ESG DISCLOSURE QUALITY AND FIRM FINANCIAL PERFORMANCE IN EMERGING MARKETS: IMPLICATIONS FOR UZBEKISTAN

Abstract

ESG disclosure quality has become an important factor influencing firm financial performance in emerging markets. In countries with developing capital markets, limited transparency and increasing investor interest in sustainability, high-quality ESG disclosure can improve corporate reputation, reduce information asymmetry, strengthen investor confidence and support access to finance. This article examines the relationship between ESG disclosure quality and firm financial performance, with specific implications for Uzbekistan. The study focuses on transparency, credibility, comparability and relevance of ESG information. It argues that better ESG disclosure can help Uzbek companies attract investment, improve competitiveness and prepare for stronger sustainability requirements in international markets.