Том 11 № 3 (2025): MOLIYA VA BANKISHI
Nashr maqolalari

ESG Integration and Non-Performing Loans (NPLs) in Central Asian Banking Systems

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  • Mashhurbek Jalalov
Mashhurbek Jalalov
71 237 53 85

Nashr qilingan 2025-09-15

Iqtibos

Jalalov, M. (2025). ESG Integration and Non-Performing Loans (NPLs) in Central Asian Banking Systems. MOLIYA VA BANK ISHI, 11(3), 65–75. Retrieved from https://journal.bfa.uz/index.php/bfaj/article/view/358

Аннотация

Ushbu tadqiqot Markaziy Osiyo mintaqasida Atrof-muhit, Ijtimoiy va Boshqaruv (ESG) ko’rsatkichlari bilan bank kredit riski o’rtasidagi bog’liqlikni empirik tarzda birinchi marta o’rganadi. Qozog’iston, O’zbekiston, Qirg’iziston va Tojikistondan 2015-2024 yillar oralig’ida 32 tijorat bankining o’ziga xos, qo’lda yig’ilgan panel ma’lumotlar to’plamidan foydalangan holda, biz ESG ballarining noto’lovchi kreditlar (NPL) nisbatiga ta’sirini tahil qilamiz. Endogenlik va kuzatilmaydigan geterogenlikni nazorat qilish uchun qat’iy effektlar va Tizimli Birlashtirilgan Momentlar Usuli (GMM) modellaridan foydalangan holda, natijalarimiz umumiy ESG ko’rsatkichi va NPL nisbati o’rtasida sezilarli salbiy bog’liqlik mavjudligini aniqladi. ESG ustunlarining batafsil tahili shuni ko’rsatadiki, bu ta’sir asosan mustahkam Boshqaruv tomonidan amalga oshiriladi, ikkinchi darajali sezilarli hissasi esa Ijtimoiy ko’rsatkichlarga tegishli. Shu bilan birga, Atrof-muhit ustuni ahamiyatsiz bog’liqlikni ko’rsatadi, bu uning kredit riskiga bo’lgan ta’sir kanali mintaqaning amaldagi iqtisodiy tuzilishida hali aniq ifodalangan emasligidan dalolat beradi. Ushbu topilmalar ESG, xususan mustahkam boshqaruv va ijtimoiy amaliyotlarning, banklar uchun faqatgina simvolik harakat emas, balki muhim riskni kamaytirish vositasi ekanligini ta’kidlaydi. Tadqiqot bank menejerlari, tartibga soluvchilar va xalqaro institutlar uchun muhim amaliy natijalarni taqdim etadi va rivojlanayotgan bozorlarda moliyaviy barqarorlikni oshirish uchun ESG omillarni, ayniqsa boshqaruvni, ehtiyotkorlik risklarni boshqarish tizimining markaziga kiritishni tavsiya etadi.

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