质押贷款资产价值视角下专利质押融资质物评估模型构建  

Construction of Evaluation Model of Patent Pledge Financing Pledge Under the Perspective of Pledged Loan Asset Value

作　　者：朱国军 刘钰彤 Zhu Guojun;Liu Yutong(School of Business,Jiangsu Ocean University,Lianyungang 222005,China;School of Information Management and Engineering,Shanghai University of Finance and Economics,Shanghai 200433,China)

机构地区：[1]江苏海洋大学商学院,江苏连云港222005 [2]上海财经大学信息管理与工程学院,上海200433

出　　处：《科技管理研究》2019年第15期170-175,共6页Science and Technology Management Research

基　　金：教育部人文社会科学青年基金项目“创新链与互联网融合驱动中国‘链主’企业成长的机制研究”(18YJC790243);江苏省社会科学基金项目“‘互联网+’条件下江苏知识产权密集型产业发展路径研究”(17EYB008)

摘　　要：通过比较研究提出专利质押融资质物的价值类型本质上是质押贷款资产价值,商业银行在开展专利质押融资质物评估时要考虑质物在未来整个贷款期间可实现的资产价值,综合考虑财务价值与战略期权价值。运用改进后的Black-Scholes模型构建专利质押融资质物评估模型,结合商业银行对某公司专利质押融资项目的价值评估对该模型开展算例分析,结果显示企业凭借质物可得到贷款、赢得发展机会,而银行风险也在有效控制范围内。Through comparative study,this paper points out that the value type of patent pledge financing pledge is essentially the value of pledged loan assets,commercial banks should consider the value of assets that can be realized in the whole future loan period,consider financial value and strategic option value comprehensively.The paper uses the improved Black-Scholes model to construct the evaluation model of patent pledge financing pledge,combined with the value evaluation of a patent pledge financing project by a commercial bank,an example is carried out to analyze the model.The results show that the enterprise can obtain the loan,and win the development opportunity by virtue of the pledge,and the bank risk is also within the scope of effective control.

关 键 词：专利质押融资 质押贷款资产价值 质物评估模型 

分 类 号：F272.4[经济管理—企业管理] F224[经济管理—国民经济]