The Influence of CEO Characteristics and Gender Diversity on The Disclosure Tone of Annual Reports in Indonesian State-Owned Enterprises

This study aims to determine the quality of the annual reports produced and published by State ‎Owned Enterprises (SOEs) in Indonesia by examining the influence of the Chief Executive ‎Officer (CEO) characteristics and gender diversity in the Directors’ composition on the ‎disclosure tone in the annual reports of the companies. This study finds that CEO’s age and ‎CEO’s narcissism do not affect tone in the company's annual report. In contrast, the CEO's ‎financial expertise hurts the tone of use in the report. Moreover, women on the board ‎of directors increase the disclosure tone in the company's annual report‎.