Researcher ORCID Identifier
Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
Environment, Economics, and Politics (EEP)
Bryce P DesJardins
This paper explores the complex dynamics of corporate decision-making within the Environmental, Social, and Governance (ESG) framework, juxtaposing traditional shareholder theory with the evolving stakeholder theory. It critically examines the challenges and inconsistencies in ESG ratings, the influence of governmental policies, and the evolving trends in investor behavior towards sustainable and ethical practices. Additionally, the paper delves into the impact of societal demands and geographical factors on corporate strategies. Through a series of hypotheses, it predicts future trends in corporate decision-making in relation to ESG, considering variables such as firm size, industry dynamics, and location. The findings suggest that firms will begin to make ESG decisions to stay competitive in the modern market, however, these decisions must be individualized to meet internal and external firm risk factors.
DesJardins, Bryce, "ESG Factors as a Determinant for Firm Decision Making: A Review of Literature" (2023). CMC Senior Theses. 3439.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.