中文摘要：

基于创始人自身特征的异质性，本文研究家族创始人职业经历与企业风险承担的关系。研究发现，相对于家族创始人具有公共部门职业经历的企业，创始人具有企业部门职业经历的企业风险承担水平更高。进一步地，在产品市场竞争激烈的行业，家族创始人的企业部门职业经历与企业风险承担水平的正相关关系更强。研究表明，具有企业部门职业经历的家族创始人更偏好风险，其所掌控企业的风险承担水平也更高。本文发展了基于代理理论和控制权理论的家族企业风险承担研究，论证了家族创始人职业经历特征对企业风险承担的重要作用。同时，本文研究结论有助于投资者识别企业风险。

英文摘要：

Based on the heterogeneity of founder＇s own characteristics, this paper investigates the relationship between family founder＇s work experiences and corporate risk-taking. We find that compared with firms controlled by founders who had worked in non-private sectors prior to their entrepreneurship, firms controlled by founders with private sectors＇ experiences are more risk-taking. Further, the positive association between founder＇s private sector working experiences and corporate risk-taking is stronger when the firm locates in more competitive industry. These findings imply that family founders used to work in the private sector prefer risk taking, thus their firms are more likely to exhibit higher risk. This paper develops the research which concerns family firms＇ risk taking behavior based on agency theory and corporate control theory. Findings of this paper could enable investors to better understand corporate risk.