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Determinants Of Financial Market Participant Efficiency In An Innovation-Driven Economy

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  • Khotamkulova Madina

Abstract

This paper investigates the determinants of financial market participant efficiency within the context of aninnovation-driven economy. Drawing on a multidimensional framework that integrates informational, technological,behavioral, human capital, and institutional factors, the study examines how rapid technological change, the proliferationof intangible assets, and evolving regulatory structures interact to shape the capacity of market participants to processinformation, allocate capital, and generate risk-adjusted returns. The findings reveal that, although fintech infrastructureand algorithmic tools significantly enhance operational efficiency, behavioral biases and information asymmetries—particularly those associated with intangible-intensive business models—continue to impose substantial constraints oninformational efficiency

Suggested Citation

  • Khotamkulova Madina, 2026. "Determinants Of Financial Market Participant Efficiency In An Innovation-Driven Economy," GREEN ECONOMY AND DEVELOPMENT, "Ma'rifat-Print-Media" LLC, Tashkent State University of Economics, vol. 4(2), February.
    • Handle: RePEc:teu:ged000:v:4:y:2026:i:2:id:9682
    DOI: 10.5281/zenodo.19274418
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