This article provides a comprehensive analysis of the formation of the optimal structure of equity capital in jointstock
companies and its impact on financial stability. The study examines the capital structure of joint-stock companies,
total capital, its sources, and proportional composition. In particular, the structure and dynamics of equity capital are
analyzed using the case of Navoiyazot JSC. Special attention is paid to ensuring balanced financial stability through
the diversification of retained earnings between consumption and accumulation funds. Based on the findings, strategic
directions for increasing equity capital through internal financial resources are proposed, along with tactical measures for
their effective implementation.
Publication Date: 2025-11-01