THEORETICAL AND PRACTICAL ASPECTS OF DIVERSIFYING FINANCING SOURCES FOR JOINT-STOCK COMPANIES
DOI:
https://doi.org/10.5281/zenodo.23644302Abstract
This thesis examines the theoretical foundations and practical significance of diversifying financing sources for joint-stock companies. It provides a comparative analysis of various financing options, including internal funds, bank loans, corporate bonds, the issuance of additional shares, retained earnings, and hybrid financial instruments. The study highlights the roles of the cost of capital, financial leverage, liquidity, ownership structure, and market conditions in the selection of financing sources. Furthermore, it develops recommendations for joint-stock companies in Uzbekistan aimed at reducing excessive reliance on bank loans, utilizing capital market instruments, and enhancing financial stability.Keywords
joint-stock company, financing sources, capital structure, equity, debt capital, corporate bond, share issuance, financial leverageReferences
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