The effect of education on interaction between the employer and employees in financial management and increasing the efficiency of the organization

Economic Annals-XXI: Volume 215, Issue (5-6), Pages: 22-27

Citation information
Meyliqulova, M., Gafurov, F., Tursunboyeva, M., Olimova, N., Alimsaidova, S., & Sobitova, R. (2025). The effect of education on interaction between the employer and employees in financial management and increasing the efficiency of the organization. Economic Annals-XXI, 215(5-6), 22-27. doi: https://doi.org/10.21003/ea.V215-04

Manzura Meyliqulova
PhD (Education),
Termez University of Economics and Service
4-B Farovon Str., Termez, 190113, Uzbekistan
manzura_meyliqulova@tues.uz
ORCID ID: https://orcid.org/0009-0002-1702-8002

Farrux Gafurov
PhD (Medicine),
Samarkand State Medical University
18 Amir Temur Str., Samarkand, 140100, Uzbekistan
gulnoza_ganisher@mail.ru
ORCID ID: https://orcid.org/0009-0003-5534-4388

Munisabonu Tursunbayeva
PhD (Linguistics),
Tashkent State University of Economics
49 Islam Karimov Str., Tashkent, 100066, Uzbekistan
munisatursunbayeva@gmail.com
ORCID ID: https://orcid.org/0000-0002-6581-6217

Nargiza Olimova
PhD (Economics),
Department of Accounting and Management,
Andijan State Technical Institute
56 Baburshox Str., Andijan, 170119, Uzbekistan
nargizaolimova21@gmail.com
ORCID ID: https://orcid.org/0000-0001-5161-7666

Sayyora Alimsaidova
D.Sc. (Pedagogics),
Professor,
Kokand State University
23 Turon Str., Kokand city, Fergana region, 100000, Uzbekistan
salimsaidova@gmail.com
ORCID ID: https://orcid.org/0009-0005-6195-2392

Ra’no Sobitova
PhD (Education),
Termez State University
43 Barkamol Avlod Str., Termiz, 190111, Uzbekistan
rsobitova66@mail.ru
ORCID ID: https://orcid.org/0009-0003-8181-1605

The effect of education on interaction between the employer and employees in financial management and increasing the efficiency of the organization

Abstract. The study tested the influence of financial education on employer-employee relations and organizational performance in Uzbek firms in 2024. Quantitative findings indicate that financial education led to a significant increase of 3.09 points of financial knowledge score. Correlation analysis reported high correlation between main variables, namely, the correlation coefficient of 0.65 between financial knowledge and interaction quality and 0.71 between financial knowledge and organizational performance. The regression analyses revealed that interaction quality was a partial mediator because 51% of variance in interaction quality and 68% of variance in organizational performance were attributed to the study variables. The conclusions directly indicate that investment in financial education, through the creation of shared knowledge and better communication, leads to more informative financial decisions and better resource use. The research verifies the need for strategic attention on building human capital during the economic modernization of Uzbekistan.

Keywords: Financial Education; Quality; Interaction; Employer; Employee; Organization; Efficiency; Performance; Economics; Uzbekistan; Human Capital; Modernization; Innovation

JEL Classifications: Е24; Е41; Е64; I18; J28; J31

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V215-04

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Received 20.03.2025
Received in revised form 17.04.2025
Accepted 22.04.2025
Available online 27.06.2025