Modifications in the brazilian Agroindustrial Systems Financial Governance: Public Politics, Internationalization and Private Coordination

The aim of this study was to analyze the transaction costs and the financial governance implications in the agroindustrial system financing architecture, inside their boundaries and between the process different stages. Therefore, the reader is positioned according to the recent modifications in the firm external setting and, in particular, in the Brazilian agribusiness financing standards; then, the basic TCE theoretical fundamentals applied to the financial structure are considered. Afterwards, an extension of the theory is elaborated to explain the agribusiness financing standards. Finally, the current financing situation of the sugar and alcohol and soybean agribusiness and the recent modifications under the TCE point of view are discussed and explained.