本研究旨在探討女性董事對高管與員工薪酬倍數的影響。以2018、2019年台灣上市櫃公司為樣本，採用普通最小平方法(OLS)進行迴歸分析。實證結果並不顯著，顯示擁有女性董事之董事會並不能降低高管與員工薪酬倍數。本研究未發現女性董事與高管與員工薪酬倍數關聯之可能原因為：(一) 女性董事參與薪酬委員會才能有效發揮其特性，降低高管與員工薪酬倍數。(二) 董事會需要更多人數的女性董事參與，才能對高管與員工薪酬倍數產生影響。(三) 女性領導力產生的變化可能較為緩慢，因此女性董事需要參與董事會較長的期間，才能對高管與員工薪酬倍數產生影響。(四) 本國女性董事並不如本研究預期，關心高管與員工薪酬倍數之議題。

The purpose of this study is to examine the influence of female directors on executive-employee pay ratios. Using a sample of Taiwan listed and OTC companies in 2018 and 2019, the empirical results indicate that there did not exist a significant relation between female directors and executive-employee pay ratios. The possible reasons for the findings of this study failing to indicate a correlation between female directors and executive-employee pay ratios are as follows: (1) Only when female directors participate in the compensation committee can they effectively exert their characteristics and in turn decrease executive-employee pay ratios. (2) The board of directors must have a larger number of female directors as members in order for them to have an influence on executive-employee pay ratios. (3) Changes in female leadership may be relatively slow. Therefore, female directors need to serve on the board of directors for a long period of time in order to have an influence on executive-employee pay ratios. (4) The level of interest in the issue of executive-employee pay ratios on the part of domestic female directors is not as high as expected.

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