{"id":5953,"date":"2026-08-28T16:44:19","date_gmt":"2026-08-28T16:44:19","guid":{"rendered":"https:\/\/interfinance.tsue.uz\/?p=5953"},"modified":"2026-08-28T16:44:19","modified_gmt":"2026-08-28T16:44:19","slug":"the-effect-of-discount-policy-delivery-service-and-competition-density-on-the-financial-performance-of-a-retail-chain-a-panel-data-econometric-analysis","status":"publish","type":"post","link":"https:\/\/interfinance.tsue.uz\/?p=5953","title":{"rendered":"THE EFFECT OF DISCOUNT POLICY, DELIVERY SERVICE, AND COMPETITION DENSITY ON THE FINANCIAL PERFORMANCE OF A RETAIL CHAIN: A PANEL-DATA ECONOMETRIC ANALYSIS"},"content":{"rendered":"

Khurramov Eldor<\/em><\/strong><\/p>\n

\u00a0<\/em><\/strong>Independent Researcher at Tashkent State University of Economics<\/em><\/p>\n

ORCID: 0009-0004-9133-7641<\/em><\/p>\n

E-mail: <\/em>e.khurramov@tsue.uz<\/em><\/a><\/p>\n

Abstract. <\/em><\/strong>For rapidly expanding retail chains, balancing new-store openings against the preservation of financial stability constitutes a critical managerial challenge. This article uses a panel dataset of 158,715 store-day observations from 140 outlets of a confectionery-caf\u00e9 retail chain operating in Uzbekistan, covering the period from January 2022 to June 2026, to examine the effects of discount policy, delivery service, and dynamic competition density on revenue and profitability. Fixed- and random-effects panel regression results show that discounting raises revenue but materially dilutes gross margin, with delivery share exhibiting a similarly dual effect. Analysis of haversine-distance-based dynamic competition rings reveals that, contrary to expectations, the presence of competitors within the closest radius (0\u2013500 meters) does not depress revenue and may instead exert a positive effect through agglomeration, while simultaneously compressing margin. The findings indicate that retail chains should account not only for geographic proximity but also for product-assortment and price-competition characteristics when designing discount policy and siting new branches.<\/em><\/p>\n

Keywords: <\/em><\/strong>panel econometrics, retail, discount policy, profitability, competition density, cannibalization, agglomeration, financial stability.<\/em><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Khurramov Eldor \u00a0Independent Researcher at Tashkent State University of Economics ORCID: 0009-0004-9133-7641 E-mail: e.khurramov@tsue.uz Abstract. For rapidly expanding retail chains, balancing new-store openings against the preservation of financial stability constitutes a critical managerial challenge. This article uses a panel dataset Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77],"tags":[],"class_list":["post-5953","post","type-post","status-publish","format-standard","hentry","category-2026-4-issue-1-6"],"yoast_head":"\nTHE EFFECT OF DISCOUNT POLICY, DELIVERY SERVICE, AND COMPETITION DENSITY ON THE FINANCIAL PERFORMANCE OF A RETAIL CHAIN: A PANEL-DATA ECONOMETRIC ANALYSIS - Journal of International Finance and Accounting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/interfinance.tsue.uz\/?p=5953\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THE EFFECT OF DISCOUNT POLICY, DELIVERY SERVICE, AND COMPETITION DENSITY ON THE FINANCIAL PERFORMANCE OF A RETAIL CHAIN: A PANEL-DATA ECONOMETRIC ANALYSIS - Journal of International Finance and Accounting\" \/>\n<meta property=\"og:description\" content=\"Khurramov Eldor \u00a0Independent Researcher at Tashkent State University of Economics ORCID: 0009-0004-9133-7641 E-mail: e.khurramov@tsue.uz Abstract. For rapidly expanding retail chains, balancing new-store openings against the preservation of financial stability constitutes a critical managerial challenge. This article uses a panel dataset Read More ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/interfinance.tsue.uz\/?p=5953\" \/>\n<meta property=\"og:site_name\" content=\"Journal of International Finance and Accounting\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-28T16:44:19+00:00\" \/>\n<meta name=\"author\" content=\"jurnal-admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jurnal-admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=5953#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=5953\"},\"author\":{\"name\":\"jurnal-admin\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#\\\/schema\\\/person\\\/4a9988bcb6588f9a14bc8bf9802ad53a\"},\"headline\":\"THE EFFECT OF DISCOUNT POLICY, DELIVERY SERVICE, AND COMPETITION DENSITY ON THE FINANCIAL PERFORMANCE OF A RETAIL CHAIN: A PANEL-DATA ECONOMETRIC ANALYSIS\",\"datePublished\":\"2026-08-28T16:44:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=5953\"},\"wordCount\":229,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#organization\"},\"articleSection\":[\"2026-4-issue-1-6\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=5953#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=5953\",\"url\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=5953\",\"name\":\"THE EFFECT OF DISCOUNT POLICY, DELIVERY SERVICE, AND COMPETITION DENSITY ON THE FINANCIAL PERFORMANCE OF A RETAIL CHAIN: A PANEL-DATA ECONOMETRIC ANALYSIS - 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