This article discusses foreign experiences of developing digital services in the regional industry and their application in the country, as well as the need to apply foreign experiences in practice to solve the problems of sustainable development of industrial sectors in the digital economy, the need to develop deep machine learning algorithms, and large foreign companies, universities and scientific agencies are currently working in the field of AI. There is a list of more than 1,000 startups working in this area. The leaders are well-known brands such as Google, IBM, Microsoft, Amazon, Apple, DARPA and others. For example, Microsoft has made a big leap in speech recognition, its speech recognition system is now able to recognize speech by a living person.
The article examines the impact of digital ecosystems on supply chain finance of logistics companies using quarterly data sources from 10 continental European countries for the period 2018-2022 with a total of 200 economic indicators observations based on World Bank data. The results showed that digital parameters have a significant correlation effect on the return on investment (ROI), especially in logistics operations in European regions.
International Financial Reporting Standards (IFRS) have become an integral part of the global economy today. Their main purpose is to ensure a unified approach to the preparation of financial statements, facilitate their comparability on an international level, and increase transparency for investors. International financial reporting standards have been adopted by many countries, which is of great importance for coordinating business processes, evaluating the effectiveness of company operations, and standardizing financial information. At the same time, adapting the accounting system to international standards is crucial not only for meeting legal requirements but also for enhancing competitiveness in business processes. This article discusses the integration of international financial reporting standards into the accounting system, their essence and benefits, as well as the implementation process and the experience of international countries.
This paper analyzes the causes of challenges in implementing inclusivity in modern service-sector companies in Uzbekistan, which undoubtedly exist and hinder these organizations from realizing their full potential. It also examines the consequences of the lack of inclusivity in service enterprises. In addition, the article provides a detailed analysis of the opportunities and advantages of implementing inclusivity policies for service companies in Uzbekistan
International Financial Reporting Standards (IFRS) have become an integral part of the global economy today. Their main purpose is to ensure a unified approach to the preparation of financial statements, facilitate their comparability on an international level, and increase transparency for investors. International financial reporting standards have been adopted by many countries, which is of great importance for coordinating business processes, evaluating the effectiveness of company operations, and standardizing financial information. At the same time, adapting the accounting system to international standards is crucial not only for meeting legal requirements but also for enhancing competitiveness in business processes. This article discusses the integration of international financial reporting standards into the accounting system, their essence and benefits, as well as the implementation process and the experience of international countries
This research investigates the relationship between macroeconomic factors and profitability of companies, considering the company level factors of financial performance: gross margin, operating margin, EBITDA margin and ROA. Drawing upon the theoretical frameworks, empirical analyses and econometrical model, the study explores multifaceted dynamics of macroeconomic-firm nexus of the biggest 16 companies - drivers of modern US economy. Findings reveal significant relationships between macroeconomic factors such as exchange rate, inflation and corporate profit, highlighting company response to macro-level changes. Practical implications for financial managers are discussed, emphasizing the importance of considering macroeconomic conditions in decision making processes. Overall, this article contributes to the understanding of macroeconomic-firm nexus and provides insights, which should be further developed.
This article theoretically argues that digital transformation is a strategic necessity for banks to remain competitive with fintech companies as a result of rapid technological advancements in digital transformation. In addition, the theoretical foundations of digital transformation in retail banking are critically examined, and the main principles of diffusion of innovation theory, resource-based view (RBV), institutional theory, service-oriented logic (SDL), technology adoption models, and dynamic capabilities are extensively analyzed. It is argued that digital transformation is not just about implementing digital tools, but also about creating value, delivering services, working with customers, improving efficiency, and increasing interbank competitiveness. By analyzing a large body of scientific literature, the study identifies gaps in existing theoretical frameworks and attempts to identify how banks can adapt to the digital economy, increase investment in innovation, and become digitally mature. Such analyses contribute to the field both scientifically and practically by offering comprehensive development models to understand the systemic and multidimensional dynamics of digital transformation in retail banking.
This article analyzes the issues of establishing a competitive environment in the public procurement system. It examines Uzbekistan’s legal framework, the role of electronic procurement platforms, and digitalization processes aimed at improving transparency and efficiency in tender procedures. The paper also explores existing challenges, such as non-transparent procurement, affiliated companies, and lack of open data. Based on international experience, the study proposes practical recommendations, including the use of blockchain, automated evaluation technologies, and the strengthening of public monitoring.
Social aspects of corporate governance quality assessment in companies corporate governance affects a company's social responsibility towards its employees, customers, suppliers, and society as a whole. Good management creates the basis for creating a supportive work environment, protecting workers' rights, complying with occupational safety and health standards, and maintaining trusting relationships with stakeholders.
Achieving gender equality is one of the important areas of socio-economic policy in Uzbekistan. The Senate of the Republic of Uzbekistan approved the strategy for achieving gender equality until 2030. This article examines such a gender aspect of management as equality in wages in companies in Uzbekistan and its impact on the effectiveness of management in the field of sustainable economic development.
Currently, the issues of improving the financial planning system, which is the main functional element of financial management, are widely studied all over the world. In particular, in the context of a global pandemic, targeted research is being conducted on the formation of a financial planning system capable of quickly adapting to changing conditions in foreign markets and its perfect model in combination with strategic plans. Also, one of the main functional elements of financial management is focused on improving the organizational architecture of financial diagnostics, which embodies a wide range of indicators for a comprehensive assessment of financial and economic activities of companies.
This article is devoted to studying the role of ESG principles in ensuring the long-term sustainability of enterprises. ESG principles help to ensure the long-term development and sustainability of the enterprise by implementing responsibilities in the areas of environmental, social and governance into the business practices of enterprises, not only to benefit society and the environment, but also to ensure the long-term development and sustainability of the enterprise. The article analyzes the main elements of ESG principles, their impact on the economic efficiency and reputation of enterprises and the examples of companies that have successfully implemented these principles.