Abstract

This article introduces a literature review on the CFO's financial performance in the ever-challenging Brazilian financial market scenario. Key findings pointed out that the CFO of unlisted companies shows a lower inclination to estimate the cost of equity. The study also highlighted the need for technical and organizational solutions to agency problems, such as sound corporate governance practices, computer-aided accounting systems, incentive-based compensation, clear performance goals, and delegation of operational decisions. The study also examined the CFO's perspective and the companies' strategic ecosystem, finding that duality in the roles can negatively impact financial reporting quality.