DAVLAT KORXONALARINI OMMAVIY JOYLASHTIRISH (IPO) ORQALI XUSUSIYLASHTIRISHNING DOLZARB MASALALARI VA ULARNI TAKOMILLASHTIRISH YO‘NALISHLARI (“UZAUTO MOTORS” VA “O‘ZBEKTELEKOM” AJ MISOLIDA)
DOI:
https://doi.org/10.5281/zenodo.19071677Keywords:
xususiylashtirish, ommaviy joylashtirish (IPO/SPO), kapital bozori, “Xalqchil IPO”, korporativ boshqaruv, moliyaviy risklar, dividend siyosati, investitsion jozibadorlik.Abstract
Mazkur maqolada O‘zbekistonda yirik davlat korxonalarini kapital bozori orqali xususiylashtirish, xususan,
aksiyalarni birlamchi (IPO) va ikkilamchi (SPO) ommaviy joylashtirish amaliyotining o‘ziga xos xususiyatlari hamda mavjud
masalalari tahlil qilingan. Tadqiqotning asosiy maqsadi moliyaviy risklarni baholash va xususiylashtirish jarayonlarida
kuzatilayotgan infratuzilmaviy hamda institutsional to‘siqlarni bartaraf etish bo‘yicha ilmiy asoslangan yechimlar ishlab
chiqishdan iborat. Ilmiy izlanish davomida “Xalqchil IPO” dasturi doirasida savdoga chiqarilgan “UzAuto Motors” AJ
va “O‘zbektelekom” AJ misolida aksiyalar narxining shakllanishi, anderrayting faoliyati hamda chakana investorlarning
ishtiroki amaliy raqamlar asosida qiyosiy o‘rganildi. Tahlil natijalariga ko‘ra, bozordagi past likvidlik, dastlabki ortiqcha
baholash (overpricing) va ikkilamchi bozordagi o‘zgaruvchanlik kabi tizimli holatlar aniqlandi
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