Improving the Investment Climate and Advancing Public–Private Partnerships Based on Improved Accounting Practices

Abstract

This chapter aims to determine the prospects for improving the investment climate and developing public–private partnerships (PPPs) based on improving accounting practices. The research was conducted using the regression analysis method, relying on IMD statistics for 2022, relevant as of the first half of 2023. The authors determined the impact of the identified perspectives on improving accounting practices on developing the designated key segments of investment markets directly related to financing economic development. The main conclusion drawn from the results of this research is that the potential for improving the investment climate and developing PPPs in the economy is more fully realized with the refinement of accounting practices. The theoretical significance of this research lies in the discovery of a previously unknown opportunity to align the interests of stakeholders in investment markets linked to the improvement of accounting practices. The scientific novelty of this research lies in reinterpreting trends in investment markets from the perspective of Stakeholder Theory and proposing a new path for their balance through the refinement of accounting practices. The practical significance of this research is determined by the fact that the established cause-and-effect relationships of the development of investment markets and the author's forecast for improving the investment climate and developing PPPs based on the refinement of accounting practices can serve as the basis for developing a roadmap for the development of investment markets in the coming years.

Citation

Yuldasheva, M.M., Kushakova, M.N., Igamberdiyeva, K.E., Ismailova, N.Y. and Seytbekova, S.T. (2024), "Improving the Investment Climate and Advancing Public–Private Partnerships Based on Improved Accounting Practices", Eshov, M.P., Abdurakhmanova, G.K., Burkhanov, A.U., Abdusalomova, N.B. and Ergasheva, S.T. (Ed.) Development of International Entrepreneurship Based on Corporate Accounting and Reporting According to IFRS (Advanced Series in Management, Vol. 33A), Emerald Publishing Limited, Leeds, pp. 229-237. https://doi.org/10.1108/S1877-63612024000033A027