{"id":4581,"date":"2025-06-11T07:30:09","date_gmt":"2025-06-11T07:30:09","guid":{"rendered":"https:\/\/interfinance.tsue.uz\/?p=4581"},"modified":"2025-06-11T07:30:55","modified_gmt":"2025-06-11T07:30:55","slug":"an-innovative-mechanism-for-increasing-the-economic-efficiency-of-investment-projects-in-joint-stock-companies","status":"publish","type":"post","link":"https:\/\/interfinance.tsue.uz\/?p=4581","title":{"rendered":"AN INNOVATIVE MECHANISM FOR INCREASING THE ECONOMIC EFFICIENCY OF INVESTMENT PROJECTS IN JOINT-STOCK COMPANIES"},"content":{"rendered":"

Aliboy Ulashov,
\nSenior Lecturer, Department \u201cTheory of Economics\u201d, Tashkent State University of Economics, Tashkent, Republic of Uzbekistan. Email: aliboyulashov623@gmail.com
\nORCID: 0009-0003-6214-9679
\nJEL Classification: E3, E31
\nAbstract. This article discusses the procedure for introducing innovative changes into the business activities of joint-stock companies, as well as methods for assessing the economic effectiveness of investment projects and mechanisms for financing them before implementation. Modern operating conditions of joint-stock companies require constant improvement of business activities, which necessitates the introduction of innovations and effective management of investment projects. In this article, the emphasis is on a systematic approach to innovative transformations, assessment of economic efficiency and selection of financing mechanisms, which, ultimately, should contribute to the growth of profitability of joint-stock companies. In the context of increasing competition and technological transformation of the corporate sector, traditional investment management methods are becoming insufficient. There is a need to develop and apply innovative tools focused on sustainable development, digitalization and resource optimization. However, the successful implementation of innovative solutions requires a comprehensive assessment of their economic feasibility, as well as a rational choice of sources of financing and risk management. Innovative changes in joint-stock companies involve the introduction of digital solutions, automation, new business models and management strategies. Their implementation requires a preliminary analysis of investment attractiveness, risk assessment and forecasting of the long-term effect. It is proposed to use a multicriteria assessment system that includes both financial and non-financial indicators. An important aspect is the assessment of strategic effectiveness \u2014 the ability of a project to create long-term value. A rational choice of financing mechanisms (lending, issuing bonds, attracting investors, government subsidies) should take into account the financial stability of the company, the profitability of the project and the level of risk. At the same time, it is important to introduce modern forms of financial engineering. The implementation of investment projects in joint-stock companies with an emphasis on innovation and a scientific approach to efficiency assessment requires a comprehensive strategy and rational allocation of resources. Only systematic and scientifically sound investment management can ensure sustainable profits and competitive advantages in the long term. The goal is to ensure high profitability of joint-stock companies. In addition, the article presents innovative approaches to improving the economic efficiency of investment projects. Along with practical recommendations, scientifically based proposals aimed at improving the effectiveness of investment activities are presented.
\nKeywords. Investment projects; economic efficiency of projects; economic activities; innovation; innovation mechanisms; innovation activities; financial resources; Strategic Management; shares; innovation banks.<\/p>\n\n\n