The inter-generational succession of family businesses has become a focus of study in the academia and the practical fields. This paper attempts to establish a risk analysis framework to deeply analyze the impact mechanism and economic consequences of intergenerational succession on corporate risk-taking capacity. Based on the research data of A-share listed family enterprises in Shanghai and Shenzhen in 2004-2016, this paper takes the time when the successor of the second generation of the family becomes the chairman or general manager as the starting point of inter-generational inheritance. The results indicate that after a family business enters the implementation period of inter-generational succession, the risk-taking capacity of the enterprise will decrease. Further research shows that the inter-generational succession model of the “family-family” category can reduce the risk-taking capacity of the enterprise in comparison with the inter-generational succession model of the “occupation-family” category; and under the mode of inter-generational succession of weak participation, corporate risk-taking level is weaker in contrast with the mode of inter-generational succession of strong participation. Finally, this approach of inter-generational succession concerning enterprise risk-taking capacity causes the decline in corporate accounting performance.