MANAGING FINANCIAL RISKS BY ENSURING THE FINANCIAL STABILITY OF COMPANIES

Аннотация

INTRODUCTION the period of 2022-2026 in the year The development of globalization on the world "Glorification of human dignity and the year of scale is increasing the demand for regulation of an active neighborhood", "Digitalization of the world's economies through a modern production and operational processes in the financial management system. Therefore, real sector of the economy and the financial and development by world trends and banking sectors will increase the effectiveness implementation of financial and economic of financial and economic activities" To increase relations by international standards is one of the efficiency of corporate management, it was the priority goals of every developing country decided to take into account the introduction of today. Ensuring the financial stability of production and management process companies is important in determining their automation (ERP) systems" [1]. This, in turn, future financial status, increasing additional requires paying special attention to aspects investment opportunities, and diversifying such as the effectiveness of the corporate business. In recent years, extensive reforms management system in ensuring financial aimed at creating a favorable business stability in companies, ensuring the environment for doing business, strengthening transparency of information and business the rights and guarantees of business entities, activities in joint-stock companies, and and state support have been implemented in protecting the rights of minority shareholders. our country. At the same time, it is important to establish the practice of using long-term Literature review strategies to ensure the financial stability of Different approaches and tariffs have been cited companies. by foreign and domestic economists regarding In the State program for the implementation of the indicators of financial stability of joint-stock the development strategy of New Uzbekistan for companies and their determination https://www.theamericanjournals.com/index.php/tajmei 72 THE USA JOURNALS THE AMERICAN JOURNAL OF MANAGEMENT AND ECONOMICS INNOVATIONS (ISSN- 2693-0811) VOLUME 06 ISSUE05 methodology. According to Ch. Fridman and K. monitoring, analysis and forecasting of Goodlet, determining the financial stability indicators that ensure financial stability, indicators of companies is a uniquely complex making tactical and strategic decisions, and at process, and specific indicators alone do not the same time evaluating the effectiveness of allow them to form a complete picture of the the decisions made [8]. state of financial stability. In particular, the Research Methodology global economic and financial crises that have occurred in recent years require a In the research process, the scientific and comprehensive study of these indicators [2]. theoretical aspects of the development of According to J. G. Shinazi, the financial system is financial stability strategy in joint-stock stable only if economic resources, financial companies were studied, the organization of risks, their assessment and management are financial stability monitoring in the practice of effectively distributed. Through this definition, foreign companies and a comparative analysis the author considers it an important aspect of of the current state of financial strategies, many achieving financial stability, that is, he focuses theoretical literature on the topic, logical on risk assessment and management [3]. thinking based on empirical research, in scientific observation, systematic approach S.V. Kulikov examines the company's financial methods were widely used. stability based on two different approaches. In particular, according to the first approach, this Analysis and results (financial stability) is "the presence of a fixed Along with the development of the economy, share of equity in the total amount of financial the mutual cooperation relations of the instruments", and according to the second countries are developing. On the basis of approach, "the growth of capital and profits economic and social development opportunities while maintaining the state of the company's and trends of mutual trade relations between financial resources, solvency and countries, it forms similarities in terms of types creditworthiness efficiency of distribution and and standards of financial reports. Analyzing use" [4]. According to A.P. Arkhipov, "The the international practical experience of concept of financial stability of the company can increasing the financial stability of companies, be defined as the ability to fulfill its obligations among the G7 countries, the level of to other participants of the market today and in development of the economy of the United the future [5]. States of America, high macroeconomic trends, According to Professor T.S. Malikov, the corporate forms of doing business are more financial stability of economic entities is widespread than in other countries, and the determined by general (aut