化“知”为“资”:科创企业知识产权证券化影响因素的组态效应研究

Transformation of"Knowledge"into"Capital":A Study on the Configuration Effect of Influencing Factors of Intellectual Property Securitization in Scientific and Creative Enterprises

在理论分析的基础上构建组态效应模型,利用fsQCA分析知识产权商业化前景、科创企业发展潜力、交易结构可靠性三个方面的因素对知识产权证券化的影响机制。基于上述研究,得出如下结论:技术成熟度、科创企业发展潜力、创新能力是证券化顺利实施的关键因素,即有发展潜力的科创企业拥有高质量的知识产权时,必然可通过知识产权证券化顺利融资;知识产权商业化前景是科创企业发展潜力更为核心的决定性因素。

This paper builds a configuration effect model,and uses fsQCA to analyze the influence mechanism of three factors on intellectual property securitization:the prospect of intellectual property commercialization,the development potential of scientific and creative enterprises,and the reliability of transaction structure.Based on the above research,the following conclusions are drawn:technology maturity,development potential and innovation ability are the key factors for the smooth implementation of securitization.When technology entrepreneur company with development potential have high quality intellectual property rights,they will be able to successfully raise financing through intellectual property securitization.