Corporate Environmental Reporting and Financial Performance: Evidence from Quoted Nigerian Companies
Keywords:
Corporate Environmental Reporting, Financial Performance, Firm Size, Financial Leverage, Operating Performance.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 quotedÂ
companies. The study calls for standardsetting
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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