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| A Study of Evaluating the Patent Pledged to Finance Based on Risk Sharing |
| Gao Hua,Liu Chengcheng,Wang Xiaojie |
| School of Management，Tianjin University of Technology，Tianjin 300384，China |
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Abstract At present, the study about the evaluation of patent pledge financing mainly centered on the method of patent valuation, the influence factors of patent valuation and the risk of patent pledge financing, but there is little study on the combination of risk factor and valuation method.On the basis of the identification of patent pledge financing risk factors, this paper will build valuation model of the patent pledge financing on the point of bank and lending institution from the view of risk sharing.Through analysis, there are four risks in the process of patent pledge financing, and those risks are legal risk, assessing risk, credit risk and economic risk.The legal risks can be shared by law firm, and the assessing risk and credit risk that caused by the bank or the lending institution themselves shared by the lending institutions.Determination of the loan rate is based on the credit rating of the company.Monte Carlo Simulation will be used in this paper to quantify the economic risk which has directive impact on patent value.An example is analyzed and the conclusion is the value when considering the risk of patent pledge financing is less than the traditional incoming method.
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Received: 14 September 2016
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Corresponding Authors:
Gao Hua
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