diff --git a/src/index.js b/src/index.js
index d00523e..546e395 100644
--- a/src/index.js
+++ b/src/index.js
@@ -70,28 +70,36 @@ function processResult(loaderContext, result) {
 export default function loader(content) {
   const options = this.getOptions(schema);
   const { executableFile } = options;
-
-  let func;
+  const callback = this.async();
 
   let exports;
 
   if (executableFile) {
-    // eslint-disable-next-line global-require,import/no-dynamic-require
-    func = require(executableFile);
+    try {
+      // eslint-disable-next-line global-require,import/no-dynamic-require
+      exports = require(executableFile);
+    } catch (error) {
+      callback(new Error(`Unable to require "${executableFile}": ${error}`));
+      return;
+    }
   } else {
     try {
       exports = exec(content, this);
     } catch (error) {
-      throw new Error(`Unable to execute "${this.resource}": ${error}`);
+      callback(new Error(`Unable to execute "${this.resource}": ${error}`));
+      return;
     }
-
-    func = exports && exports.default ? exports.default : exports;
   }
 
+  const func = exports && exports.default ? exports.default : exports;
+
   if (typeof func !== "function") {
-    throw new Error(
-      `Module "${this.resource}" does not export a function as default`
+    callback(
+      new Error(
+        `Module "${this.resource}" does not export a function as default`
+      )
     );
+    return;
   }
 
   let result;
@@ -99,12 +107,11 @@ export default function loader(content) {
   try {
     result = func(options, this, content);
   } catch (error) {
-    throw new Error(`Module "${this.resource}" throw error: ${error}`);
+    callback(new Error(`Module "${this.resource}" throw error: ${error}`));
+    return;
   }
 
   if (result && typeof result.then === "function") {
-    const callback = this.async();
-
     result
       .then((res) => processResult(this, res))
       .catch((error) => {
diff --git a/test/__snapshots__/executableFile.test.js.snap b/test/__snapshots__/executableFile.test.js.snap
index c3adae3..446311f 100644
--- a/test/__snapshots__/executableFile.test.js.snap
+++ b/test/__snapshots__/executableFile.test.js.snap
@@ -1,5 +1,15 @@
 // Jest Snapshot v1, https://goo.gl/fbAQLP
 
+exports[`executableFile option should emit error: errors 1`] = `
+Array [
+  "ModuleBuildError: Module build failed (from \`replaced original path\`):
+Error: Unable to require \\"/test/fixtures/error-require.js\\": Error: This is a typical require() error",
+  "ChunkRenderError: Cannot read property 'get' of undefined",
+]
+`;
+
+exports[`executableFile option should emit error: warnings 1`] = `Array []`;
+
 exports[`executableFile option should work: errors 1`] = `Array []`;
 
 exports[`executableFile option should work: result 1`] = `
diff --git a/test/executableFile.test.js b/test/executableFile.test.js
index 0dd0da4..caf085a 100644
--- a/test/executableFile.test.js
+++ b/test/executableFile.test.js
@@ -46,4 +46,45 @@ describe("executableFile option", () => {
     );
     expect(normalizeErrors(stats.compilation.errors)).toMatchSnapshot("errors");
   });
+
+  it("should emit error", async () => {
+    const compiler = getCompiler(
+      "executableFileEntry.js",
+      {},
+      {
+        module: {
+          rules: [
+            {
+              test: /\.(json)$/i,
+              rules: [
+                {
+                  loader: require.resolve("./helpers/helperLoader.js"),
+                },
+                {
+                  loader: require.resolve("../src"),
+                  options: {
+                    executableFile: path.resolve(
+                      __dirname,
+                      "fixtures",
+                      "error-require.js"
+                    ),
+                  },
+                },
+              ],
+            },
+            {
+              test: /\.json$/i,
+              type: "asset/resource",
+            },
+          ],
+        },
+      }
+    );
+    const stats = await compile(compiler);
+
+    expect(normalizeErrors(stats.compilation.warnings)).toMatchSnapshot(
+      "warnings"
+    );
+    expect(normalizeErrors(stats.compilation.errors)).toMatchSnapshot("errors");
+  });
 });