The introduction of high-quality development has made enterprises face new challenges in development and business models. Enterprises actively respond through sustainability practises. Based on the dynamic capability theory, the study explores the influence between the dimension of sustainability management control system (SMCS) and high-quality development of enterprises. Using quantitative methods, survey data were collected from medium and large manufacturing enterprises in China. 362 valid responses were analysed through the partial least squares structural equation model (PLS-SEM). The study indicates that interactive systems have a positive promoting effect on the high-quality development of enterprises. However, diagnostic systems did not directly impact high-quality development due to strict performance metrics and management practices. Dynamic capabilities have demonstrated a mediating mechanism. Multiple group analyses (MGA) show that the research conclusions are not affected by the firm size and age. The research provides new insights for China’s sustainability accounting. For enterprise managers, it is necessary to balance the diagnostic system and the interactive system to stimulate dynamic capabilities, so as to obtain new enterprise competitiveness and achieve sustainable development transformation.
Huang et al. (Wed,) studied this question.