research-focus Research Focus International Scientific Journal Research Focus 2181-3833 Ilm-fan va innovatsiyalar akademiyasi 10.66073/researchfocus.v3i6.884 REL-A-012475 08.00.00 DIVIDEND POLICY AND CORPORATE GOVERNANCE: INTERNATIONAL EXPERIENCE AND APPLICATION TO UZBEKISTAN ДИВИДЕНДНАЯ ПОЛИТИКА И КОРПОРАТИВНОЕ УПРАВЛЕНИЕ: МЕЖДУНАРОДНЫЙ ОПЫТ И ПРИМЕНЕНИЕ В УЗБЕКИСТАНЕ DIVIDEND SIYOSATI VA KORPORATIV BOSHQARUV: XALQARO TAJRIBA VA UNI O‘ZBEKISTONDA QO‘LLASH Abdugafforov Otabek Dilshodbek ugli Kimyo International University in Tashkent Namangan branch, master‘s degree in business management 11 09 2024 2024 3 6 42 47 https://creativecommons.org/licenses/by/4.0 This work is licensed under a Creative Commons Attribution 4.0 International License.

This study examines the relationship between dividend policy and corporate governance, with a focus on the international experience and its application to Uzbekistan. By analyzing a comprehensive dataset from diverse global markets, the research identifies best practices and key determinants of effective dividend policies within the framework of robust corporate governance. The methodology includes a comparative analysis of governance structures and dividend distribution strategies across developed and emerging economies. In the context of Uzbekistan, the study evaluates the current state of corporate governance and its influence on dividend policy decisions. The findings reveal significant variations in dividend practices influenced by governance mechanisms, regulatory environments, and market maturity. Recommendations are provided for Uzbekistan to enhance its corporate governance standards and optimize dividend policies to attract foreign investment and promote sustainable growth.

В данном исследовании рассматривается взаимосвязь между дивидендной политикой и корпоративным управлением с акцентом на международный опыт и его применение в Узбекистане. Анализируя обширный массив данных с различных мировых рынков, исследование определяет передовые практики и ключевые детерминанты эффективной дивидендной политики в рамках надежного корпоративного управления. Методология включает сравнительный анализ структур управления и стратегий распределения дивидендов в развитых и развивающихся экономиках. В контексте Узбекистана в исследовании оценивается текущее состояние корпоративного управления и его влияние на решения в области дивидендной политики. Результаты выявляют существенные различия в дивидендной практике, обусловленные механизмами управления, регуляторной средой и зрелостью рынка. Даны рекомендации для Узбекистана по повышению стандартов корпоративного управления и оптимизации дивидендной политики в целях привлечения иностранных инвестиций и содействия устойчивому росту.

Ushbu tadqiqotda dividend siyosati va korporativ boshqaruv o‘rtasidagi bog‘liqlik xalqaro tajriba va uni O‘zbekistonda qo‘llashga urg‘u bergan holda o‘rganiladi. Turli global bozorlardan olingan keng qamrovli ma‘lumotlar to‘plamini tahlil qilish orqali tadqiqot mustahkam korporativ boshqaruv doirasida samarali dividend siyosatining ilg‘or amaliyotlari va asosiy belgilovchi omillarini aniqlaydi. Metodologiya rivojlangan va rivojlanayotgan iqtisodiyotlarda boshqaruv tuzilmalari va dividend taqsimlash strategiyalarini qiyosiy tahlil qilishni o‘z ichiga oladi. O‘zbekiston kontekstida tadqiqot korporativ boshqaruvning joriy holatini va uning dividend siyosati bo‘yicha qarorlarga ta‘sirini baholaydi. Natijalar boshqaruv mexanizmlari, me‘yoriy muhit va bozor yetukligi ta‘sirida dividend amaliyotidagi sezilarli farqlarni ochib beradi. O‘zbekiston uchun korporativ boshqaruv standartlarini oshirish hamda xorijiy investitsiyalarni jalb qilish va barqaror o‘sishni rag‘batlantirish maqsadida dividend siyosatini optimallashtirish bo‘yicha tavsiyalar berilgan.

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