Assimetria informacional: um estudo sobre a evidenciação da gestão de risco nas empresas do setor do agronegócio

Abstract

For publicly traded companies, good relationships with investors and shareholders start with good communication. Among the most relevant information for decision-making that the company can share with investors, there is risk management, which makes it possible to understand potential points and elements that could harm or reduce an organization’s efficiency, and should be disclosed to the public. Thus, the objective was to analyze the disclosure of risk management in companies in the specific sector of Agribusiness with shares traded on the B3 exchange. Through a descriptive, qualitative and documentary study, using the 2019 Management Report, the following categories of risk management were analyzed: operational risk; strategic risk; market risk; credit risk; liquidity risk; legal risk; image risk. The results showed that the analyzed companies obtained a reasonable average percentage of disclosure of the proposed risk management categories. Despite this, the results could have been better mainly due to the instabilities that the Agribusiness sector is likely to face when there is market competition which should result in more analyzes related to risk management. The Credit Risk category was the one with the lowest percentage of disclosure, while the Market Risk and Liquidity Risk categories were those with the highest indexes. The Operational Risk category was expected to be among the highest disclosure percentages in the reports analyzed, due to the continuous evolution of operational technologies that the Agribusiness sector constantly suffers, which did not happen.