Acta Universitatis Danubius. Œconomica, Vol 8, No 6 (2012)

Abstract

Nigerian firms are facing the challenge of discharging sound environmental practices and disclosing environmental information in order to meet up with public concerns regarding these issues.This study basically investigates the association between environmental responsibility information disclosure and financial performance.To achieve the objective of this study, eighteen listed firms were randomly selected from four environmentally sensitive industries for the years 2005-2009.Using the ordinary least square and logistic regression to test the research propositions, the study observed that there is a positive significant association between environmental responsibility and financial performance and vice versa.Additionally, foreign directors were found to play significant roles in these interactions. The paper therefore calls for an embrace of sound environmental policies and disclosure practices by Nigerian Firms and also recommends further research into associated explanatory factors and disclosure practices.