This study investigates the impact of Environmental, Social, and Governance (ESG) disclosure on bank profitability and market value in Uzbekistan an underexplored emerging economy in Central Asia undergoing rapid financial and sustainability reforms. Using a panel dataset of 22 commercial banks from 2015 to 2024, we construct a hand-collected ESG disclosure index through systematic content analysis of annual and sustainability reports, supplemented by financial data from the Central Bank of Uzbekistan. Net profit margin serves as the primary measure of profitability, while Tobin’s Q and market capitalization proxy for market value. Employing fixed effects, random effects, and System Generalized Method of Moments (GMM) estimators to address endogeneity and unobserved heterogeneity, we find that higher ESG disclosure is significantly associated with improved bank profitability. Notably, this relationship is driven almost exclusively by the governance (G) pillar, while environmental (E) and social (S) disclosures show no statistically significant effects highlighting the context-specific materiality of ESG dimensions in transitional economies. Robustness checks, including lagged specifications, sub-sample analyses by ownership type, and alternative ESG measures, confirm the reliability of our findings. The results suggest that in Uzbekistan’s institutional environment characterized by ongoing corporate governance reforms and nascent green finance infrastructure transparency in board oversight, risk management, and anti-corruption mechanisms enhances operational efficiency and stakeholder trust, thereby boosting net margins. Our study contributes to the limited literature on ESG-finance linkages in Central Asia and challenges universalist assumptions about ESG materiality by demonstrating that governance remains the most financially relevant pillar in early-stage reform contexts. The findings carry important implications for regulators, bank managers, and international investors: prioritizing credible governance disclosure offers a strategic pathway to both financial performance and market legitimacy. As Uzbekistan advances its National Strategy for Green Economy Development, this research provides empirical grounding for sequenced, institutionally attuned ESG integration in the banking sector.

Against the backdrop of rapid development in the knowledge payment industry and intelligent talent assessment platforms, the challenges of rising customer acquisition costs coupled with low user retention and repurchase rates have become critical constraints on sustainable platform development. Current practices often treat the one-time assessment and report delivery as the service endpoint, neglecting the systematic guidance of users’ subsequent behavioral decisions and long-term growth paths, leading to a massive exodus of users after the assessment. In response to this practical dilemma, this study systematically integrates consumer psychology and behavioral decision-making theories, employing a conceptual modeling approach within the design science research paradigm to construct a “User Continuous Growth Guidance Model”. The model delineates the user behavioral path into five interconnected stages—“Cognitive Trust Building,” “Emotional Identification and Value Alignment,” “Low-Threshold Behavior Initiation,” “Value Solution Presentation,” and “Growth Outcome Feedback and Reinforcement” and explicates the underlying psychological mechanisms and decision-making logic at each stage. Conceptually, the model suggests that by systematically embedding corresponding mechanisms into product design, platforms can transform one-time assessment relationships into long-term, growth-oriented partnerships, thereby significantly enhancing user lifetime value. This study not only provides an integrated framework for understanding user behavior in the assessment context but also formulates actionable guidelines for platform content structure design and operational strategy.

This article analyzes the institutional aspects of corporate governance systems in mitigating corruption risks in state-owned enterprises. Based on international experience including OECD principles, ESG indicators, and best practices from developed countries the study examines the independence of supervisory boards, the effectiveness of internal and external audit mechanisms, the level of transparency, and conflict-of-interest management frameworks. Through a combination of systematic analysis, comparative methods, and empirical approaches, the research evaluates governance practices in major state-involved companies in Uzbekistan and proposes specific recommendations for their improvement.

The article analyzes the mechanisms of attracting foreign investments and existing challenges in Uzbekistan. The research focuses on improving the investment climate, creating favorable conditions for foreign investors, and identifying directions for their further enhancement. In addition, based on the experience of leading foreign countries, effective mechanisms suitable for Uzbekistan are proposed.

This article analyzes advanced international practices in the financial support of Special Economic Zones (SEZs) and justifies the prospects for their application in the context of Uzbekistan. The study examines mechanisms for enhancing the investment attractiveness of SEZs, drawing on the experiences of the United States, China, Japan, Russia, and other countries. These mechanisms include tax and customs incentives, infrastructure projects under public–private partnerships, special investment funds, and credit lines from international financial institutions. Recommendations are provided for increasing regional production efficiency, expanding exports, and creating new jobs by adapting global best practices to national conditions.

The article considers the methodological approach to the study of the theoretical foundations of financial processes in the logistics corporate structures of the economic system. As logistics processes are increasingly integrated into the strategic corporate structures of the foreign trade balance, financial mechanisms are becoming increasingly important in shaping the sustainability, investment activity and operational efficiency of this industry. The study assesses the importance of financial theory - capital structure, risk management and value maximization - in the logistics industry. An understanding of corporate finance, supply chain theory and dynamics at the microeconomic level is given.

The article analyzes the rating systems introduced in our Republic in various areas. It also identifies the specific features of rating systems and reflects their features in determining the customs rating of foreign trade activities of business entities. It also touches upon the principles that should be taken into account when implementing the rating system, and lists important principles. In addition, attention is paid to the importance of using digital technologies and integrating them with other relevant organizations in calculating rating points, and relevant proposals and recommendations are developed.

This article examines the role and significance of the exchange rate in ensuring macroeconomic stability in Uzbekistan. The focus is on the economic consequences arising from changes in the national currency’s exchange rate, particularly on inflation levels, the balance of foreign trade, and economic growth. The study analyzes the Central Bank's currency policy, methods of managing foreign exchange reserves in the national economy, and factors affecting external economic activities. The article reviews the volatility of the exchange rate and its impact on economic stability based on international experiences, offering effective mechanisms that can be applied in the context of Uzbekistan. This article holds theoretical and practical significance for specialists, researchers, and public administration representatives dealing with currency policy and macroeconomic stability.

This article focuses on the fact that our country has a great potential to achieve economic efficiency through the development of tourism. Theoretical justification and development of institutional and economic conditions and mechanisms for the development of ski resorts in the regions of Russia, especially in the North Caucasus and the Republic of Karachay-Cherkessia.

Determining the separate stages of the organizational aspects for the preparation of consolidated financial statements and the formation of items related to the accounting policy are disclosed. Ways to make the reporting process more efficient and accurate by improving organizational mechanisms are considered. Also, it is proposed to strengthen the internal control systems and innovative approaches that can be used in this process. The results of the work serve to increase the financial transparency of joint-stock companies and strengthen their investment attractiveness.

The article explores the intricate mechanisms governing tourism and highlights strategies for fostering sustainable practices. Tourism plays a pivotal role in global economies, driving growth and development. However, to ensure its sustainability, it is essential to comprehend the underlying mechanisms shaping the industry.

This article describes the large-scale socio-economic changes and reforms implemented in the innovative economy, which require the improvement of the activities of enterprises based on modern mechanisms. Also, in the conditions of the innovative economy, it is important to develop economic policies and strategies and to provide these changes with a new method, a new technique - technology. In this regard, the term "innovation", stages of its emergence and classification were considered. Today, the importance of innovations in the sustainable development of the economy, its impact on the world economy is studied.

Tourism development is currently facing many problems due to the political and economic fluctuations that make this sector extremely unstable. All crises and recessions usually occur outside the control of tourism activities. One of the most important economic problems related to the tourism is the lack of investment and financial resources in this field. We should consider that tourism is one of the largest job-creating industries in the world, and its development can make a major contribution to the economy. The purpose of this article is to review the problems and opportunities in the field of tourism financing. For the purpose of the research, we have reviewed the current analysis and research on the main directions of financial support for tourism.

This article presents the conclusions of studies devoted to improving the
mechanisms for managing innovation activity in IT organizations using a specific case as an example.
The article highlights the complexities and challenges that organizations face when integrating new
technologies and management practices, and demonstrates the importance of an integrated
approach, including strategic planning, modularization of work, use of external resources,
collaboration and the development of detailed documentation. The author offers recommendations
for optimizing innovation management, emphasizing the need for cultural changes in the organization
for successful innovation