Prospects for the development of the capital market in Uzbekistan

  • № 1 2020

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Язык: английский

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Аннотация

Целью данной статьи является обобщение характеристик привлечения инвестиций на рынках капитала Узбекистана, тем самым подчеркивая действия эмитентов и первоначальную публичную практику. Также предлагается обзор процесса исследования, отношения нынешних и потенциальных инвесторов к настоящим и перспективным возможностям на фондовой бирже и системы IPO в Узбекистане. В этой статье показан обзор внутренних и внешних факторов, а именно экономических, правовых условий, которые могут повысить привлекательность рынка капитала Узбекистана.

Ushbu maqola emitentlarning harakatlari va boshlang’ich amaliyotiga urgʻu berib, Oʻzbekistonning kapital bozoriga investitsiyalarni jalb qilish xususiyatlarini umumlashtirishdan iborat. Shuningdek, tadqiqot jarayoni hozirgi va potensial investorlarning Oʻzbekiston birjasidagi IPO tizimi istiqbolli imkoniyatlari haqida ma’lumot beradi. Ushbu maqolada ichki va tashqi omillar, xususan, Oʻzbekistonning kapital bozori jozibadorligini oshirishi mumkin boʻlgan iqtisodiy, huquqiy shart-sharoitlar haqida ham ma’lumot berib oʻtilgan.

This article aims to summarize the characteristics of attracting investments on the capital markets of Uzbekistan, thus stressing the actions of issuers and initial public practice. It also offers an overview of the research process, the attitude of current as well as potential investors towards the present and prospective possibilities in Uzbekistan’s IPO stock exchange. This article provides an overview of the internal and external factors, namely economic, legal and conditions, which could enhance the appeal of Uzbekistan’s capital market.

Список использованных источников

  1. The Decree of the President of the Republic of Uzbekistan: №PD -3066 dated June 16, 2017 “On additional measures to increase financial stability and the level of capitalization of commercial banks”.
  2. The Decree of the President of the Republic of Uzbekistan: №PD-3270 dated September 12, 2017 “On measures to further develop and increase the stability of banking systems of the republic ”.
  3.  Address of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to Oliy Majlis on the most important, priority tasks of the country's development for 2020. www.president.uz
  4.  Kholikov U.R. (2017) Improving Investment Funding in the Stock Market in Uzbekistan: Doctor of Philosophy in Economics (PhD) diss. abstract - Tashkent. - 24 b.
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  7.  Bayar, O., & Chemmanur, T. J. (2011). IPOs versus Acquisitions and the Valuation Premium Puzzle: A Theory of Exit Choice by Entrepreneurs and Venture Capitalists. Journal of Financial & Quantitative Analysis, 46 (6),1755–1793. Bank of New York Mellon (2007). Annual Report.
  8.  Mudambi, R., Mudambi, S. M., Khurshed, A., & Goergen, M. (2012). Multinational and the performance of IPOs. Applied Financial Economics, 22 (10),763–776.
  9.  Li, X. (2012). The Study on China IPO Mechanism Existence Question and Countermeasure. International Business & Management, 5 (1),38–42.

Список всех публикаций, цитирующих данную статью