“…Earlier papers have highlighted only partial aspects of the whole relationship. For example, some studies have analyzed the relationship between environmental regulation and competitive advantage (Triebswetter and Wackerbauer, 2008;Jaffe et al, 1995;Lanoie et al, 2007;Walley and Whitehead, 1994); other papers have studied the connection between environmental regulation and financial performance (Blacconiere and Northcut, 1997;Little et al, 1995), or between environmental management and competitive advantage (Galdeano-Gómez et al, 2008;González-Benito and González-Benito, 2005). Some papers have analyzed the link between environmental management and financial performance (Lindell and Karagozoglu, 2001;Wahba, 2008).…”