The theoretical base of financial instruments

Abstract

In this article are given main notion about international standard of financial instruments and tries to explain theory using transaction cost financial method. Specifically how specificity which is one of the three most important attributes for characterizing theoretical base, can effect financial investment, investor choice and investment fees in a setting when customers/suppliers as stockholders of the firm are included. Therefore, article is exploiting on improvement of theoretical basis of financial instrument with the purposes of private and small business development. According to the aim and logic of article the following tasks are formulated specifically study of foreign experience of investment on the basis of the foreign and domestic scientists and mass media, international standards: what is convergence and whether there is any like hood of convergence between Central Asian and European financial organiza-tions and exploiting recommendation on introduction of foreign experience in the investment market of Uzbekistan on the basis of analysis of experience developed countries.