本研究主要探討董事會特性對企業環境績效之影響，並進一步檢驗董事會教育程度是否會調節董事會特性與環境績效之關係。研究以 2016 年至 2024 年台灣上市櫃公司為樣本，最終樣本為 12,917 筆公司年度觀察值。
實證結果顯示，董事會規模與獨立董事席次皆對企業環境績效具有顯著正向影響，表示規模較大且獨立性較高之董事會，可能透過提供外部資源、專業知識與監督功能，促進企業提升環境績效。不過，獨立董事之直接效果在部分穩健性測試中較不穩定。董事會教育程度亦呈現顯著正向影響，顯示教育程度較高之董事會較能理解環境議題與永續策略，進而提升企業環境績效。調節效果方面，董事會教育程度並未顯著強化董事會規模對環境績效之影響，但能顯著強化獨立董事席次對環境績效之正向影響，且結果大致具穩健性。整體而言，本研究發現董事會治理與企業環境績效具有關聯，且企業若欲透過董事會提升環境績效，不應僅重視董事會結構安排，更應重視董事會成員之教育程度與知識能力。

This study examines the impact of board characteristics on corporate environmental performance and further investigates whether board education moderates this relationship. Using a sample of Taiwanese listed and over-the-counter companies from 2016 to 2024, the final sample includes 12,917 firm-year observations.
The empirical results show that board size, independent directors, and board education are positively associated with corporate environmental performance. This suggests that larger boards and more independent boards may improve environmental performance through external resources, professional knowledge, and monitoring functions. In addition, boards with higher educational levels may be better able to understand environmental issues and sustainability strategies. Regarding the moderating effect, board education does not significantly strengthen the relationship between board size and environmental performance, but it significantly enhances the positive effect of independent directors on environmental performance. Overall, this study suggests that firms should not only focus on board structure, but also consider the educational background and knowledge capabilities of board members when improving environmental performance.

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