Global Journal of Management and Business Research, D: Accounting and Auditing, Volume 21 Issue 2

© 2021. Olusola Esther Igbekoyi (PhD), Festus Taiwo Solanke, Sunday Amos ADEUSI (PhD),Muyiwa Ezekiel Alade (PhD) & Wale Henry Agbaje (PhD). This research/review article is distributed under the terms of the Attribution-NonCommercial-NoDerivatives 4.0 International (CC BYNCND 4.0). You must give appropriate credit to authors and reference this article if parts of the article are reproduced in any manner. Applicable licensing terms are at https://creativecommons.org/licenses/by-nc-nd/4.0/. Global Journal of Management and Business Research: D Volume 21 Issue 2 Version 1.0 Year 2021 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Online ISSN: 2249-4588 & Print ISSN: 0975-5853 Environmental Accounting Disclosure and Financial Performance of Listed Multinational Firms in Nigeria Accounting and Auditing Adekunle Ajasin University Abstract- The study investigated environmental accounting disclosure and financial performance of listed multinational companies in Nigeria. This study was conducted by firstly assessing the level of compliance, and then exploring the effect of environmental disclosure on financial performance with a focus on multinational companies in the face of continued environmental abuse witnessed in the Nigerian business space owing to the non-availability of sustainability reporting legal framework. The study used secondary data obtained from the published annual reports of the companies from 2011 to 2020. Data collected (Environmental disclosure index, return on asset, earnings per share), were analyzed using descriptive statistics and panel regression analysis. It was discovered that in assessing level of compliance, out of the three sectors assessed, oil and gas was the least compliant. Also, results showed that environmental accounting disclosure had a significant and positive effect on earnings per share (EAPS) but a negative and insignificant effect on return on asset (RETA). The study, therefore, concluded that the extent of responsiveness of companies to environmental accounting disclosure influences how the company is valued. The study, therefore, recommended that multinational companies and other Nigerian firms, should make effort to disclose their environmental-related activities even though it is not required by law, as it has shown evidence of its influence on earnings on shares of companies. Keywords: environmental disclosure index, earnings per share, multinational firms, nigeria and return on asset. GJMBR-D Classification: JEL Code: M49 EnvironmentalAccountingDisclosureandFinancialPerformanceofListedMultinationalFirmsinNigeria Strictly as per the compliance and regulations of: Olusola Esther Igbekoyi (PhD), Festus Taiwo Solanke, Sunday Amos ADEUSI (PhD), Muyiwa Ezekiel Alade (PhD) & Wale Henry Agbaje (PhD)