Derivativos e sua contribuição para a gestão de risco no mercado financeiro: um estudo de caso sobre operações realizadas em empresas listadas na Bolsa de Valores

Abstract

This paper analyzes the role of financial derivatives in risk management among companies listed on the Brazilian stock exchange (B3). It explores key instruments such as futures, options, and swaps, emphasizing their effectiveness in mitigating exchange rate volatility, commodity price fluctuations, and interest rate variations. Through a qualitative and descriptive approach, case studies of Petrobras, Vale, and Suzano illustrate how large corporations implement hedging strategies to stabilize cash flow and safeguard financial results. The study concludes that the strategic use of derivatives enhances investor confidence, improves operational predictability, and contributes to market value. Additionally, it highlights the importance of regulatory transparency and alignment between corporate risk profiles and derivative instruments in volatile economic environments