Do more masculine-faced CEOs reflect more tax avoidance? Evidence from Indonesia

References

• Amin, K., Feng, C., Guo, P., & You, H. (2022). CEO Facial masculinity and accounting conservatism. Accounting and Business Research, 1–18. https://doi.org/10.1080/00014788.2022.2116384
   Google Scholar
• Apicella, C. L., Dreber, A., Campbell, B., Gray, P. B., Hoffman, M., & Little, A. C. (2008). Testosterone and financial risk preferences. Evolution and Human Behavior, 29(6), 384–390. https://doi.org/10.1016/j.evolhumbehav.2008.07.001
   Google Scholar
• Araújo, V. C., Góis, A. D., DeLuca, M. M. M., & De lima, G. A. S. F. (2021). CEO narcissism and corporate tax avoidance. Revista Contabilidade & Finanças, 32(85), 80–94. https://doi.org/10.1590/1808-057x202009800
   Google Scholar
• Bouaziz, D., Salhi, B., & Jarboui, A. (2020). CEO characteristics and earnings management: Empirical evidence from France. Journal of Financial Reporting and Accounting, 18(1), 77–110. https://doi.org/10.1108/JFRA-01-2019-0008
   Google Scholar
• Chyz, J. A., Gaertner, F. B., Kausar, A., & Watson, L. (2019). Overconfidence and corporate tax policy. Review of Accounting Studies, 24(3), 1114–1145. https://doi.org/10.1007/s11142-019-09494-z
   Google Scholar
• Dabbs, J. M., & Mallinger, A. (1999). High testosterone levels predict low voice pitch among men. Personality and Individual Differences, 27(4), 801–804. https://doi.org/10.1016/S0191-8869(98)00272-4
   Google Scholar
• Duan, T., Ding, R., Hou, W., & Zhang, J. Z. (2018). The burden of attention: CEO publicity and tax avoidance. Journal of Business Research, 87(February), 90–101. https://doi.org/10.1016/j.jbusres.2018.02.010
   Google Scholar
• Dyreng, S. D., Hanlon, M., & Maydew, E. L. (2019). When does tax avoidance result in tax uncertainty? The Accounting Review, 94(2), 179–203. https://doi.org/10.2308/accr-52198
   Google Scholar
• Elsheikh, T., Hashim, H. A., Mohamad, N. R., Almaqtari, F. A., & Ettish, A. A. (2022). CEO facial masculinity, characteristics and earnings management. Management and Accounting Review, December. https://doi.org/10.24191/MAR.V21i03-11
   Google Scholar
• Firmansyah, A., Arham, A., Qadri, R. A., Wibowo, P., Irawan, F., Kustiani, N. A., Wijaya, S., Andriani, A. F., Arfiansyah, Z., Kurniawati, L., Mabrur, A., Dinarjito, A., Kusumawati, R., & Mahrus, M. L. (2022). Political connections, investment opportunity sets, tax avoidance: Does corporate social responsibility disclosure in Indonesia have a role? Heliyon, 8(8), e10155. https://doi.org/10.1016/j.heliyon.2022.e10155
   Google Scholar
• Hajawiyah, A., Suryarini, T. K., & Tarmudji, T. (2021). Analysis of a tax amnesty’s effectiveness in Indonesia. Journal of International Accounting, Auditing and Taxation, 44, 100415. https://doi.org/10.1016/j.intaccaudtax.2021.100415
   Google Scholar
• Hambrick, D. C., & Mason, P. A. (1984). Upper echelons: The organization as a reflection of its top managers. Academy of Management Review, 9(2), 193–206. https://doi.org/10.2307/258434
   Google Scholar
• Hanlon, M., & Heitzman, S. (2010). A review of tax research. Journal of Accounting and Economics, 50(2–3), 127–178. https://doi.org/10.1016/j.jacceco.2010.09.002
   Google Scholar
• Hanlon, M., Maydew, E. L., & Saavedra, D. (2017). The taxman cometh: Does tax uncertainty affect corporate cash holdings? Review of Accounting Studies, 22(3), 1198–1228. https://doi.org/10.1007/s11142-017-9398-y
   Google Scholar
• Hsieh, T. S., Wang, Z., & Demirkan, S. (2018). Overconfidence and tax avoidance: The role of CEO and CFO interaction. Journal of Accounting and Public Policy, 37(3), 241–253. https://doi.org/10.1016/j.jaccpubpol.2018.04.004
   Google Scholar
• Huang, H., & Zhang, W. (2020). Financial expertise and corporate tax avoidance. Asia-Pacific Journal of Accounting & Economics, 27(3), 312–326. https://doi.org/10.1080/16081625.2019.1566008
   Google Scholar
• Huda, M. K., & Hernoko, A. Y. (2017). Tax amnesties in Indonesia and other countries: Opportunities and challenges. Asian Social Science, 13(7), 52–61. https://doi.org/10.5539/ass.v13n7p52
   Google Scholar
• Inasius, F., Darijanto, G., Gani, E., & Soepriyanto, G. (2020). Tax compliance after the implementation of tax amnesty in Indonesia. SAGE Open, 10(4), 2158244020968793. https://doi.org/10.1177/2158244020968793
   Google Scholar
• Jia, Y., Van, L. L., & Zeng, Y. (2014). Masculinity, testosterone, and financial misreporting: Masculinity, testosterone, and financial misreporting. Journal of Accounting Research, 52(5), 1195–1246. https://doi.org/10.1111/1475-679X.12065
   Google Scholar
• Kamiya, S., Kim, Y. H., Park, Andy, S., & Park, S. (2019). The face of risk: CEO facial masculinity and firm risk. European Financial Management, 25(2), 239–270. https://doi.org/10.1111/eufm.12175
   Google Scholar
• Kim, Y. H., Park, Andy, H., Park, J., & Shin, H. (2022). CEO facial masculinity, fraud, and ESG: Evidence from South Korea. Emerging Markets Review, 53, 100917. https://doi.org/10.1016/j.ememar.2022.100917
   Google Scholar
• Lanis, R., & Richardson, G. (2012). Corporate social responsibility and tax aggressiveness: An empirical analysis. Journal of Accounting and Public Policy, 31(1), 86–108. https://doi.org/10.1016/j.jaccpubpol.2011.10.006
   Google Scholar
• Lefevre, C. E., Lewis, G. J., Perrett, D. I., & Penke, L. (2013). Telling facial metrics: Facial width is associated with testosterone levels in men. Evolution and Human Behavior, 34(4), 273–279. https://doi.org/10.1016/j.evolhumbehav.2013.03.005
   Google Scholar
• Machdar, N. M. (2022). Does tax avoidance, deferred tax expenses and deferred tax liabilities affect real earnings management? Evidence from Indonesia. Journal Institutions and Economies, 14(2), 117–148. https://doi.org/10.22452/IJIE.vol14no2.5
   Google Scholar
• Masri, I., Syakhroza, A., Wardhani, R., & Samingun, N. A. (2019). The role of tax risk management in international tax avoidance practices: Evidence from Indonesia and Malaysia. International Journal of Trade and Global Markets, 12(3/4), 311. https://doi.org/10.1504/IJTGM.2019.101561
   Google Scholar
• Mehta, P. H., & Beer, J. (2010). Neural mechanisms of the testosterone–aggression relation: The role of orbitofrontal cortex. Journal of Cognitive Neuroscience, 22(10), 2357–2368. https://doi.org/10.1162/jocn.2009.21389
   Google Scholar
• Mills, J., & Hogan, K. M. (2020). CEO facial masculinity and firm financial outcomes. Corporate Board: Role, Duties and Composition, 16(1), 39–46. https://doi.org/10.22495/cbv16i1art4
   Google Scholar
• Mohanadas, N. D., Abdullah Salim, A. S., & Pheng, L. K. (2019). CSR and tax aggressiveness of Malaysian listed companies: Evidence from an emerging economy. Social Responsibility Journal, 16(5), 597–612. https://doi.org/10.1108/SRJ-01-2019-0021
   Google Scholar
• Ngelo, A. A., Permatasari, Y., Harymawan, I., Anridho, N., & Kamarudin, K. A. (2022). Corporate tax avoidance and investment efficiency: evidence from the enforcement of tax amnesty in Indonesia. Economies, 10(10), 251. https://doi.org/10.3390/economies10100251
   Google Scholar
• Noor, R. M., Fadzillah, N. S. M., & Mastuki, N. (2010). Corporate tax planning: A study on corporate effective tax rates of Malaysian listed companies. International Journal of Trade, Economics and Finance, 1(2), 189. https://doi.org/10.7763/IJTEF.2010.V1.34
   Google Scholar
• Nuryanah, S., & Gunawan, G. (2022). Tax amnesty and taxpayers’ noncompliant behaviour: Evidence from Indonesia. Cogent Business & Management, 9(1), 2111844. https://doi.org/10.1080/23311975.2022.2111844
   Google Scholar
• Panda, A. K., & Nanda, S. (2020). Receptiveness of effective tax rate to firm characteristics: An empirical analysis on Indian listed firms. Journal of Asia Business Studies, 15(1), 198–214. https://doi.org/10.1108/JABS-11-2018-0304
   Google Scholar
• Prasetyo, I., Aliyyah, N., Endarti, E. W., Rusdiyanto, R., & Rahmawati, A. (2022). The role of research & development as mediating the effect of male CEO masculinity face on earnings management: Evidence from Indonesia. Cogent Business & Management, 9(1), 1. https://doi.org/10.1080/23311975.2022.2140491
   Google Scholar
• Rahmayanti, E. A. N., Maryasih, L., & Achyar, D. H. (2022). No woman, no tax avoidance? A study on CEO gender in Indonesia. 2022 International Conference on Sustainable Islamic Business and Finance (SIBF), 25–29. https://doi.org/10.1109/SIBF56821.2022.9939674
   Google Scholar
• Said, E. W. (2017). Tax policy in action: 2016 tax amnesty experience of the Republic of Indonesia. Laws, 6(4), 16. https://doi.org/10.3390/laws6040016
   Google Scholar
• Shin, H., Park, J., Kim, Y. H., & Andy. (2022, April). CEO facial masculinity, fraud, and ESG: Evidence from South Korea. Emerging Markets Review, 53, 100917. https://doi.org/10.1016/j.ememar.2022.100917
   Google Scholar
• Sudibyo, Y. A., & Jianfu, S. (2016). Political connections, state owned enterprises and tax avoidance: An evidence from Indonesia. Corporate Ownership and Control, 13(3), 279–283. https://doi.org/10.22495/cocv13i3c2p2
   Google Scholar
• Sutrisno, P., Utama, S., Anitawati Hermawan, A., & Fatima, E. (2022). Founder and descendant vs. professional CEO: Does CEO overconfidence affect tax avoidance in the Indonesia Case? Economies, 10(12), 327. https://doi.org/10.3390/economies10120327
   Google Scholar
• Tiurmauli, K., Pasu, R., Fauziah, F., Halawa, S. D., & Rahayu, C. A. (2018). The impact of tax amnesty policy influence the investment decision and profitability in stock prices the best 45 companies in Indonesia. IOP Conference Series: Earth and Environmental Science, 175, 12038. https://doi.org/10.1088/1755-1315/175/1/012038
   Google Scholar
• Tjaraka, H., Hidayat, W., & Rusdiyanto, R. (2022). The role of earning management as a mediator of the effect of the facial width to height ratio CEOs on leverage. Cogent Business & Management, 9(1), 2115733. https://doi.org/10.1080/23311975.2022.2115733
   Google Scholar
• Waluyo. (2017). Tax amnesty and tax administration system: An empirical study in Indonesia. EUROPEAN RESEARCH STUDIES JOURNAL, XX(Issue 4B, 20, 548–556. https://doi.org/10.35808/ersj/910
   Google Scholar
• Wang, F., Xu, S., Sun, J., & Cullinan, C. P. (2020). Corporate tax avoidance: A literature review and research Agenda. Journal of Economic Surveys, 34(4), 793–811. https://doi.org/10.1111/joes.12347
   Google Scholar
• Wong, E. M., Ormiston, M. E., & Haselhuhn, M. P. (2011). A face only an investor could love: CEOs’ facial structure predicts their firms’ financial performance. Psychological Science, 22(12), 1478–1483. https://doi.org/10.1177/0956797611418838
   Google Scholar