EJOURNALSEJOURNALS

International journal of Business, Management and AccountingInternational journal of Business, Management and Accounting

The introduction of this article provides some information that represents the role and role of the International Securities Market in the world economy. In addition, brief information is provided about the tasks set out in the regulatory documents adopted in our country for the development of the industry. The literature review presents the opinions and observations of foreign and domestic economists on the role of the securities market in the economy. The analysis and results section provides analytical data indicating the role of the securities market in the economy and the place of the securities market in the economy of Uzbekistan, and relevant conclusions are drawn on them. At the end of the article, proposals and recommendations for the development of the sector are presented.

In conclusion, the unstable geopolitical situation in the world is seriously affecting various segments of the financial and credit systems of various countries.Therefore, one of the main tasks facing our government is to further increase the role of the banking sector in the economy of many countries, including Uzbekistan.Because, despite the adoption of several regulatory legal acts on the development of this sector in recent years, the role of the banking sector in the economy of our country remains very small.It is advisable to put into practice the following recommendations related to further increasing the flow of investments through the further development of the securities market.the existence of a state program for the strategic development of the national securities market.an increase in the capitalization of the stock market.

Berdasarkan analisis terhadap perkembangan pasar modal Uzbekistan, beberapa saran penelitian lanjutan dapat diajukan. Pertama, penelitian lebih lanjut diperlukan untuk mengidentifikasi faktor-faktor spesifik yang menghambat peningkatan volume saham beredar bebas (free float) di pasar modal. Hal ini dapat mencakup analisis mendalam terhadap regulasi yang ada, insentif bagi perusahaan untuk meningkatkan free float, dan persepsi investor terhadap risiko dan potensi keuntungan investasi di pasar modal Uzbekistan. Kedua, penelitian kuantitatif dapat dilakukan untuk mengukur dampak kebijakan pemerintah, seperti program privatisasi dan insentif pajak, terhadap pertumbuhan pasar modal dan daya tarik investasi asing. Penelitian ini dapat menggunakan data deret waktu untuk menganalisis hubungan antara variabel-variabel kebijakan dan indikator pasar modal. Ketiga, penelitian kualitatif dapat dilakukan untuk memahami persepsi dan harapan investor domestik dan asing terhadap pasar modal Uzbekistan. Penelitian ini dapat melibatkan wawancara mendalam dengan investor, analis, dan pemangku kepentingan lainnya untuk mengidentifikasi hambatan dan peluang untuk meningkatkan kepercayaan investor dan partisipasi di pasar modal.

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