PDF
ZENODO
Published
2025-06-12
Section
Articles
How to Cite
How to Cite
ENHANCING THE PRACTICE OF FINANCING WORKING CAPITAL IN ENTERPRISES: CHALLENGES AND STRATEGIC SOLUTIONS
Faxriddin Abdurasulovich Ishpulatov
Master’s Student, 2nd Year Department of Master’s Studies Termiz Institute of Economics and Service
M.O. Amonov.
Scientific Supervisor – PhD in Economics
Keywords: working capital, financing, liquidity, turnover ratio, internal funds, bank credit, financial efficiency, cash cycle
Abstract
ABSTRACT
This paper investigates the challenges and developments in financing working capital within enterprises, particularly in the context of developing economies such as Uzbekistan. Working capital is the lifeblood of business operations, ensuring liquidity and the continuity of production and service cycles. Through empirical observations and statistical assessments, the study analyzes current financial structures, the dependency on internal versus external funding sources, and the role of bank loans in short-term capital maintenance. Based on the findings, the paper proposes practical strategies for optimizing financial management, including diversifying funding sources, improving turnover ratios, and integrating digital financial planning tools. The outcomes suggest that a strategic shift in working capital financing significantly enhances operational efficiency and long-term sustainability.
References
1. Khalilov, O. (2020). Enterprise Economics. Tashkent: Iqtisodiyot Publishing House.
2. Quchqarov, M. (2021). Finance and Financial Management Fundamentals. Tashkent: Science and Technology Publishing.
3. Rakhimov, Z. (2019). Financial Analysis of Enterprise Activities. Tashkent: Iqtisodiyot Publishing.
4. State Committee of the Republic of Uzbekistan on Statistics. (2023). Statistical Compendium of GDP and Financial Indicators. Tashkent: Statkom.
5. Abduvohidov, A., & Sobirov, B. (2022). Enterprise Finance: A Textbook. Samarkand: SamISI Publishing.
6. Karimov, Sh., & Turgunov, H. (2021). Financing Strategies in Small Business. Tashkent: Iqtisodchi Publishing.
7. Central Bank of the Republic of Uzbekistan. (2020–2024). Monetary Policy Reviews and Analyses. Retrieved from https://cbu.uz/
8. Mahmudov, F. (2022). Analysis of Working Capital Management and Efficiency. Economy and Innovations Journal, (3), 44–51.
9. President of the Republic of Uzbekistan. (2022). Decree PQ-168 on Measures to Improve Financial Management in Industrial Sectors (March 9, 2022). Retrieved from https://lex.uz/
10. Center for Economic Research and Reforms. (2023). Analytical Report on Financial Management and Liquidity Problems in Enterprises. Tashkent: CER.
