Assess The Impact of Risk Management Strategies on the Development and Implementation of Accounting and Taxation Frameworks. A Case of Agribusiness in Zimbabwe

Abstract

This research explores the impact of risk management strategies on financial performance and tax compliance within Zimbabwe's agribusiness sector. The study aims to examine how structured risk management frameworks influence financial performance and the relationship between risk management and tax compliance among agribusiness stakeholders. Utilizing a mixed-methods approach, data were collected through surveys of 300 agribusiness stakeholders and qualitative interviews to gain deeper insights. The findings indicate strong positive correlations between effective risk management practices and enhanced financial outcomes, as well as improved tax compliance, thereby contributing to the theoretical framework of the Resource-Based View (RBV) in agribusiness. This study underscores the importance of education and capacity building as essential components for successful risk management implementation. Practically, the results highlight the necessity for agribusinesses to adopt comprehensive risk management strategies, including diversification and hedging, to mitigate risks associated with market volatility and climate change. From a policy perspective, the research emphasizes the need for supportive regulatory frameworks and educational programs to improve financial literacy and resource access for agribusiness stakeholders. In conclusion, this study reinforces the critical role of integrated risk management practices in fostering sustainable growth and resilience in Zimbabwe’s agribusiness sector.