Nível de guidance praticado por empresas listadas na B3 no período de 2018 a 2021

Abstract

The term guidance consists of the corporate practice of voluntary disclosure of projections on the company's future performance, this research seeks to identify the informational quality of companies listed on B3 between 2018 and 2021. In all, 479 companies were analyzed in 2018, making the amount the base sample was identified for the identification and classification of the guidance disclosed for 2019, 2020 and 2021. The results obtained indicate that 11.06% of the companies listed on B3 had guidance in their periodic reports to shareholders in 2019, 14.41 % in 2020 and 18.16% in 2021. The financial sector and cyclical consumption also stand out as sectors that show projections. Statistical analyzes reflect the perception adopted during the research regarding the number of companies that have guidance as a practice and the number of indicators identified according to studies that are still little explored. The results still indicate little use by Brazilian companies, and if disclosed, the guidance must be presented with prudence and with established and feasible assumptions, seeking not to create unjustified expectations for shareholders.