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The aim of the current study is to investigate the mediating impact of performance management system (PMS) on the relationship of enterprise risk management system (ERMS) and financial performance (FP) in the pharmaceutical industry of Thailand. For this purpose, the data was collected from the 609 mangers of the pharmaceutical industry by using purposive sampling technique which yield a 41.2% response rate. The measurement and structural model of the study was run by using a PLS-SEM. The SEM analysis of the study has shown that ERMS has a positive and significant association with the FP, and also has positive and significant association with the PMS. In addition, PMS also has a positive and significant association with the FP. On the other hand, the indirect effect also shown that PMS is significantly mediates in the relationship of ERMS and FP in the pharmaceutical industry of Thailand. These findings indicate that PMS is considered to be a significant mediator in the relationship of ERMS and FP in the pharmaceutical industry of Thailand. Based on the findings, current study contributed a body of knowledge and also shown that PMS is a significantly which is considered to be big contribution of the study. The research limitations and future directions of the study are also discussed at the end of the study.
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