The Role of Strategic and Value Chain Flexibility in Achieving Sustainability Performance: An Empirical Analysis Using Conventional and Consistent PLS

We contribute to the clarification of the link between dynamic and operational capabilities by examining how strategic flexibility and value chain flexibility translate into superior sustainability performance. Using survey data of chemical firms in Germany, our structural equation model shows that value chain flexibility fully mediates the relationship between strategic flexibility and sustainability performance. Further, we contribute to the ongoing research on the partial least squares (PLS) approach to structural equation modeling by estimating the proposed research model with both conventional and consistent PLS (PLSc) and outlining a guideline for evaluating and reporting PLSc-related findings.