知识产权(IP)融资约束因素研究  

Empirical Research on Influencing Factors of Intellectual Property Financing

作　　者：牛草林[1] 薛志丽[1] 

机构地区：[1]内蒙古大学经济管理学院,内蒙古呼和浩特010021

出　　处：《财会通讯（下）》2013年第8期114-119,129,共6页Communication of Finance and Accounting

摘　　要：本文对知识产权融资约束因素进行了研究。研究表明:知识产权融资的风险多发且不易控,影响知识产权的未来现金流与预期价值,成为融资约束的首要因素;企业的经营与管理能力越强,企业获得稳定现金流的能力越强,融资风险越低,融资价值优势越强;交易成本越低、信用评估体系越健全、评估机构越专业和权威、担保保证能力越强,知识产权的债务融资能力越强;知识产权本身所特有的专有性、法定性、可复制性等权属特征对融资价值的影响比较直接;知识产权的产权权属越明晰,权利人的权利状态越稳定,有关融资的质押、转让及处置越顺畅;技术本身的市场前景越好、竞争程度越强,越容易赢得融资信赖与支持。Studies have shown that: Intellectual property financing, which are risky and difficult to control, affect future cash flows and the expected value, and become the main factor of financing constraints;the operation and management of enterprise ability is strong, the ability of enterprises to obtain a stable cash flow is better, financing risk is lower, the financing value advantage is stronger; lower transaction cost, more robust credit evaluation system, more professional and authoritative assessment mechanism, and more guarantee ability, intellectual property debt financing ability is stronger; ownership characteristics of the intellectual property, such as unique proprietary, legal nature, and duplicability, directly influence the financing value; more clear intellectual property ownership and more stable the persons right state, the related financing pledge, transfer and disposal is more smooth; the better market prospects of the technology itself, and the stronger the degree of competition, the more likely to win financing trust and support.

关 键 词：知识产权 融资约束因素 

分 类 号：F204[经济管理—国民经济] F832.4F224