IPO ORQALI KAPITAL JALB QILISH SAMARADORLIGINI BAHOLASH METODOLOGIYASI
DOI:
https://doi.org/10.5281/zenodo.19371430Keywords:
IPO, kapital jalb qilish, samaradorlikni baholash, KISBM, korporativ boshqaruv, oshkoralik, ko‘p mezonli baholash.Abstract
Ushbu maqolada IPO orqali kapital jalb qilish samaradorligini baholashning nazariy-metodologik asoslari
ishlab chiqiladi. Tadqiqotda IPO jarayoni moliyaviy, bozor va institutsional natijalar birligida ko‘rib chiqilib, ularni yagona
baholash tizimiga birlashtiruvchi Kompleks IPO Samaradorligi Baholash Modeli (KISBM) taklif etiladi. Maqola statistik
hisob-kitoblarga emas, balki nazariy tahlil, qiyosiy yondashuv va ko‘p mezonli baholash tamoyillariga tayangan holda IPO
samaradorligini dalilga asoslangan tartibda talqin qiladi. Xalqaro tajriba, ayniqsa AQSh va Yevropa Ittifoqining prospekt
va oshkor qilish rejimlari, institutsional mezonlar blokini asoslash uchun metodologik tayanch sifatida qo‘llanadi
References
Benveniste, L. M., & Spindt, P. A. (1989). How investment bankers determine the offer price and allocation of new
issues. Journal of Financial Economics, 24(2), 343-361. https://doi.org/10.1016/0304-405X(89)90051-2
European Parliament, & Council of the European Union. (2017). Regulation (EU) 2017/1129 of the European
Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the
public or admitted to trading on a regulated market. EUR-Lex. https://eur-lex.europa.eu/eli/reg/2017/1129/oj/eng
European Securities and Markets Authority. (n.d.). Prospectus. https://www.esma.europa.eu/issuer-disclosure/
prospectus
Fama, E. F. (1970). Efficient capital markets: A review of theory and empirical work. The Journal of Finance, 25(2),
-417. https://doi.org/10.2307/2325486
International Organization of Securities Commissions. (2010). Principles for periodic disclosure by listed entities: Final
report. https://www.iosco.org/library/pubdocs/pdf/IOSCOPD317.pdf
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership
structure. Journal of Financial Economics, 3(4), 305-360. https://doi.org/10.1016/0304-405X(76)90026-X
Kaplan, R. S., & Norton, D. P. (1992). The balanced scorecard: Measures that drive performance. Harvard Business
Review, 70(1), 71-79. https://hbr.org/1992/01/the-balanced-scorecard-measures-that-drive-performance-2
Organisation for Economic Co-operation and Development. (2023). G20/OECD principles of corporate governance
https://doi.org/10.1787/ed750b30-en
Oʻzbekiston Respublikasi Prezidentining 24.04.2015 yildagi “Aksiyadorlik jamiyatlarida zamonaviy korporativ
boshqaruv uslublarini joriy etish chora-tadbirlari to‘g‘risida”gi PF-4720-son Farmoni // URL: https://lex.uz/docs/-
Pagano, M., Panetta, F., & Zingales, L. (1998). Why do companies go public? An empirical analysis. The Journal of
Finance, 53(1), 27-64. https://doi.org/10.1111/0022-1082.25448
Ritter, J. R. (1987). The costs of going public. Journal of Financial Economics, 19(2), 269-281. https://doi.
org/10.1016/0304-405X(87)90005-5
Ritter, J. R. (1998). Initial public offerings. Contemporary Finance Digest, 2(1), 5-30. https://site.warrington.ufl.edu/
ritter/files/CFD.pdf
Ritter, J. R., & Welch, I. (2002). A review of IPO activity, pricing, and allocations. The Journal of Finance, 57(4), 1795-
https://doi.org/10.1111/1540-6261.00478
Rock, K. (1986). Why new issues are underpriced. Journal of Financial Economics, 15(1-2), 187-212. https://doi.
org/10.1016/0304-405X(86)90054-1
Roosenboom, P. (2012). Valuing and pricing IPOs. Journal of Banking & Finance, 36(6), 1653-1664. https://doi.
org/10.1016/j.jbankfin.2012.01.009
Roy, B. (1991). The outranking approach and the foundations of ELECTRE methods. Theory and Decision, 31(1),
-73. https://doi.org/10.1007/BF00134132
U.S. Securities and Exchange Commission. (n.d.). What is a registration statement? https://www.sec.gov/resourcessmall-
businesses/going-public/what-registration-statement
Saaty, T. L. (1980). The analytic hierarchy process. McGraw-Hill.
Saaty, T. L. (2008). Decision making with the analytic hierarchy process. International Journal of Services Sciences,
(1), 83-98. https://doi.org/10.1504/IJSSCI.2008.017590
Wurgler, J. (2000). Financial markets and the allocation of capital. Journal of Financial Economics, 58(1-2), 187-214.
https://doi.org/10.1016/S0304-405X(00)00070-2
Yalçın, N., & Ünlü, U. (2018). A multi-criteria performance analysis of initial public offering (IPO) firms using CRITIC
and VIKOR methods. Technological and Economic Development of Economy, 24(2), 534-560. https://doi.org/10.3846
/20294913.2016.1213201
Downloads
Published
Issue
Section
License
Copyright (c) 2026 MUHANDISLIK VA IQTISODIYOT

This work is licensed under a Creative Commons Attribution 4.0 International License.