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

The study found that in the sectoral analysis, all of the three sectors studied majorly defaulted in full disclosure of environmental disclosure, with the oil and gas sector showing least with majority of the years falling to zero disclosure. When investigating the effect of disclosure on financial performance, the study found that environmental disclosure index had a significant positive effect on earnings per share. While in the case of return on assets, the results showed that environmental disclosure index has an insignificant negative effect. The study, therefore, concludes that multinational companies in Nigeria are not doing well enough in terms of full disclosure despite their affiliations with developed countries. Also, it was concluded that the environmental disclosure index significantly influences the earnings per share of companies within the time frame of this study. Based on these findings, the study, therefore, concludes that earning per share has a significant influence on the environmental accounting disclosure of listed multinational firms in Nigeria; the study there recommends that; i. Environmental accounting disclosure should not be seen as a mere report but more as governance and strategic issue, such that irrespective of the presence of regulation, full disclosure will be maintained to legitimatize the position of the firms in the society. ii. The significance of earnings per share when compared with the return on assets is an indication that environmental accounting disclosure determines how a firm is valued in the economic market, so the disclosure should be prioritized by multinational firms. iii. The determining R eferences R éférences R eferencias 1. Akamelu, P. F. & Umeoduagu, O.L. (2017). Environmental accounting disclosure and firm value of industrial goods companies in Nigeria. 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Makari, D., & Jagongo, A. (2013). Environmental Accounting and firm profitability: An empirical © 2021 Global Journals 2 Global Journal of Management and Business Research Volume XXI Issue II Version I Year 2021 ( ) D 26 Environmental Accounting Disclosure and Financial Performance of Listed Multinational Firms in Nigeria