公司成立年限、风险承担水平与公司价值的实证研究

Empirical Study of the Establishment Period, Risk Taking Level and Company Value

摘要: 经济是国之根本，经济增长的过程中，商业发展是绕不开的关键点，在商业领域，公司价值是一个关键概念，它代表了公司为股东和利益相关者创造的经济和社会效益。公司价值的提升是每个公司的追求，而实现这一目标需要公司承担一定的风险。同时，公司成立年限也是一个重要的指标，它反映了公司的历史和经验积累随着公司成立年限的增加，公司成立越久，公司的运营效率、产品质量、品牌知名度等都会得到提升，从而增加公司的价值。本文基于数据库提供的相关财务报表信息，结合实证方法，分析公司成立年限、风险承担水平与公司价值之间的关系。研究发现，企业成立越久，企业风险承担风险能力越强，公司价值也越高。本研究丰富了现有对于企业成立年限的研究，并给予企业对于平衡企业风险点以促进企业价值的建议。

Abstract: Economy is the foundation of a country. In the process of economic growth, business development is the key point that cannot be avoided. In the field of business, corporate value is a key concept, which represents the economic and social benefits created by the company for its shareholders and stakeholders. The value enhancement of the company is the pursuit of every company, and to achieve this goal requires the company to assume certain risks. At the same time, the length of establishment of the company is also an important indicator, which reflects the history and experience accumulation of the company. With the increase of the establishment length of the company, the longer the company is established, the operation efficiency, product quality and brand awareness of the company will be improved, thus increasing the value of the company. Based on the relevant financial statement information provided by the database and the empirical method, this paper analyzes the relationship between the period of establishment of the company, the level of risk taking and the value of the company. The study found that the longer the enterprise is established, the stronger the risk taking ability of the enterprise, and the higher the value of the company. This study enriches the existing research on the establishment period of enterprises, and gives suggestions on balancing the risk points to promote the enterprise value.