📄 Abstract
This study examines the influence of capital structure configuration and integrated risk management practices on minimizing the weighted average cost of capital (WACC) in joint-stock companies. The research is grounded in contemporary corporate finance theory and emphasizes the strategic interaction between debt-equity optimization and systematic risk mitigation in enhancing firm-level financial efficiency. Using a panel dataset of joint-stock companies operating in emerging and transitional economies, the study applies econometric modeling techniques, including fixed-effects regression and dynamic panel estimation, to assess the causal relationship between leverage ratios, risk exposure indicators, and variations in WACC. The findings reveal that an optimal balance between long-term debt and equity financing significantly reduces capital costs when supported by proactive risk management mechanisms such as credit risk monitoring, liquidity buffers, and market risk hedging.
🏷️ Keywords
📚 How to Cite:
Obidov Sanjar Omonkhodjayevich , THE IMPACT OF CAPITAL STRUCTURE AND RISK MANAGEMENT ON MINIMIZING THE WEIGHTED AVERAGE COST OF CAPITAL IN JOINT-STOCK COMPANIES , Volume 14 , Issue 1, January 2026, International Journal of Asian Economic Light (JAEL) ,