This paper investigates the determinants of Return on Equity (ROE) in joint-stock companies in Uzbekistan, using the DuPont Model to analyze the impact of profitability, efficiency, and leverage. Panel data from 25 Uzbek non-financial firms over a 10-year period (2014–2023) were examined using fixed and random effects models. While profitability and efficiency show a significant positive effect aligned with the DuPont assumptions, the leverage demonstrates a negative effect. In the lagged model, all three factors have a considerable positive impact. Being the first paper to analyze non-financial companies in Uzbekistan, it provides useful insights into companies’ performance drivers for both researchers and managers.
| Mualliflar | Davronova, Durdonabonu, Djalilov , Abdulaziz, Давронова , Дурдонабону, Джалилов , Абдулазиз, Давронова , Дурдонабону, Джалилов , Абдулазиз |
|---|---|
| Jurnal | Илғор иқтисодиёт ва педагогик технологиялар |
| Nashr sanasi | 2025-06-27 |
| Jild | 2 |
| Son | 3 |
| Betlar | 721-722 |
| Til | Rus |
| DOI | 10.60078/3060-4842-2025-vol2-iss3-pp721-722 |
DOI: 10.60078/3060-4842-2025-vol2-iss3-pp721-722 · Maqolaning asl sahifasi
DuPont analysis, joint-stock companies, ROE, profitability, efficiency, leverage, fixed effects, анализ DuPont, акционерные общества, ROE, прибыльность, эффективность, долговое бремя, фиксированные эффекты, DuPont таҳлили, акциядорлик жамиятлари, улкий капитал рентабеллиги (ROE), даромаддорлик, самарадорлик, қарз юки, собит эффектлар
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