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 |
| Nashriyot | Тошкент давлат иқтисодиёт университети ҳузуридаги «Ўзбекистон иқтисодиётини ривожлантиришнинг илмий асослари ва муаммолари» илмий-тадқиқот маркази |
| ISSN | 1994-2025 |
| Nashr sanasi | 2025-06-27 |
| Jild | 2 |
| Son | 3 |
| Betlar | 721-722 |
| Til | Ingliz |
| Ilmiy soha | Iqtisodiyot |
| DOI | 10.60078/3060-4842-2025-vol2-iss3-pp721-722 |
| Indeksga qo‘shilgan | 2026-08-26 |
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
| APA | Davronova, Durdonabonu, Djalilov , Abdulaziz, Давронова , Дурдонабону, Джалилов , Абдулазиз, Давронова , Дурдонабону, & Джалилов , Абдулазиз (2025). FINANCIAL PERFORMANCE: DETERMINANTS OF RETURN ON EQUITY IN JOINT-STOCK COMPANIES OF UZBEKISTAN. Илғор иқтисодиёт ва педагогик технологиялар, 2(3), 721-722. https://doi.org/10.60078/3060-4842-2025-vol2-iss3-pp721-722 |
|---|---|
| GOST (OAK) | Davronova, Durdonabonu va b. FINANCIAL PERFORMANCE: DETERMINANTS OF RETURN ON EQUITY IN JOINT-STOCK COMPANIES OF UZBEKISTAN // Илғор иқтисодиёт ва педагогик технологиялар. – 2025. – T. 2, № 3. – P. 721-722. – DOI: 10.60078/3060-4842-2025-vol2-iss3-pp721-722. |
| MLA | Davronova, Durdonabonu, Djalilov , Abdulaziz, Давронова , Дурдонабону, Джалилов , Абдулазиз, Давронова , Дурдонабону, and Джалилов , Абдулазиз. “FINANCIAL PERFORMANCE: DETERMINANTS OF RETURN ON EQUITY IN JOINT-STOCK COMPANIES OF UZBEKISTAN.” Илғор иқтисодиёт ва педагогик технологиялар, 2(3), 721-722, 2025. https://doi.org/10.60078/3060-4842-2025-vol2-iss3-pp721-722 |
| Chicago | Davronova, Durdonabonu, Djalilov , Abdulaziz, Давронова , Дурдонабону, Джалилов , Абдулазиз, Давронова , Дурдонабону, and Джалилов , Абдулазиз. “FINANCIAL PERFORMANCE: DETERMINANTS OF RETURN ON EQUITY IN JOINT-STOCK COMPANIES OF UZBEKISTAN.” Илғор иқтисодиёт ва педагогик технологиялар, 2(3), 721-722 (2025). https://doi.org/10.60078/3060-4842-2025-vol2-iss3-pp721-722 |
| Harvard | Davronova, Durdonabonu, Djalilov , Abdulaziz, Давронова , Дурдонабону, Джалилов , Абдулазиз, Давронова , Дурдонабону, and Джалилов , Абдулазиз (2025) ‘FINANCIAL PERFORMANCE: DETERMINANTS OF RETURN ON EQUITY IN JOINT-STOCK COMPANIES OF UZBEKISTAN’, Илғор иқтисодиёт ва педагогик технологиялар, 2(3), 721-722. https://doi.org/10.60078/3060-4842-2025-vol2-iss3-pp721-722 |
| BibTeX | @article{davronovadurdonabonu2025,
title = {FINANCIAL PERFORMANCE: DETERMINANTS OF RETURN ON EQUITY IN JOINT-STOCK COMPANIES OF UZBEKISTAN},
author = {Davronova, Durdonabonu and Djalilov , Abdulaziz and Давронова , Дурдонабону and Джалилов , Абдулазиз and Давронова , Дурдонабону and Джалилов , Абдулазиз},
journal = {Илғор иқтисодиёт ва педагогик технологиялар},
year = {2025},
volume = {2},
number = {3},
pages = {721-722},
doi = {10.60078/3060-4842-2025-vol2-iss3-pp721-722},
url = {https://doi.org/10.60078/3060-4842-2025-vol2-iss3-pp721-722}
} |
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