The goal of this paper is to explore the interrelated relationships between the quality of corporate governance, Stakeholder’s pressure, and Sustainability Reporting. We claim that sustainable development strategies are the result of the interaction of two variables: the standard of corporate governance and the pressure of stakeholders rather than the outcome of a single variable. The results indicate that the company size and corporate governance rating are positively correlated with sustainability reporting Scores disclosed by the Turkish companies. The analysis of 125 firm-year data suggest that the company provides more SRS if it has a better corporate governance rating; or larger total assets. The paper also reveals that social, environmental and economic indicators, as pillars of sustainable development, are not the result of corporate governance practices or of stakeholder pressure alone, but represent a holistic reflection of the accumulated effects of various factors related to both corporate governance practices and stakeholder theory. This paper extends the work of Taşkirmaz, and Gamze (2017) which examined the relationship between corporate governance and corporate social responsibility. Our results increase understanding of sustainable practices of the circular economy in Turkish industrial companies and indicate future trends for these applications. This research will help managers of manufacturing companies in formulating their plans to maximize the use of available resources and improve efficiency in the context of the circular economy. KeywordsCircular economy, Corporate governance, stakeholder theory, Accounting system, Sustainability reporting.

中文翻译：

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公司治理质量，利益相关者的压力与可持续发展：一种综合方法

本文的目的是探索公司治理质量，利益相关者的压力和可持续发展报告之间的相互关系。我们声称，可持续发展战略是两个变量相互作用的结果：公司治理的标准和利益相关者的压力，而不是单个变量的结果。结果表明，公司规模和公司治理等级与土耳其公司披露的可持续发展报告得分呈正相关。对125个公司年度数据的分析表明，如果公司具有更好的公司治理评级，它将提供更多的SRS。或更大的总资产。该文件还揭示了作为可持续发展支柱的社会，环境和经济指标，这并不是公司治理实践的结果或仅是利益相关者压力的结果，而是整体反映了与公司治理实践和利益相关者理论相关的各种因素的累积影响。本文扩展了Taşkirmaz和Gamze（2017）的工作，该工作研究了公司治理与公司社会责任之间的关系。我们的结果加深​​了对土耳其工业公司循环经济可持续实践的理解，并指出了这些应用的未来趋势。这项研究将帮助制造业公司的经理制定计划，以在循环经济的背景下最大限度地利用可用资源并提高效率。循环经济公司治理利益相关者理论会计制度