METHODOLOGICAL APPROACHES TO ASSESSING CORPORATE GOVERNANCE EFFECTIVENESS IN MODERN ECONOMIC CONDITIONS

Authors

  • Abdullaeva Zarema Student, Islam Karimov Tashkent State Technical University
  • Allaeva Gulchekhra Doctor of Economics

Keywords:

corporate governance, assessment methodology, supervisory board, disclosure, internal control, multicriteria analysis, Uzbekistan.

Abstract

The study systematizes approaches to assessing corporate governance and develops a reproducible diagnostic framework for joint-stock companies. Comparative, institutional and systems analysis, documentary review and multicriteria assessment are applied. A two-layer framework distinguishes formal compliance from the actual functioning of governance mechanisms. Indicators, normalization rules, aggregation procedures and sensitivity checks are specified. A hypothetical numerical example demonstrates diagnostic use but does not constitute empirical evidence about Uzbek firms. The framework may support internal governance reviews and comparative assessments when verifiable company-level data are available.

References

OECD. G20/OECD Principles of Corporate Governance 2023. Paris: OECD Publishing, 2023. DOI: 10.1787/ed750b30-en. https://doi.org/10.1787/ed750b30-en

Кодекс корпоративного управления Республики Узбекистан: утверждён протоколом от 31 декабря 2015 г. № 9. https://gov.uz/ru/davaktiv/sections/view/6336

European Bank for Reconstruction and Development. Uzbekistan Corporate Governance Report 2025. https://www.ebrd.com/home/what-we-do/policy-and-business-advice/legal-reform/corporate-governance/sector-assessment.html

Jensen M. C., Meckling W. H. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure // Journal of Financial Economics. 1976. Vol. 3(4). P. 305–360. DOI: 10.1016/0304-405X(76)90026-X.

Freeman R. E. Strategic Management: A Stakeholder Approach. Boston: Pitman, 1984.

Shleifer A., Vishny R. W. A Survey of Corporate Governance // The Journal of Finance. 1997. Vol. 52(2). P. 737–783. DOI: 10.1111/j.1540-6261.1997.tb04820.x.

Aguilera R. V., Jackson G. The Cross-National Diversity of Corporate Governance: Dimensions and Determinants // Academy of Management Review. 2003. Vol. 28(3). P. 447–465. DOI: 10.5465/amr.2003.10196772.

Примечание для подачи в редакцию: необходимо заполнить сведения об авторе, проверить оформление по шаблону выбранного журнала и при необходимости дополнить статью эмпирической апробацией. Проверка антиплагиата и принятие ВАК-журналом не гарантируются.

Downloads

Published

2026-10-31

How to Cite

Abdullaeva Zarema, & Allaeva Gulchekhra. (2026). METHODOLOGICAL APPROACHES TO ASSESSING CORPORATE GOVERNANCE EFFECTIVENESS IN MODERN ECONOMIC CONDITIONS. SAMARALI TA’LIM VA BARQAROR INNOVATSIYALAR JURNALI, 4(10), 689–695. Retrieved from https://innovativepublication.uz/index.php/jelsi/article/view/6537