Effect Of Firm Based Characteristics On Environmental Disclosure Responsibility Of Deposit Money Bank In Nigeria

Abstract here is an increased awareness and demand from the society for firm’s accountability for the effect of their operation on the environment. This study therefore examines Firm characteristics and environmental disclosure of deposit money banks in Nigeria for the period of seven years (2015-2021). In this study, environmental disclosure is used synonymous with natural wealth disclosure and corporate social responsibility. The population of the study is 24 banks while the sample size of the study is 19 deposit money banks based on availability and easy accessibility of their financial statements within the period under consideration. The characteristics were proxied by firm size, firm age and profitability while binary codification was used for natural wealth disclosure. The study used panel binary logistics regression to analyse the data while descriptive statistics and correlation matrix made the pre- regression analysis. The study found that firm size and firm profitability have negative but insignificant relationship with natural wealth disclosure while firm age has positive significant relationship with natural wealth disclosure. From the findings, it was concluded that both firm age firm size has effects on natural wealth disclosure of deposit money bank in Nigeria. Based on the conclusion, it is therefore recommended that investors should consider firm age of Nigerian deposit money bank as the bases for natural wealth disclosure. However, investors should not consider firm size, on the bases of total assets, as the bases for natural wealth disclosure.