Derivativos no Brasil: revisão de literatura e sugestões para pesquisas futuras

Abstract

The present research aimed to carry out a review of works on derivatives published in the main Brazilian journals. Bearing in mind the relevance of the topic and contemporaneity, resulting from the expanded use of these financial instruments. In this sense, a bibliometric research was carried out, which resulted in the identification of 38 articles published in the last 22 years in journals with the term 'Accounting' in the title classified in stratum A of Qualis Capes. Then, in order to analyze the main results of these works and also bring suggestions for future research, the collected articles were classified into four main themes, as carried out in the USA by Campbell, Mauler and Pierce (2019), which are: determinants of firms’ derivative use, accounting for derivatives, consequences of the use of derivatives and the use of derivatives in specific economic sectors. In this way, the relevance of the investigated topic stands out, evidenced by the difficulties presented associated with the correct use and accounting of these financial instruments, resulting from the high complexity related to derivatives. It was also observed that CPC 48, responsible for the accounting treatment of these financial instruments in Brazil, is not fully understood by accounting users and has been little explored in academic research, having high potential for study. Furthermore, topics such as factors determining the use of derivatives and the consequences of the use of derivatives for employees were little analyzed and further exploration of these topics is encouraged.