本研究為探討公司中的女性董事會成員對企業財務決策及公司績效是否有顯著影響。根據研究結果，女性董事會成員與負債比有顯著負相關，其餘二項變數（負資產成長率及負債發行）則不顯著。公司績效的部分，藉由檢視女性董事會成員與三項公司績效變數（Tobin's Q、總資產報酬率及股東報酬）探討女性董事是否會影響公司表現。研究結果顯示，Tobin's Q與女性董事會成員有顯著正相關，其餘二項變數則不顯著。

This paper examines whether female directors in the boardroom have influences on corporate financial decisions and corporate performance. I find that female directors in the boardroom are negatively related to leverage, which is one of the corporate financial decisions examined in this work. However, I find that two other decisions, asset growth and debt issuance, are not related to female directors. Further, I find that female directors in the boardroom have positive influences on Tobin's Q. My results suggest that female directors can help to improve corporate performance possibly because they are more likely to be diligent and less overconfident in nature than male directors.

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