Macroeconomic uncertainty and systemic risk in non-financial enterprises: Evidence from China

Key Points

• Systemic risk rises alongside increased macroeconomic uncertainty, impacting enterprise stability.
• A 15% increase in macroeconomic uncertainty correlates with significant swings in systemic risk metrics.
• Observational analysis in China assessed the relationship between economic factors and enterprise risks.
• Understanding this relationship is vital for improving financial stability in the face of economic uncertainty.