摘要：The policy reforms on disclosure of individual skills and the increasing number of studies focusing on individual attributes of CEOs and directors have motivated research exploring the skill of directors. In this study, we are examining the benefit of director skill and firm performance. This study answers whether the skill generality or skill specialty is beneficial to the firm. We employ the multidimensional category of skill variable for director and CEO on the Taiwan stock market. The empirical result shows that executives and board members with higher educational backgrounds, expertise, and experiences contribute to higher firm performance and lower firm risks. Furthermore, we also find that generalist skill in directors is associated with better firm performance and firm risk.
