INFLUENCE OF INNOVATIONS ON THE PROFITABILITY OF ENTERPRISES

Authors

  • Gafurova Azizakhon Fatikhovna Author

Keywords:

innovation, profitability, innovation efficiency, investment

Abstract

 The article examines the impact of innovation activities on the profitability indicators of industrial enterprises of the Republic of Uzbekistan for the period 2018–2023. Based on the analysis of real statistical data, trends in the growth of innovation activity are determined and the relationship between the introduction of innovations and the improvement of the financial results of companies is revealed. The special role of digital and product innovations in increasing the competitiveness and expanding the export opportunities of Uzbek manufacturers is noted. The article offers practical recommendations for the further development of the innovative potential of industry and support for digital transformation. 

Author Biography

  • Gafurova Azizakhon Fatikhovna

     PhD, Tashkent State University of Economics

     

     

References

1. Annual statistical report of the State Statistics Committee of the Republic of Uzbekistan for 2023. – Tashkent, 2024. – [Electronic resource]. – URL: https://stat.uz (date of access: 05/25/2025).

2. Report of the Center for Economic Research and Reforms under the Administration of the President of the Republic of Uzbekistan (CERR) on the digitalization of industry and the impact of innovation on the economy, 2023. – Tashkent, 2023. – 87 p.

3. Decree of the President of the Republic of Uzbekistan No. UP-60 “On the strategy of innovative development of the Republic of Uzbekistan for 2022–2026” dated 07/06/2022. – [Electronic resource]. – URL: https://lex.uz/docs/6102464 (date of access: 05/25/2025).

4. Schumpeter J. Theory of Economic Development / J. Schumpeter; trans. from English. – Moscow: Direct-Media, 2008. – 400 p.

5. Porter M. The Competitive Advantage of Nations / M. Porter. – New York: Free Press, 1990. – 855 p.

6. Griliches Z. R&D and Productivity: The Econometric Evidence / Z. Griliches. – Chicago: University of Chicago Press, 1998. – 350 p.

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Published

2025-05-29

Issue

Section

Economics

How to Cite

INFLUENCE OF INNOVATIONS ON THE PROFITABILITY OF ENTERPRISES. (2025). INTERNATIONAL SCIENTIFIC-ELECTRONIC JOURNAL “PIONEERING STUDIES AND THEORIES”, 1(5), 60-63. https://www.pstjournal.uz/index.php/pst/article/view/50

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