, Financing Decision,
and Exchange Rate to Company Value then investment decision and the
Financing decision and the exchange rate had a direct effect towards the Firm
value.

Keywords :
Investment Decision, Financing Decision, Exchange Rate, Firm
Risk, and Firm Value.