IMPROVING THE FINANCING MECHANISM OF INVESTMENT PROJECTS AT ENTERPRISES: AN ECONOMETRIC APPROACH
DOI:
https://doi.org/10.5281/zenodo.21886825Abstract
This paper examines the mechanisms for financing investment projects at enterprises and identifies
the macroeconomic factors affecting foreign direct investment inflows into Uzbekistan. The study employs correlation
and multiple regression analyses based on an econometric approach to assessing enterprise investment efficiency.
Foreign direct investment is used as the dependent variable, while GDP growth, used as a proxy for market size,
inflation, population growth, and the exchange rate are included as explanatory variables. The regression results
show that the selected factors explain approximately 58.6 percent of the variation in foreign direct investment
inflows. Market size and population growth have statistically significant positive relationships with foreign investment
inflows, whereas inflation and exchange-rate changes are not statistically significant within the estimated model.
Based on the findings, the paper proposes diversifying project-financing sources, improving investment planning,
strengthening project monitoring, and linking financing decisions to financial-efficiency indicators.
Keywords
investment project, project financing, foreign direct investment, enterprise, econometric analysis, regression model, market size, investment efficiency.References
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