Research On Valuation Of Patent Pledged Financing From The Perspective Of Risk Control

Patent pledge financing is an emerging financing channel and an indispensable part of intellectual property pledge financing.It refers to the property rights in the patent right that a company or an individual legally owns,and is evaluated as a pledge by the evaluation agency.,the financing activities for applying for loans to financial institutions such as banks.Since the financial crisis in 2008,financing difficulties have been an important issue for SMEs,which has seriously hindered the development of SMEs.As a new financing channel,patent pledge financing has broadened the financing channels for light-sales technology-based SMEs,and has alleviated the financing pressure of SMEs to a certain extent.At present,China is vigorously promoting the development of patent pledge financing,and the pilot project of patent pledge financing across the country is being actively carried out.At present,China is vigorously promoting industrial restructuring and supply-side structural reforms,and more needs the power of innovation.The close combination of patent rights and finance will provide incentives for innovation and will play a vital role in such a critical period.In the environment of mass entrepreneurship and innovation,the entrepreneurial innovation momentum is rapid and blossoming.The technology-based enterprises are developing rapidly in quantity and scale,and the financing demand is more vigorous.It promotes the development of patent pledge financing and also pledges patent rights.The standardization and specialization put forward higher requirements.This paper discusses the valuation method of patent pledge financing,considers the uncertain factors,introduces quantitative analysis,which improves the accuracy and reference value of the evaluation results,and promotes the development of China's assessment industry to a certain extent.Introduce evaluation cases,evaluate them using Monte Carlo simulation improved income method and traditional income method,and compare the results to draw conclusions and look to the future.This paper studies the valuation of patent pledge financing from the perspective of bank risk control.Through the combing of the existing literature,the risk factors in the patent pledge financing are summarized comprehensively,and the risk factors are divided into legal risk,credit risk,assessment risk and economic risk by combining the analysis of China's patent pledge financing mode.4 major categories.By allocating these four types of risks among the various parties involved in the patent pledge financing,it is clear what risks the banks should bear and analyze which of these riskswill affect the evaluation value of the pledge patents,thus constructing a valuation model.The final analysis shows that the uncertainty of future earnings caused by economic risks is the main factor affecting the assessment results.Therefore,this paper uses Monte Carlo simulation to improve the traditional income method,so that the valuation model can reflect the uncertainty of future earnings caused by economic risks in patent pledge financing,and quantify the risk.By comparing the traditional income method with the Monte Carlo simulation improved income method,the evaluation value of the traditional income method is a fixed value,and the Monte Carlo simulation improved income method can obtain a valuation interval.This is because Monte Carlo simulation improved the income method to quantify the uncertainty factor,considering the volatility of the variable,so that the obtained evaluation value also fluctuates within a reasonable interval,which can give the user of the evaluation result a greater choice.range.At the same time,Monte Carlo simulation can also obtain the expected value of the evaluation result.The expected value is based on the determined probability distribution model,and to some extent,it can better reflect the risk characteristics of future cash flow.