Firms can achieve trinomial sustainability goals if they can constantly build and rejuvenate their capabilities to adapt to new situations. However, few studies consider the interrelationships between the distinct capabilities pertinent to sustainable development and the impact of these capabilities on firm performance under diverse contexts, especially in emerging economies. Drawing on dynamic capability theory, we developed a model to test the links between dynamic sustainability capability, theorized as a higher order capability, and relational and managerial capabilities, theorized as lower order capabilities, to the firm's sustainability performance. Data collected from 210 large Indian manufacturing firms is analyzed using PLS‐SEM. Results confirm that dynamic sustainability capability has facilitating effects on environmental and social performance directly and indirectly through managerial capability. Although relational capability partially mediates the link between dynamic sustainability capability and social performance, it does not impact environmental performance. Further, the aforementioned relationships are affected by forces in the firms' environment. Most of the direct and indirect relationships are negatively moderated by organizational inertia and positively moderated by environmental turbulence. By investigating the hierarchically structured capabilities, this study guides firms to make strategic choices regarding resource calibration for sustainability. The study recommends that organizations looking to integrate dynamic sustainability capability as part of their strategic management should look at the sequential combinations of existing resources to achieve different sustainability targets. The study's findings also urge policymakers to consider environmental conditions while developing sustainability reforms.

中文翻译：

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企业可持续发展绩效动态能力的演变：来自印度制造业的证据

如果企业能够不断建立和振兴适应新形势的能力，就可以实现三项可持续发展目标。然而，很少有研究考虑与可持续发展相关的不同能力之间的相互关系，以及这些能力在不同背景下对企业绩效的影响，特别是在新兴经济体。借鉴动态能力理论，我们开发了一个模型来测试动态可持续性能力（理论化为高阶能力）与关系和管理能力（理论化为低阶能力）与公司可持续发展绩效之间的联系。使用 PLS-SEM 分析从 210 家大型印度制造公司收集的数据。结果证实，动态可持续能力通过管理能力直接和间接地对环境和社会绩效产生促进作用。尽管关系能力在一定程度上调节了动态可持续能力和社会绩效之间的联系，但它并不影响环境绩效。此外，上述关系还受到公司环境力量的影响。大多数直接和间接关系受到组织惰性的负面调节和环境动荡的正面调节。通过调查分层结构的能力，本研究指导企业就可持续发展的资源校准做出战略选择。该研究建议，希望将动态可持续发展能力整合为战略管理一部分的组织应考虑现有资源的顺序组合，以实现不同的可持续发展目标。该研究的结果还敦促政策制定者在制定可持续发展改革时考虑环境条件。