Improving population investment activity through the development of bank brokerage services and financial literacy in forming a securities portfolio in the Khorezm region

Bakhtiyorov , Khudaybergan

Innovation science and technologiy · 2026-yil

Annotatsiya

This article examines the relationship between the level of financial literacy of the population, the development ofbanking brokerage services, and the investment activity of residents of the Khorezm region of the Republic of Uzbekistanduring 2019–2024. Based on the author’s database (11 banks, panel data for 40 quarters, and a survey of 1,240households), methods of multiple regression, correlation analysis, and radar mapping of districts’ investment readinesswere applied. The results show that the financial literacy index is a key predictor of investment portfolio profitability (β= 0.412, p < 0.001), while the transition of operations to remote banking service (RBS) platforms significantly expandsinvestment activity (β = 0.284, p < 0.001). The number of brokerage accounts of individuals increased from 1,240 unitsin 2019 to 14,870 units in 2024; however, the population coverage remains only 1.54%, indicating significant untappedpotential. A three-scenario model for the development of brokerage services until 2030 and a set of measures aimed atimproving the financial literacy of the regional population are proposed

Maqola ma’lumotlari
MualliflarBakhtiyorov , Khudaybergan
JurnalInnovation science and technologiy
NashriyotТошкент давлат иқтисодиёт университети
Nashr sanasi2026-03-01
Jild2
Son3
TilIngliz
Ilmiy sohaIqtisodiyot
DOI10.5281/zenodo.18935745
Indeksga qo‘shilgan2026-08-26

DOI: 10.5281/zenodo.18935745 · Maqolaning asl sahifasi

Kalit so‘zlar

investment activity; financial literacy; brokerage services; securities portfolio; remote banking services; Khorezm region; financial inclusion.

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APABakhtiyorov , Khudaybergan (2026). IMPROVING POPULATION INVESTMENT ACTIVITY THROUGH THE DEVELOPMENT OF BANK BROKERAGE SERVICES AND FINANCIAL LITERACY IN FORMING A SECURITIES PORTFOLIO IN THE KHOREZM REGION. Innovation science and technologiy, 2(3). https://doi.org/10.5281/zenodo.18935745
GOST (OAK)Bakhtiyorov , Khudaybergan IMPROVING POPULATION INVESTMENT ACTIVITY THROUGH THE DEVELOPMENT OF BANK BROKERAGE SERVICES AND FINANCIAL LITERACY IN FORMING A SECURITIES PORTFOLIO IN THE KHOREZM REGION // Innovation science and technologiy. – 2026. – T. 2, № 3. – DOI: 10.5281/zenodo.18935745.
MLABakhtiyorov , Khudaybergan. “IMPROVING POPULATION INVESTMENT ACTIVITY THROUGH THE DEVELOPMENT OF BANK BROKERAGE SERVICES AND FINANCIAL LITERACY IN FORMING A SECURITIES PORTFOLIO IN THE KHOREZM REGION.” Innovation science and technologiy, 2(3), 2026. https://doi.org/10.5281/zenodo.18935745
ChicagoBakhtiyorov , Khudaybergan. “IMPROVING POPULATION INVESTMENT ACTIVITY THROUGH THE DEVELOPMENT OF BANK BROKERAGE SERVICES AND FINANCIAL LITERACY IN FORMING A SECURITIES PORTFOLIO IN THE KHOREZM REGION.” Innovation science and technologiy, 2(3) (2026). https://doi.org/10.5281/zenodo.18935745
HarvardBakhtiyorov , Khudaybergan (2026) ‘IMPROVING POPULATION INVESTMENT ACTIVITY THROUGH THE DEVELOPMENT OF BANK BROKERAGE SERVICES AND FINANCIAL LITERACY IN FORMING A SECURITIES PORTFOLIO IN THE KHOREZM REGION’, Innovation science and technologiy, 2(3). https://doi.org/10.5281/zenodo.18935745
BibTeX
@article{bakhtiyorovkhudaybergan2026,
  title = {IMPROVING POPULATION INVESTMENT ACTIVITY THROUGH THE DEVELOPMENT OF BANK BROKERAGE SERVICES AND FINANCIAL LITERACY IN FORMING A SECURITIES PORTFOLIO IN THE KHOREZM REGION},
  author = {Bakhtiyorov , Khudaybergan},
  journal = {Innovation science and technologiy},
  year = {2026},
  volume = {2},
  number = {3},
  doi = {10.5281/zenodo.18935745},
  url = {https://doi.org/10.5281/zenodo.18935745}
}

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