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

Xiangyu Ge, Ying Jin, Qing Li, Xiaofang Yao, Shican Liu and Dehua Shen

Discrete Dynamics in Nature and Society, 2021, vol. 2021, 1-11

Abstract: 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.

Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://downloads.hindawi.com/journals/ddns/2021/2048811.pdf (application/pdf)
http://downloads.hindawi.com/journals/ddns/2021/2048811.xml (application/xml)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:2048811

DOI: 10.1155/2021/2048811

Access Statistics for this article

More articles in Discrete Dynamics in Nature and Society from Hindawi
Bibliographic data for series maintained by Mohamed Abdelhakeem ().