Academic Independent Directors and Corporate Performance: Evidence from Taiwan’s Emerging Market

This study explores the impact of academic independent directors on publicly listed companies. The empirical analysis reveals a positive correlation between their presence and improved corporate performance. These directors contribute theoretical knowledge and governance expertise, enhancing decision-making and long-term success. While factors like publication records and academic experience showed no significant impact, the overall findings highlight the value of board diversity. The study also examines key performance influencers, such as environmental strategies, R&D investment, debt ratio, cash flow, and firm size. The findings highlight the governance role of academic independent directors and suggest several avenues for future research in different institutional and industry settings. JEL classification numbers: G32, G34, G38, L25, M24. Keywords: Academic Independent Directors, Corporate Governance, Corporate Performance.