This paper comprehensively investigates the relationship between the board of directors' characteristics and corporate tax behavior by examining primary research streams.
We conducted a systematic literature review of 120 papers published between 2011 and 2024 using a hybrid methodology of bibliometric and content analyses.
The results indicate that research on board characteristics and tax behavior is geographically biased, focusing on Indonesia, the United States and China. Most of the reviewed studies also rely on OLS regression and make limited use of advanced methodological techniques. The study identified research gaps that require future studies to expand geographic scope, adopt innovative methods, refine theoretical frameworks and improve tax behavior measurement.
The Scopus and Web of Science databases were exclusively used to obtain data for the bibliometric analysis.
The study offers insights for corporate managers, regulators and policymakers. It suggests that a competent, diversified board of directors can prevent tax-related risks. It recommends that corporate managers adopt prudent tax policies that align with their companies' long-term sustainability. Regulators should set tighter governance regulations and require comprehensive tax disclosures.
This systematic literature review addresses a gap in understanding the role of board attributes in shaping corporate tax behavior. It adopts a rigorous approach and synthetic strategy, providing a comprehensive view and recommendations for future research. The study contributes to the field by providing a helpful reference for researchers.
