DETERMINANTS OF ENVIRONMENTAL INFORMATION DISCLOSURES OF LISTED FIRMS IN NIGERIA: AN EMPIRICAL ASSESSMENT

Abstract This study employed a quantitative approach to explore the determinants of environmental information disclosure of listed firms in Nigeria. The primary objective was to examine how various firm-specific attributes influence environmental information disclosure. The independent variables incorporated into the model were firm size, directors’’ independence, ownership structure, and profitability. Secondary data encompassing a ten-year period (2014-2023) was collected from listed service firms on the Nigerian Exchange Group (NXG). Descriptive statistics provided a foundational understanding of the data, while inferential statistical tools were employed to delve deeper into the relationships between variables. Random effect regression served as the primary hypothesis testing technique. The results revealed that firm size, directors’ independence and ownership structure have significant effect on environmental disclosure of listed firms in Nigeria. On the other hand, profitability exhibited negative insignificant effect on environmental information disclosure of listed firms in Nigeria. The study recommended that larger firms should prioritize robust environmental information disclosure practices. Strengthening directors’ independence through the appointment of qualified and environmentally conscious directors can further enhance transparency and accountability regarding environmental performance.