论专利资产证券化的法律监管及风险防范

发布时间：2018-03-09 15:54

本文选题：专利资产　切入点：证券化　出处：《西南科技大学》2017年硕士论文　论文类型：学位论文

【摘要】：近年来,随着国家将加强知识产权金融服务作为知识产权工作服务经济社会创新发展、支撑创新型国家建设的重要手段,知识产权金融在知识产权战略中的重要意义越发突出。对于投融资而言,专利资产证券化让缺乏运作资金但拥有专利技术的企业有了新的融资手段;对于专利技术而言,证券化使得原本闲置的专利技术充分发挥其经济价值,因此我们对这一融资手段应当予以支持。但是,作为一种融资手段,专利资产证券化无可避免地会面临一系列风险。通过对专利资产证券化过程分析,本文发现专利资产证券化过程中会出现大量的风险,而这其中的风险大致存在在专利资产重组、专利资产信用增级、专利资产证券化这三个环节中。其中的部分风险属于不可预防的风险,而部分风险是可以预防的,不可预防的风险不在本文讨论范围内。而可预防风险产生的原因主要在于这三个环节均存在一个核心的市场主体,即特殊目的机构、信用评级机构、证券销售与交易主体,该市场主体会基于对经济利益的追逐从而损害投资者利益,带来市场风险。本文认为如果通过对专利资产证券化过程中的相关市场主体进行法律监管,保证信息的公开性,保证投资者利益,以减少人为因素带来的风险,从而可以推动专利资产证券化的发展。而什么样的法律监管可以较好的防范该类人为风险呢?本文通过查找相关国家和地区关于专利资产证券化的法律监管及风险防范途径,最后得出保证特殊目的机构的特殊性、对信用评级机构实行强监管制度,并围绕证券发行中的信息公开性对专利资产销售与交易主体进行约束是一套可供我国在专利资产证券化过程中选择的法律监管及风险防范的路径模式。
[Abstract]:In recent years, with the strengthening of IPR financial services as an important means for IPR work to serve the economic and social innovation and development and support the building of an innovative country, The importance of intellectual property finance in intellectual property strategy is becoming more and more prominent. For investment and financing, the securitization of patent assets provides new financing means for enterprises that lack operating capital but owns patent technology; for patent technology, Securitization allows the previously idle patented technology to give full play to its economic value, so we should support this means of financing. However, as a means of financing, Patent asset securitization will inevitably face a series of risks. Through the analysis of the process of patent asset securitization, this paper finds that there will be a large number of risks in the process of patent asset securitization. And the risks are roughly in the three links of the reorganization of patent assets, the credit enhancement of patent assets, and the securitization of patent assets. Some of the risks are non-preventable risks, while some risks can be prevented. The main reason for the occurrence of preventable risk lies in the existence of a core market entity in these three links, that is, special purpose agency, credit rating agency, securities sales and trading body. Based on the pursuit of economic interests, this market subject will harm the interests of investors and bring about market risks. This paper holds that if the relevant market subjects in the process of patent asset securitization are regulated by law, the publicity of information can be ensured. To ensure the interests of investors in order to reduce the risk brought by human factors, so as to promote the development of securitization of patent assets. And what kind of legal regulation can better guard against this kind of artificial risk? By looking up the legal supervision and risk prevention approaches of patent asset securitization in relevant countries and regions, this paper draws the conclusion that the particularity of the special purpose agencies is guaranteed, and the credit rating agencies are subject to a strong supervision system. And the restriction on the subject of patent asset sale and transaction around the information openness of securities issuance is a set of path mode for our country to choose legal supervision and risk prevention in the process of patent asset securitization.
【学位授予单位】：西南科技大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：D922.287

【相似文献】