The Effect of Privatization of State-Owned Joint-Stock Companies in Case of Uzbekistan
DOI:
https://doi.org/10.51699/ajdes.v15i.431Keywords:
joint-stock company, world economy, shareholders, enterprise, modern world, joint-stock ownershipAbstract
In the modern world, an important role is played by the world economy, which determines the distribution of benefits between the participants in economic relations, a huge influence on this distribution is exerted by joint-stock companies, which have become a solution to many problems of the world economy and allowed the largest enterprises to receive qualitative development, as well as providing shareholders of these enterprises with the opportunity to increase their own well-being, which leads to multiple changes in the world economy itself. Virtually all state-owned enterprises have a direct impact on people's lives through the services and infrastructure they provide.
Poor governance, incompetent leadership, waste of public funds, corrupt mechanisms and lack of financial sustainability in some state-owned enterprises are often in the public eye, as taxpayer money is used to support these inefficient state-owned enterprises. In this regard, it is important to consider the factors under which privatization can be effective.
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