Value relevance of financial risk disclosures

Purpose The objective of the present study is to examine value relevance accounting information presented by Brazilian banks. Design/methodology/approach studied sample derived from Brazil’s Stock Exchange, B3, under banking segment, resulting in a group 24 publicly listed companies, whose data ranged 2017 2019. was conducted using disclosure index, made with intent evaluating adherence company reporting standard. In this case, Comitê de Pronunciamentos Contábeis (CPC) 40, financial instruments: recognition, evaluation and disclosure, Instrumentos Financeiros: Evidenciação, interpretation International Financial Reporting Standards (IFRS) 7. Findings results show that for period, index cannot be used as an explanatory variable market institutions. Originality/value While other studies have similar approach value-relevance theme, work original it develops methodology on institutions, even more so institutions developing country.