This study discusses the relationship between corporate governance and firm value, capital and firm value. This study uses multiple regression analysis. The empirical samples are collected from Taiwanese electronic manufacturers between 2000-2004. The empirical results show the corporate governance have significance effects on the firm value, the capital structure have significance effects on the firm value. The study discusses the relationship between corporate governance variables and firm value, manager shareholding ratio has significant negative effects on firm value, board size has significant positive relationship. The non-performed loans variables have significant effects on the capital adequacy ratio. The empirical results show the significant positive relationship between debt ratio for firm value, the ratio of short-term debt of total debt have significance effects on the firm value.