Abstract: The dynamic capabilities and corporate sustainable development have become important propositions for academic discussion. Sustainability as a managerial trend plays an important role in the contemporary organizational strategy management. A company's capability to make sustainability more dynamic and integrated with strategies, transforming it into a business asset, has yet to be studied. This study examines that how to translate dynamic sustainability capabilities into corporate sustainability performance from the perspective of natural resource-based view. The study investigates the mediating effect of resources management capabilities between dynamic sustainability capabilities and corporate sustainability performance. Survey data were collected from China’s 163 corporations and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results demonstrate that: 1) dynamic sustainability capabilities are composed of monitoring, capturing, and reconstructing capabilities ; 2) dynamic sustainability capabilities have a significant positive effect on each dimension of corporate sustainability performance; 3)resources management capabilities were examined to only partially mediate the relationship between dynamic sustainability capabilities and corporate environmental and social performance, while the economic performance exhibits no mediation. This study enriches the theory of dynamic capabilities and sustainable development and provides effective management advice for companies confronted with sustainable development issues.

Key words: dynamic sustainability capabilities, corporate sustainability performance, resource management capabilities