The Effect of Enterprise Risk Management and Sustainability Report on Firm Value with Profitability as a Moderation Variable (Empirical Study on Firms Listed on the Indonesia Stock Exchange in 2021-2023)

Firm value is a reflection of firm performance and prospects. Firm value can be seen from the movement of stock prices, to show the prosperity of shareholders. This study examines the influence of Enterprise Risk Management and Sustainability Report on Firm Value with Profitability as a moderation variable. This research was conducted on Firms listed on the Indonesia Stock Exchange from 2021-2023. The data of this study was analyzed using WarpPLS 8.0 software with 141 research samples taken using the purposive sampling method. The results of this study show that Enterprise Risk Management has a negative effect on Firm Value while Sustainability report has a positive effect on Firm Value, Furthermore Profitability can moderate the influence of Enterprise risk Management and Sustainability Report on Firm Value, which means that firm with high profitability are better able to manage risk and are able to plan sustainability strategy so that they can increase their Firm Value.