The research related to correlations between the structure ownership with the firm’s value is a discussion about corporate governance which is still has contradictory conclusion and mixed result. It’s indicates open question that need emperical evidence. The influence concentrated Ownersjp to firm’s still brought conflict of interest so role of analyst following can be stated as an alternative of corporate governance mechanism (Lang et al. 2004). The objective of this research are to examine interacting effect between concentrated ownership with analyst following and interacting effect between concentrated ownership with investor protection toward firm’s value in five Asian companies. Asia is chosen because it has unique characteristic, that is ownership structure in Asia more concentrated on their families board of governance is weak (Choi, 2003), The data is obtained from Bloomberg and OSIRIS database for the periode 2011-2013 in five Asian Countries (China, Korea selatan, Malaysia, Taiwan dan Thailand). The sample which is used in this research is consisting of 6.500 firm year observations; 4600 firm year observations are categorized in low investor protection and 1.900 firm year observations are categorized in high investor protection. Multiple Regression analysis is used to test hypotheses. The results show that concentrated ownership effected positively and significant to firm’s value.The interacting effect between concetrated ownership to analyst following to firm’s value is positive but did not significant.On the other hand, this research shows that concentrated ownership will influence firm’s value at level of investor protection in a country is low.