本研究係以2016年至2021年之台灣上市櫃公司為主要研究對象，探討台灣上市櫃公司之女性董事比例與財務績效之關聯性，並進一步分析ESG（環境、社會、公司治理）與員工滿意度對女性董事與財務績效關聯性之中介影響。實證結果顯示，女性董事比例與ROA及ROE具有正向顯著關係，對Tobin’s Q無顯著影響；然而女性董事比例與ESG績效則呈現顯著負向影響。 另一方面，本研究以員工離職率作為員工滿意度之衡量指標，ESG績效對員工滿意度為正向顯著影響；員工滿意度對ROA及ROE呈現正向顯著影響，但對Tobin’s Q為負向顯著關係；而作為中介變數的員工滿意度與ESG績效則無法驗證在女性董事比例及財務績效間產生中介效果。;The objective of this study’s research is aiming to analyzing the correlation between females director(s) and company’s financial performance for those Taiwan listed companies in the period from 2016 to 2021 , and to further assessing impact of the ratio of female director(s), being as an mediator(s), in respect to ESG(Environmental, Social, Governance) and employee satisfaction. The results show positive correlations between female director(s) and results of ROA&ROE, no significant impact on Tobin’s Q. On the other hand, this study uses employee turnover to measure the employee satisfaction, which shows negative correlations between female director(s) and ESG, and the same result been seen when reviewing the correlations between ESG and employees satisfaction. In addition, positive correlations between employees satisfaction and ROA&ROE, negative in Tobin’s Q. However, employees satisfaction and ESG, which are mediators for this research, do not provide sufficient evidences to suggest female director(s) having mediating effect on the financial performance.
