| 靳晓东,谭运嘉.一种专利组合价值评估模型的设计[J].数量经济技术经济研究,2013,30(4):99-110 |
| 一种专利组合价值评估模型的设计 |
| The Assessment of Patent Portfolios in Patent-backed Securitization Based on a Trinomial Tree Pricing Model |
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| DOI： |
| 中文关键词: 专利资产证券化 专利组合 价值评估 模式转换算法 三叉树模型 |
| 英文关键词: Patent-backed Securitization Patent Portfolios Assessment Mode Conversion Algorithm Trinomial Tree Model |
| 基金项目: |
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| 中文摘要: |
| 专利资产证券化是推动企业的专利资产能够与金融资本有效融合、促进自主创新中资金需求与供给的良性循环的一种新兴融资方式。在专利资产证券化的过程中，对被证券化专利组合价值的评估是其核心步骤。在实践中，为了降低交易风险，被证券化专利资产池一般由两个或者两个以上的专利组合所构成。为对专利资产证券化中被证券化专利组合价值进行评估，本文针对被证券化专利组合的特点，构建了一个模式转换算法下的三叉树模型。经过算例分析，该模型的运用能够实现对该类专利组合价值的准确评估，从而保证专利资产证券化交易的顺利进行，推动我国专利产业化的进程。 |
| 英文摘要: |
| Patent-backed securitization is a kind of merging financing method, which can promote the effective fusion of enterprises’ patent assets and financial capital, and facilitate the benign circle of fund supply-and-demand in independent innovations. In patent-backed securitization， the assessment of patent portfolios’ value in the patent-backed securitization is the core process.In practice, the asset pools are mostly constructed by patent portfolios in order to reduce risks. In this paper, a trinomial tree pricing model with mode conversion algorithm is explored according to the characteristics of this type of patent portfolio; with the purpose to accomplish the assessment of patent portfolios’ value in the patent-backed securitization. Example analysis shows that this model is capable of an accurate assessment of this type of patent portfolios, thus to ensure the process of patent-backed securitizations and to facilitate the benign circle of fund supply-and-demand in independent innovations. |
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