种业发展的金融服务模式研究

发布时间：2018-02-26 23:01

  本文关键词： 种业 金融 产业链 知识产权资本化 投融资服务平台　出处：《中国农业大学》2017年博士论文　论文类型：学位论文

【摘要】：种业是农业的核心,也是农业供给侧结构性改革和绿色发展的逻辑起点。金融是经济的血液,金融服务是推动现代种业发展的重要引擎。然而,受制于种业不确定性大、回报周期长、信息不对称和不完备等因素制约,种业发展的金融服务面临现实困难,具体表现在:从种业产业链上游来看,种业知识产权估值难;从种业产业链下游来看,种子生产主体与用种主体之间风险分担与管理难;从种业全产业链来看,组织化程度还较低。针对这些难点,需要根据种业产业链环节特点、风险承担主体特征以及金融需求,提出一定的理论解释和设计有针对性的解决方案来推动种业金融服务发展,为破解种业发展金融困境、提高种业竞争力做出贡献。本文按照系统认识问题——分析问题——解决问题的整体思路,从种业产业链视角,应用多种学科理论和方法,将理论与实务纳入统一的分析框架,对种业发展的金融服务模式问题进行系统性研究,并给出数值分析和案例分析供决策参考。具体而言,全文共分为五个部分:第一部分是系统认识,界定相关概念,分析我国种业整体发展现状与趋势特征,通过调查发现种业金融需求规模大、多元化、全链条需求趋势明显,但普遍面临金融困境。基于此,结合相关理论和金融实务,创新性地提出产业链视角种业发展金融服务模式研究的系统分析框架。第二部分是种业发展金融服务的一般方式,分析种业发展金融服务一般方式(政策性金融、商业银行、多层次资本市场)的现状、机制以及典型模式,综合比较各方式的优势与局限性,为产业链视角种业发展金融服务研究奠定基础。在理论上,给出了信用担保机制作为一种增信机制对银行、种子企业、信用担保机构进行帕累托改进条件,可以增加社会对信用担保机制的认识。第三部分是种业上游的金融服务模式,该部分主要是抓住种业知识产权在种业上游种子企业资产中占比较大的特征,建立了种业知识产权资本化价值评价指标体系,引入完全市场下的线性无差异定价法和不完全市场下的效用无差异定价法,分析了种业知识产权质押融资和证券化模式,并讨论了金融机构向种子企业进行抵押贷款的决策。该部分的创新主要体现在应用上:提出针对种业知识产权特性的定价方法并给出数值分析结果;将金融机构贷款决策从外生风险敞口模型扩展到内生风险敞口模型;以顺鑫农科的运行为案例提供了参考方案。第四部分是种业下游的金融服务模式,基于下游制种企业以及对接的用种主体特征与金融需求特点,该部分认为种业下游的金融服务的突破口在于利用金融实现风险分担与管理,提出种业保险创新和保险——信贷联动模式的解决方案。该部分的创新体现在:将演化博弈理论引入种业险种创新行为分析,并提供了供参考的数值分析和以隆平高科运行为案例的参考方案。第五部分是种业全链的金融服务模式,考虑到大型种子企业金融需求和金融供给多样化的特征,该部分认为全链种子企业自身是其风险的实际承担者、金融平台组织形式在其中起到重要作用,为实现种业全链条不同类型主体的金融服务模式,提出种业投融资服务平台模式构建的集成解决方案。将生物学和产业理论中的共生(Symbiosis)理论应用于平台组织视角种业全链金融服务的机理分析,从线性互惠和非线性互惠两方面给出理论解释,发现互利共生对种业发展的金融服务模式具有积极影响,并以爱种网为例进行案例分析。最后总结了全文的主要结论和政策含义,提出了研究的不足和进一步研究的可能方向。
[Abstract]:Seed industry is the core of agriculture, agriculture and green development is the logical starting point of the supply side structural reforms. Finance is the blood of economy, financial services is an important engine to promote the development of modern seed industry. However, the seed industry is subject to large uncertainty, long payback period, restricting the information asymmetry and incomplete and other factors, the development of the seed industry facing financial services practical difficulties, specific performance in: from the seed industry chain, industry intellectual property valuation difficult; downstream from the seed industry chain, between the subject and the subject of seed production with risk sharing and management difficult; from the seed industry chain, the degree of organization is low. Aiming at these difficulties, according to the characteristics of seed industry chain, risk subject characteristics and financial needs, put forward the theory explanation and design some targeted solutions to promote the development of financial services industry, as a kind of crack The development of the financial industry to improve the competitiveness of the seed industry predicament, make a contribution. Based on systematic analysis of the overall idea -- understanding of the problem - to solve the problem, from the perspective of industry chain, the application of a variety of theories and methods, the theory and practice into a unified analysis framework, the systematic study of the problem of financial service mode for the development of the seed industry, and numerical analysis and case analysis are presented for reference. Specifically, the text is divided into five parts: the first part is the system of knowledge, the definition of related concepts and the analysis of China's seed industry overall development status and trend characteristics, through the survey found that the scale of the financial needs of seed industry, diversification trend, the whole chain of demand is obvious, but generally faced financial difficulties. Based on this, combined with the theory and practice of financial analysis, system framework. Puts forward the innovative research and development of financial services industry chain from the perspective of the seed pattern The two part is a general way of seed industry development of financial services, financial services and general analysis of seed industry development (policy finance, commercial bank, multi-level capital market) situation, mechanism and typical patterns, advantages and limitations of the comprehensive comparison of the way, to lay the foundation for the industrial chain angle of view the development of seed industry financial services research in theory. That gives the credit guarantee mechanism as a mechanism of bank credit, seed companies, credit guarantee agencies to improve the conditions of Pareto, can increase the awareness of the credit guarantee mechanism. The third part is the upstream industry financial service mode, this part is mainly to seize the seed of intellectual property accounted for relatively large features in the upstream of seed enterprises the seed industry assets, establish the evaluation index system of seed industry capitalization of intellectual property value, the introduction of linear complete market indifference pricing and incomplete market. 鏁堢敤鏃犲樊寮傚畾浠锋硶,鍒嗘瀽浜嗙�嶄笟鐭ヨ瘑浜ф潈璐ㄦ娂铻嶈祫鍜岃瘉鍒稿寲妯″迹�

本文编号：1540036