知识产权证券化的风险及其控制研究

Risk and Control of Intellectual Property-backed Securitization

知识产权证券化不但是重要的金融创新,而且对知识经济的发展也具有重要的现实意义。但知识产权无形性、时间性等特点决定了知识产权证券化具有现金流不稳定和独特的法律风险。只要有适当的信息披露、合理的基础资产组合池,高效的管理制度和到位的风险补偿机制,知识产权证券化的风险就可以得到合理控制。

Intellectual property-backed securitization is not only an important financial innovation, but also is significant to the development of knowledge economy. But intangibility and timeliness of intellectual property causes instability of cash flow and legal risks. As long as there is proper information disclosure and reasonable combination pool of underlying asset, efficient management systems and risk compensation mechanism, intellectual property-backed securitization risks can be reasonably controlled.