The loan-to-value ratio decision model for the bank patent pledgefinancing with complete market pattern

Zhu Guojun; Xu Changxin

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Science Research Management ›› 2012, Vol. 33 ›› Issue (12) : 117-125.

The loan-to-value ratio decision model for the bank patent pledgefinancing with complete market pattern

Zhu Guojun^1,2, Xu Changxin²

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Abstract

The patent pledge financing for SMEs could effectively revitalize intangible assets, ease the financial pressure for the growth of SMEs. The core risk control indicators of the patent pledge financing, that is, the loan-to-value ratios are studied. Based on the game theory, the patent pledge financing loan-to-value ratio is the result of each game between the bank and business. The results conform to the Stackelberg leadership model, according to two dimensions involving business default risk and risk tolerance of bank, a game model is constructed and it is transformed into Nash Equilibrium for solving the problem. By using VaR risk measurement and other methods, loan-to-value ratio decision under different risk tolerance is researched, and the best loan-to-value ratio decision is determined. The study will provide important theoretical reference for loan-to-value ratio decision of patent pledge finance

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complete market pattern / patent pledge financing / loan-to-value ratio decision model

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Zhu Guojun, Xu Changxin. The loan-to-value ratio decision model for the bank patent pledgefinancing with complete market pattern[J]. Science Research Management. 2012, 33(12): 117-125

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