摘要
针对互联网金融与专利质押结合的融资新模式,构建了借款企业与投资人之间信号博弈模型,分析了参与双方的策略选择以及均衡状态的影响因素。研究表明：考虑信息传递的动态性和不完全性,专利质押物可变现价值和信息掩饰成本是影响互联网金融市场均衡的关键因素。因此,提高P2P平台专利质押融资效率应通过加快知识产权交易平台建设,引入互联网融资征信机制,加强P2P平台融资项目的内部监管以及完善P2P平台信息披露机制等途径来实现。
Considering a new financial mode of P2P lending with patent as collateral, this paper constructs a signaling model of borrowers and investors on P2P lending and analyzes the participation strategy choice of both sides and the key factors in the model. Result shows that： owing to incompleteness and dynamic transmission of information, efficiency of market equi- librium will be influenced by the realizable value, information hiding costs and so on. Thus appropriate policies should be focused on construction of intellectual property rights trading platform, introduction of financing credit mechanism, strengthening internal supervision of P2P financing projects and improving the information disclosure mechanism of P2P platform.
作者
钱坤
潘玥
黄忠全
QIAN Kun;PAN Yue;HUANG Zhong-quan(School of Accounting, Nanjing University of Finance and Economics, Nanjing 210023;Jiangsu Wuxing Asset Appraisal Ltd. , Nanjing 210008)
出处
《软科学》
CSSCI
北大核心
2018年第6期108-112,118,共6页
Soft Science
基金
国家自然科学基金项目(71602083
71671080
71571099)
教育部人文社会科学基金青年项目(14YJCZH116)
江苏省高校哲学社会科学研究基金项目(2014SJB125)
江苏省高校品牌专业建设工程项目(会计学)
江苏高校优势学科建设工程项目(PAPD)
