Journal of Research in Business, Economics and Management (JRBEM) ISSN: 2395-2210 Volume 4, Issue 4 available at www.scitecresearch.com/journals/index.php/jrbem/index 459 SCITECH Volume 4, Issue 4 RESEARCH ORGANISATION November 15, 2015 Journal of Research in Business, Economics and Management www.scitecresearch.com Determinants of Socio-Environmental Reporting of Quoted Companies in Nigeria Adekanmi Aderemi Daniel¹, Adedoyin Ramat Adewumi², Adewole Joseph Adeyinka³ ¹˒ 2 Department of Accounting, College of Management and Social Sciences, Oduduwa University, Nigeria. ³Department of Banking and Finance, College of Management and Social Sciences, Oduduwa University, Nigeria. Abstract The quest for sustainability has caused the corporate body to realize that the world is on the brink of a potential crisis from the combined effects of social and environmental damages. This study examined the determinants of socio-environmental accounting of listed firms in Nigeria. This was with a view to providing information on how socio-environmental accounting could be employed to enhance firms’ sustainability. Secondary source of data collection was employed for the study. Purposive sampling technique was used to select a sample of 50 firms listed on the main board of the Nigerian Stock Exchange based on availability of their annual reports from 2005 to 2013. Both quantitative and qualitative data were sourced. Data collected were analysed with the aid of descriptive statistics such as; mean, median; and inferential statistics using ordinary least square regression analysis. The study found that firms size (t=10.3263; p˂0.05) profitability (t=7.6913; p˂0.05) and number of analysts analyzing the firms (t=2.4684; p˂0.05) were the three major factors that had positive influence on socio-environmental reporting of listed firms in Nigeria. However, socio- environmental performance had significant (t=-3.3508; p˂0.05) negative influence on socio-environmental reporting in Nigerian quoted companies. The study concluded that socio-environmental accounting could be employed to enhance sustainable business practice in quoted companies. Keywords: Socio-Environmental Accounting; Firms’ Sustainability; Nigeria. 1 Introduction Corporate public reporting of financial statements dates back to the 1850s, (ACCA, 2004). At that time, reporting on social and environmental issues were not so embedded in the corporate financial report. The presentation of financial statement information by management only included financial accounting aspect of the entity. According to Rajapakse and Abeygunasekera (2006), the traditional approaches to accounting by corporate entities only focused on their economic operations, with their main activities affecting the economy through operations in the market. However, the concept of social and environmental reporting was added by the corporate entities to their public reports from the mid-1980s (Campbell, 2009). Campbell, (2009) stated that this was the period when the concept of social and environmental accounting began and civil societies vehemently argued that there was a moral case for organizations to report and account for impact of their activities on social and natural environments. This was as a result of the quest for sustainability; to avert pending crises on natural capital; a desire to create, maintain or repair the entity‟s socie tal legitimacy (Uwuigbe and Olayinka, 2011); a responsibility of management complying with regulatory requirements and to legitimize various aspects of their respective organisations (Basamalah and Jermias, 2005); to attract investment funds and to comply with borrowing requirements as well as meeting community expectations (Deegan & Blomquist, 2006); to gain competitive advantage and to be socially responsible (Hasnas 1998); and to manage powerful stakeholder groups (Ullman, 1985). Social and environmental accounting is the process of communicating the social and environmental effects of the organizations‟ economic actions to particular interest groups within society, and society at large. It is also commonly referred to as corporate social responsibility reporting (Deegan, 2007). It can also be defined as an environmental