Corporate Environmental Reporting and Financial Performance: Evidence from Quoted Nigerian Companies
Corporate Environmental Reporting and Financial Performance: Evidence from Quoted Nigerian Companies

Summary/Abstract: This study investigates corporate environmental reporting and financial performance in Nigeria. Quantitative research design was adopted and secondary data were obtained from annual reports and accounts of some selected quoted companies on the Nigerian Stock Exchange. The data so obtained were analyzed using the ordinary least square estimation technique. Based on the analysis, we found that there is no significant relationship between environmental reporting, operating performance and firm size among the selected quoted companies in Nigeria. Also, corporate environmental reporting does not affect the financial leverage of quoted companies. On the basis of the findings, it was recommended among others that environmental reporting themes and evidence must be established to provide foundation for improving financial performance of quoted companies. The study calls for standard-setting bodies to set up guiding principles or accounting standards in order to improve the financial and non-financial environmental reporting of quoted companies. Besides, quoted companies are encouraged to imbibe the culture of corporate environmental audit as this process will help them systematically assess how well their environmental management practices conforms to green production goals and help diffuse green production practices throughout the organization

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