Corporate competitiveness and sustainability risks

This paper aims at providing a theoretical analysis of the existing research on corporate competition and sustainability risks that occur when companies aspire to reach maximum competitive advantages and gain competitive benefits compared to their rivals. Competitiveness has been described as a mult...

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Bibliographic Details
Published in:Risk Governance & Control: Financial Markets & Institutions 2018, Vol.7 (4-2), p.225-233
Main Authors: Braendle, Udo, Mozghovyi, Yaroslav, Huryna, Kateryna
Format: Article
Language:English
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Summary:This paper aims at providing a theoretical analysis of the existing research on corporate competition and sustainability risks that occur when companies aspire to reach maximum competitive advantages and gain competitive benefits compared to their rivals. Competitiveness has been described as a multidimensional, theoretical and relative concept linked with the market mechanism. The concept of competitiveness may refer to different levels of aggregation: national, regional, industrial and individual companies. This paper contributes to the theoretical research on corporate competitiveness by the analysis of old and new definitions of this category. It also notes that the sustainability risks connected to competition can be divided into several groups where the authors highlight environmental, legal, financial risks, behaviour risks and state-related risks as the most crucial ones. For companies to be fit for the competitive challenge, the paper identifies main characteristics of such risks and gives policy guidance for their avoidance.
ISSN:2077-429X
2077-4303
DOI:10.22495/rgc7i4c2art5