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The Relationship between Competitiveness, Resilience and Risk Structure

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  • Laszlo Csorba

    (Eszterhazy Karoly Catholic University)

Abstract

This study presents the relationships between enterprises' competitiveness, resilience and risk structure. The use of normal distribution and related theories is fundamental in enterprise quality management, but this is not typical in the areas of competitiveness and resilience. According to the central limit theorem, whether or not the frequencies of a company's performance characteristics follow a normal distribution depends on the risk structure. However, the normal distribution of these characteristics can be an important indicator of a company's competitiveness and resilience. The central limit theorem imposes very strict conditions on the risk structure of a company. These were modelled using dice with different numbers of sides. According to the results, well-diversified risks can form the basis for competitiveness and resilience. At the same time, the setting of business objectives and the creation of reserves remain important.

Suggested Citation

  • Laszlo Csorba, 2025. "The Relationship between Competitiveness, Resilience and Risk Structure," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 24(3), pages 73-94.
    • Handle: RePEc:mnb:finrev:v:24:y:2025:i:3:p:73-94
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    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance

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