Empirical Study of The Effect of Quality Environmental Information Disclosure on Firm’s Performance of Listed Brewery Firms in Nigeria

This study ascertained the effect of quality environmental information disclosure on firm’s performance of listed Brewers in Nigeria. The main motivation was on the need to show the effect of environmental disclosure in aggregated variable on performance of Brewery firms in Nigeria. The main objective was to ascertain the effect of quality environmental information disclosure on firm’s performance of listed Brewery firms in Nigeria. An ex-post facto research design was adopted for this study. Secondary data were carefully sourced from the annual reports of the Brewery firms quoted on the Nigerian Stock Exchange. Content and Disclosure Index were used to analyze environmental information disclosure. The data span from 2008 to 2019. Panel least square regression test by aid of E-views 10.0 software was used to test the effect of Environmental disclosure index on return on asset, return on equity and on net profit margin. The results showed that Environmental information disclosures significantly affect return on asset of listed Brewery firms in Nigeria. The findings further revealed that Environmental information disclosures do not significantly affect return on equity of listed Brewery firms in Nigeria. Finally, the result established also that Environmental information disclosures significantly affect net profit margin of listed Brewery firms in Nigeria. Consequent upon the findings, the study recommends need for Mandatory disclosure practices by Brewery firms, enforced by government to enable them take responsibility on disclosure of environmental performance data in annual report.