This article investigates the effects of board structure and internal Corporate-Governance (CG) mechanisms on firm value in an emerging market with concentrated ownership and family involvement. Using a unique Hong Kong (HK) panel dataset from 2001 to 2009, we create a board-structure index that...

We construct a corporate governance (CG) index to represent Hong Kong corporate governance standards and rank listed companies according to the index. Our model examines 12 variables among four governance mechanisms: board structure, executive compensation, ownership structure, and accounting...