The Chinese government has issued a series of environmental policies to encourage corporations to engage in green behaviour to promote domestic industrial technology reform and build competitive advantage. Based on resource dependence theory, this research takes Shanghai and Shenzhen A-share listed companies from 2010 to 2016 as a sample to analyse the impact of environmental regulation on the construction of corporate green advantage, and further discusses the moderating effects of market pressure and corporate dependence on the government on the relationship between environmental regulation and corporate green advantage. The results demonstrate that environmental regulation can significantly promote the construction of corporate green advantage. Moreover, market pressure and corporate dependence on the government are found to further strengthen the promoting effect of environmental regulation on the construction of corporate green advantage, among which market pressure plays a leading role.
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