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The Research On The Risk Of Intellectual Property Securitization Pricing

Posted on:2014-12-11Degree:MasterType:Thesis
Country:ChinaCandidate:J ZhaoFull Text:PDF
GTID:2309330482465102Subject:Regional Economics
Abstract/Summary:PDF Full Text Request
Intellectual property securitization as a forward direction of asset securitization extending in the field of intangible assets, not only makes the knowledge capital and financial tools together, promote the practice of intellectual property; and the capital market opens up a new development direction. For the high-tech enterprises, especially for those fixed assets less small technology enterprise, intellectual property securitization is also expanding financing channels for the. However, at present, our research is mainly focused on intellectual property securitization theory description, the specific operating rules applied, especially the analysis of pricing is still lack, which seriously hindered the intellectual property securitization practice in China’s development process.In this paper, the process of intellectual property securitization pricing strategy as the theme, first of all, the origin and development of intellectual property securitization process, compared to other intellectual property financing advantages and the current research hotspots and summarized statements, so that the readers can have a preliminary understanding and grasp of the intellectual property securitization. Then cut into the main part of the paper strategy-the process of securitization pricing. Here, we first briefly review the general pricing method of traditional asset securitization, the general pricing of asset securitization is summarized, and by way of contrast, the intellectual property securitization pricing process and traditional asset securitization pricing process similarities and differences in the to:prediction of future profit of assets. Therefore, this paper introduces in detail the intellectual property rights of future earnings evaluation method, and through the use of Credit Risk+model, a detailed analysis of the risk of loss of future earnings asset pool, method of determining the risk value is given. In order to suitability verification of Credit Risk+ model, we use Matlab software to do the simulation test of the model test, the results accord with the general principle we should follow. At the same time, in order to further illustrate the application method of the model, we also use the empirical method of operation. At the end of the article, in view of intellectual property securitization practice in China, and puts forward some suggestions for reference.
Keywords/Search Tags:Intellectual property, Securitization, Risk, Pricing
PDF Full Text Request
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