Exploration of the impact of macroeconomic uncertainty on corporate value and investment behavior

This study focuses on A-share listed companies in China from 2010 to 2022, examining the correlation between macroeconomic uncertainty and corporate value. The results indicate a negative relationship, suggesting that as macroeconomic uncertainty intensifies, corporate value diminishes. Furthermore, heightened macroeconomic uncertainty constrains corporate investment behavior, contributing to the decrease in enterprise value. Notably, state-owned enterprises and those with lower equity concentration experience even more pronounced declines in value when confronted with increasing macroeconomic uncertainty.