Skip to main navigation menu Skip to main content Skip to site footer

KORPORATIV BOSHQARUVNING KOMPANIYA KAPITAL QIYMATIGA TA’SIRI

Affiliation
Head of Innovation Management Department of Tashkent State University of Economics, Ph.D

Abstract

This article provides an empirical analysis of the impact of corporate governance on capital value . The study examines the effects of the proportion of independent directors, dividend policy, and state ownership on company value . The results indicate that an increase in independent directors and a stable dividend policy enhance company value , while high state ownership negatively impacts it . These findings are compared with international studies , and practical recommendations include improving the corporate governance system, maintaining a stable dividend policy, and increasing management independence in state -owned companies . 256

Keywords

corporate governance, company capital value, independent directors, dividend policy, state ownership, empirical analysis, Uzbekistan market, management independence


References

  1. Black, F., & Scholes, M. (2022). The Dividend Puzzle Revisited: Market Implications . Financial Review , 78(3), 456 -482.
  2. Claessens, S., & Yurtoglu, B. (2021). Corporate Governance and Firm Value: Evidence from Emerging Markets . Journal of Financial Economics , 145(2), 341 -367.
  3. Fama, E. F., & French, K. R. (2022). Corporate Governance and Financial Performance: A Multifactor Analysis . Journal of Economic Perspectives , 36(4), 199 -
  4. Ivanov, P., & Petrov, S. (2023). Korporativ boshqaruv va kapital qiymat . Oxford Publishing . – London, 230 b.
  5. Jensen, M. C., & Meckling, W. H. (2021). Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure . Journal of Financial Economics , 44(1), 305 -360.
  6. La Porta, R., Lopez -de-Silanes, F., Shleifer, A., & Vishny, R. W. (2023). Government Ownership and Corporate Performance: International Evidence . Journal of Corporate Finance , 95, 101 -123.
  7. Lee, K., & Zhang, W. (2024). Enhancing Corporate Governance Efficiency . Financial Press . – New York, 215 p.
  8. OECD (2023). Corporate Governance in Emerging Markets: Trends and Challenges . OECD Reports on Corporate Finance , 12(6), 55 -89.
  9. Shleifer, A., & Vishny, R. W. (2022). A Survey of Corporate Governance . Journal of Finance , 77(3), 737 -789.
  10. Smith, J., & Brown, A. (2023). Corporate Governance Standards and Business Impact . Oxford Publishing . – London, 230 p.
  11. World Bank (2023). Enhancing Corporate Governance in Developing Countries . World Bank Policy Research Paper , 8907, 1 -45.
  12. Xaydarov, B. X. (2024). Davlat ulushiga ega kompaniyalarda boshqaruv . Fan va texnologiya . – Toshkent, 180 b.

Downloads

Download data is not yet available.