CORPORATE GOVERNANCE AND FIRM FINANCIAL PERFORMANCE IN EMERGING MARKETS: IMPLICATIONS FOR UZBEKISTAN

Abstract

Corporate governance is an important factor influencing firm financial performance in emerging markets. In countries with concentrated ownership, weak investor protection and limited transparency, good governance can improve accountability, reduce risks, increase investor confidence and support firm value. This article examines how corporate governance affects financial performance in emerging markets, with specific implications for Uzbekistan. The study focuses on board independence, transparency, audit quality and protection of minority shareholders. The article argues that stronger corporate governance can help Uzbek companies improve financial performance, attract investment and become more competitive during privatization and capital market development.