Research On Risk Identification And Control Of Corporate Intellectual Property Securitizatio

Currently,the national strategy of building an intellectual property powerhouse and innovation-driven development is gradually advancing.Enterprises as the main body of scientific and technological innovation,IP are gradually replacing tangible assets to form a new core competitiveness.Since 2015,China has promoted and vigorously developed intellectual property securitization,encouraged exploration of innovation in intellectual property financing models,carried out relevant financial businesses,and established intellectual property securitization financing pilot projects.Although the prospect trend is positive,achieving high-quality development is still limited by the characteristics of IP,the complexity of securitization transaction structure,the instability of macro environment and other factors.Financing risks accompany the whole process of asset securitization,and directly affect the stability and continuity of capital chain.Based on existing theoretical models and typical practices,this paper takes the first intellectual property securitization product in Shandong Province-"Yeda Zhirong2021" as case.Systematic risk identification and analysis are conducted from four aspects: IP object,basic asset construction,transaction structure design and macro control.On this basis,the risk control research is carried out.First,combined the securitization practices of "Qiyi Century" and Royalty Pharma,it is pointed out from a micro perspective that in securitization,the reasonable construction of basic assets is the foundation,the timely performance of participants is the key,and various credit enhancement measures is the guarantee.Secondly,based on the practical experience of risk control,risk control measures such as clarifying the status and evaluating the value of IP,reasonably constructing a basic asset pool,stably predicting cash flows,and establishing the credit prevention system of participating institutions are proposed.From a macro perspective,it is necessary to strengthen the guidance of intellectual property policies,improve the registration and publicity system,market transaction mechanism and industry service formats of IP.The purpose of this study is to provide references for enterprises financing risk management of intellectual property securitization,ensure the stability of the entire process of securitization,solve financing difficulties and simultaneously force the high-quality development of intellectual property undertakings to promote market-oriented operation of intellectual property.