ABUBAKAR, Rabiu Baba
Department of Accounting, Bayero University Kano
babsone10@gmail.com
SADIQ, Rabiu Abdullahi
Department of Accounting, Bayero University Kano
assadiqu2000@yahoo.com
ABSTRACT
Environmental disclosure is a significant element voluntarily disclosed by organizations, as integral part of
corporate social responsibility. This study examined impact of environmental disclosure on financial
performance of listed cement manufacturing companies in Nigeria. An ex post facto research design was
adopted. The study generated Panel data from the listed cement manufacturing companies’ annual reports
and financial statements for the period 2017 to 2021. The data was analyzed using descriptive and fixed
effect techniques. From the result, the estimated coefficient of environmental disclosure is positive (0.439)
and statistically significant at 1 per cent. This showed that environmental disclosure has positive impact on
financial performance of listed cement manufacturing companies in Nigeria. It means that higher levels of
environmental disclosure will result to better financial performance of cement manufacturing companies.
The control variable leverage (0.0645) was positive and statistically significant at 5 per cent. Based on the
findings, the study recommends that relevant stakeholders including government agencies and accounting
professional bodies should put in place practical monitoring instruments to ensure that firms in the Nigerian
cement industry engage in better environmental accounting since it plays key role in their financial
performance and long-run survival, by extension.
Keywords: Environmental disclosure, cement manufacturing companies, financial performance, return on
asset