No Woman, No Tax Avoidance? A Study on CEO Gender in Indonesia

This study aims at investigating whether female CEOs in Indonesia tend to commit tax avoidance and whether family firms and audit committee supervision minimize tax avoidance. Using a simple random sampling technique, 65 manufacturing companies were selected as research samples that are wholly registered on the Indonesia Stock Exchange. A total of 325 firm-year observations were provided by their annual reports from 2016 to 2020 and processed within the multiple linear regression statistical method. The study depicts those female CEOs positively affect tax avoidance. Female CEOs are highly likely to take advantage of regulatory loopholes to perform tax avoidance. Meanwhile, family firms with family control reduce tax avoidance practices. However, audit committee supervision does not possess a sufficient effect on tax avoidance, which indicates that the audit committee does not possess the capacity to oversee corporate tax management.