摘要
本研究主要探討我國企業女性董事占比及達到關鍵多數與否，是否會對企業 之 ESG 績效與 ESG 揭露品質水準及其變化有所影響，又分別對 ESG 中之環境、 社會與公司治理三大構面績效水準及變化產生何種影響。本研究以臺灣證券交易 所非金融業之上市上櫃企業共計 10,086 筆觀察值，實證結果顯示，無論是女性董 事占比高低或達到關鍵多數與否，皆對 ESG 績效與揭露品質水準及其變化無顯著 影響；而僅有當企業董事會規模愈大，且女性董事達關鍵多數時，才具有顯著較 佳的社會構面績效水準及改善；此外，本研究亦發現，此正向影響主要係透過社 會構面中之人權及社會子構面通道之績效傳遞所造成。
並列摘要
This study primarily examines the impact of the proportion of female directors on the level and the change in ESG performance and disclosure quality in Taiwanese companies. I also further investigates the effects on the environment, social, and governance dimensions of ESG performance. In this study, a total of firm-year 10,086 observations of non-financial and listed on the Taiwan Stock Exchange. The empirical results reveal that no matter whether the proportion of female directors is high or low, or whether they reach a critical mass or not, there is no significant impact on ESG performance and disclosure quality levels and their changes. There is a significantly better level and improvement in the social dimension only when firms with larger board size and a critical mass of female directors. Furthermore, this study also finds that this positive impact is transmitted from the Human rights and society sub-dimension of social.