Research on a Dynamic Evaluation of Financial Risks of Intellectual Property Pledge Financing of High-Tech Enterprises

Intellectual property pledge financing is effective in alleviating the financing problems of scientific and technological enterprises to a certain extent. However, compared with traditional loans, intellectual property pledge financing is at greater risk with an eye to the particularity of intellect...

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Main Authors: Xiangyu Ge, Ying Jin, Qing Li, Xiaofang Yao, Shican Liu
Format: Article
Language:English
Published: Wiley 2021-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2021/2048811
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author Xiangyu Ge
Ying Jin
Qing Li
Xiaofang Yao
Shican Liu
author_facet Xiangyu Ge
Ying Jin
Qing Li
Xiaofang Yao
Shican Liu
author_sort Xiangyu Ge
collection DOAJ
description Intellectual property pledge financing is effective in alleviating the financing problems of scientific and technological enterprises to a certain extent. However, compared with traditional loans, intellectual property pledge financing is at greater risk with an eye to the particularity of intellectual property pledges. Therefore, it is very important to evaluate the risk of intellectual property pledge financing. This article first outlines the information entropy method, functionalizing indicator data and weight data, and applies the combination of the weight function and indicator function in dynamic evaluation function, to get the final evaluation result. Second, taking four high-tech listed companies on the growth enterprises market (GEM) as example, an evaluation indicator system has been constructed with 16 relevant financial indicators from 2015 to 2019. Then, based on the dynamic function method, we can construct the evaluation function to describe the change trend of the financial indicators of enterprises with a comparison of the advantages and disadvantages of the financial indicators of enterprises. Finally, this article has made a comprehensively comparative analysis on the dynamic evaluation, and the financial risk of intellectual property pledge financing of high-tech enterprises has been done with the combination of the dynamic evaluation curve with the optimal time weight determined by the maximum entropy method.
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spelling doaj-art-d9d2a05de7d34c2a9570a6ee6d2b924c2025-08-20T03:24:24ZengWileyDiscrete Dynamics in Nature and Society1607-887X2021-01-01202110.1155/2021/2048811Research on a Dynamic Evaluation of Financial Risks of Intellectual Property Pledge Financing of High-Tech EnterprisesXiangyu Ge0Ying Jin1Qing Li2Xiaofang Yao3Shican Liu4School of Statistics and MathematicsSchool of Statistics and MathematicsSchool of Statistics and MathematicsSchool of Statistics and MathematicsSchool of Statistics and MathematicsIntellectual property pledge financing is effective in alleviating the financing problems of scientific and technological enterprises to a certain extent. However, compared with traditional loans, intellectual property pledge financing is at greater risk with an eye to the particularity of intellectual property pledges. Therefore, it is very important to evaluate the risk of intellectual property pledge financing. This article first outlines the information entropy method, functionalizing indicator data and weight data, and applies the combination of the weight function and indicator function in dynamic evaluation function, to get the final evaluation result. Second, taking four high-tech listed companies on the growth enterprises market (GEM) as example, an evaluation indicator system has been constructed with 16 relevant financial indicators from 2015 to 2019. Then, based on the dynamic function method, we can construct the evaluation function to describe the change trend of the financial indicators of enterprises with a comparison of the advantages and disadvantages of the financial indicators of enterprises. Finally, this article has made a comprehensively comparative analysis on the dynamic evaluation, and the financial risk of intellectual property pledge financing of high-tech enterprises has been done with the combination of the dynamic evaluation curve with the optimal time weight determined by the maximum entropy method.http://dx.doi.org/10.1155/2021/2048811
spellingShingle Xiangyu Ge
Ying Jin
Qing Li
Xiaofang Yao
Shican Liu
Research on a Dynamic Evaluation of Financial Risks of Intellectual Property Pledge Financing of High-Tech Enterprises
Discrete Dynamics in Nature and Society
title Research on a Dynamic Evaluation of Financial Risks of Intellectual Property Pledge Financing of High-Tech Enterprises
title_full Research on a Dynamic Evaluation of Financial Risks of Intellectual Property Pledge Financing of High-Tech Enterprises
title_fullStr Research on a Dynamic Evaluation of Financial Risks of Intellectual Property Pledge Financing of High-Tech Enterprises
title_full_unstemmed Research on a Dynamic Evaluation of Financial Risks of Intellectual Property Pledge Financing of High-Tech Enterprises
title_short Research on a Dynamic Evaluation of Financial Risks of Intellectual Property Pledge Financing of High-Tech Enterprises
title_sort research on a dynamic evaluation of financial risks of intellectual property pledge financing of high tech enterprises
url http://dx.doi.org/10.1155/2021/2048811
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