The nature of the firm is the contractualnexus of stakeholders . corporate value is the discounted value that stakeholders will claim interest from corporate.
企业是利益相关者签订的契约集合体，企业价值是企业利益相关者对企业未来利益要求权的贴现值。
2
A modern enterprise is a nexus for a set of contracting relationships. Accounting is a part of enterprise contract and its essence is the measurement for extent and effect of contractual execution.