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IN UZBEKISTAN, BANKRUPTCY RISKS ARE DECREASING ACCORDING TO
RECOMMENDATIONS AND FORECASTS.
Umarova Hulkar Umidulloyevna
Asia international university, Bukhara
Abstract :
This in the article in enterprises bankruptcy risk reduce and risks effective
assessment according to recommendations economic importance statement From international
practice come came out without bankruptcy risks reduction main elements as measure
measures , risk reduce roads and future forecasts research done .
Keywords :
Bankruptcy , financial analysis , bankruptcy risk , capital , valuation , financial
decisions , risk , international models , risk reduce
Uzbekistan
republic in the economy of enterprises bankruptcy risks coordinated
models working exit is
complicated , many factorial process is , its purpose of enterprises
financial stability storage and risks effective managed from reducing Most importantly ,
national
economy increasingly prosperity finding in our country main goal —
entrepreneurship subjects bankrupt to do not , maybe them material and financial in terms of to
improve health from helping consists of that never let's not forget need .
President Shavkat Mirziyoyev
" Our
important our task small business and
entrepreneurship field support and encouragement , our country economic power in our country
peace and sustainability , social harmony from strengthening , this industry share further
increase for comfortable conditions creating from giving consists of . ,”
said words small
business and entrepreneurship develop for bankruptcy risks in reduction our state by wide
opportunities from being created evidence gives . Enterprises bankruptcy risks to reduce aimed
at strategic measures economic stability storage and financial stability to provide directed
complex measures set as is applied .
Enterprises bankruptcy risk reduce for enterprises following strategic measures done increases
must
:
1. Financial stability Supply :
Enterprise financial status regular accordingly analysis to
make , liquidity and payment ability increase for necessary measures see important . In this
process accounting reports and financial from indicators use effective is considered .
2. Cost optimization : Production release and operational expenses reduce through benefit
margin increase It is possible . This is in turn , the company financial stability strengthens .
1
Uzbekistan Republic Resident 's Strategy " Uzbekistan - 2030" dated September 11, 2023 about Decree .
2
Acceptance on October 10, 2023 " To pay " incompetence about new in edit Law
Assessment of the risk of bankruptcy of the enterprise Jan, 20 2023
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3.Diversification
: product or service types expansion , new market to segments entrance
through income sources multiplication and risks reduce possible.
4. Implement innovations : New technologies
and work styles application
through
product quality increase and competitiveness strengthen This is necessary . of the enterprise in
the market position strengthens .
5. From digital technologies Usage:Digital technologies current to grow through operational
efficiency increase and expenses reduce possible . For example , a village farm in enterprises
digitization bankruptcy the risk in reduction important role plays .
6.Risk management system Create : Enterprise in the activity potential risks determination and
them management for special systems current to grow necessary . This is, of course , in turn ,
crisis of situations prevent to take help gives .
7. Personnel qualifications Increase :
Employees knowledge and skills
regular
accordingly updated to go , them modern management methods and to technologies to teach of
the enterprise general efficiency increases
8. Market research and marketing strategy Improvement : Market requirements deep analysis to
do and suitable marketing strategies
working exit through sale size increase and customers
base expansion possible .
Above counting passed strategic measures done increase of enterprises to bankruptcy against
stability to provide help gives and them competitiveness to increase directs . Enterprises this
done increase for complex approach support , financial , production
release and marketing
processes coordinating they go necessary .
Enterprises bankruptcy the risk reduction of the enterprise far term stability and financial
strength provide for important This process is done increase for one how many promising
directions
there is are , they are financial management , operational efficiency ,
diversification , digital technologies current to grow and other from measures consists of .
For this row promising directions done increase necessary :
1.Corporate governance improvement : Uzbekistan in enterprises modern corporate
management styles current financial
control reinforcement and management transparency
increase through bankruptcy danger reduction possible . Enterprises activity effective
management , risks management system strengthen , and corporate culture formation this of the
process important in terms of is one .
2. Innovative technologies current to :
Enterprises activity digital technologies and
automated systems through modernization to do , business processes efficiency to increase help
Innovative solutions from resources reasonable use and expenses reduce opportunity gives ,
this and bankruptcy the risk reduces .
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3. Financial stability increase : Enterprises for financial stability provide for the purpose
diversification policy strengthen In this direction investment of projects risks analysis to do
and they for backup funds create It is also important that the state by small and middle
to
business comfortable credit conditions presented tax
privileges and subsidies in
appearance support policy expansion is required .
4. Management personnel qualification increase : Management personnel for permanent
accordingly qualification increase programs organization to do and education
system
strengthen enterprise management effective done to increase service does . New trends and
modern management styles occupied leaders of enterprises strategic and operational problems
further effective solution can they will get .
5.Credit and financial to funds to enter Simplify
: Businesses for financial sources and to
loans entrance opportunity expand , to them fundraising in doing obstacles reduce through
enterprises themselves stable financial in case hold stand as far as possible has The banking
system will further liberalization and private to investments directed projects encouragement
this in the direction effective measures is considered .
Conclusion and Suggestions
. Conclusion that is , bankruptcy the risk reduce for first in line
financial management improvement and liquidity level high storage necessary . To enterprises
effective financial planning systems current to grow recommendation is done , this and their
future cost and their income clear forecast to do opportunity Also , the debt load control to do
and financial optimal level of debt storage , enterprises stability in providing important
importance has .
Forecasts point of view from the point of view of , if Uzbekistan economic reforms continue if
you can and enterprises support measures expands , the next in years bankruptcy the risk reduce
and financial to stability achieve probability high . Such an approach not only of enterprises ,
but in general of the economy competitiveness to increase contribution added .
used
literature:
1.
Decree of the President of the Republic of Uzbekistan dated September 11, 2023 on the
"Uzbekistan - 2030" strategy .
2.
Uzbekistan Republic
Resident of the Republic of Kazakhstan “Government
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3.
Acceptance on October 10, 2023 " To pay " incompetence about new in edit Law
3
In enterprises financial decisions acceptance to do and risks assessment methods . JI Turaevich , JM
Annakulovich . Science and Education 3 (5), 1646-1654, 20228.
Otsenka veroyatnosti bankruptcy. – URL : https :// finzz . ru / modelibankrotstva - zarubezhnyx - predpriyatij -4-
mda - modeli . html (Data processing: 04/20/2020).
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