The Influence of the Implementation Analysis on the Advanced Risk Management Enterprise : The Role Of Environmental, Social and Governance Performance

The objective of this study is to investigate the extent which Enterprise Risk Management Advanced (ERMADV) implementation impacts firm performance and value moderated by ESG performance. assessment ERMADV level done using eight components derived from governance operating activities whose measurements are founded on Organization for Economic Cooperation Development (OECD) principle COSO ERM-Integrated Framework. Board Gender Diversity, Commissioner Size, Firm Leverage as well Return Equity (ROE) were further used in control variables. This includes companies concerning manufacture mining industry that registered Indonesia Stock Exchange website year 2015 2021. findings research show significantly affects value. In addition, it was discovered plays a large moderating influence. suggests an advanced ERM framework will prioritize risks associated with ESG-related aspects if resilient integrated. As result, strategy direct organizations developing ethical decision-making strategies, improving financial