| Summary: | 碩士 === 國立臺北大學 === 會計學系 === 91 === The mean of market value/book value for American listed corporations is increased from 0.82 to 1.692. It reveals that the difference between the value shown in company’s balance sheet and the value evaluated by investors is getting more. The difference is intellectual capital. Therefore the development of knowledge economy has become a current driving force to make enterprise regrow. In facing with the rapid international monetary market transition, the channel of gathering money varies and the enterprise with more channels gathers money more easily. And more enterprises, not having enough tangible collateral, use intellectual property as their major estate owing to the transformation of industries. It is hard to evaluate the value of intellectual property by the people outside this field and it involves time duration factor, conventional estate evaluation criteria is not applicable, not like tangible property which can be easily evaluated and quantified. Therefore it is necessary to establish an evaluation system and method acceptable by bank and enterprise to let enterprise use intellectual property to get money, increase more money-gathering pathes, develop monetary market and facilitate debit more multiplex.
Law of Intellectual property has been reviewed. The amendment and law-making results not only have significant effect on industry running, but also affect the success of the upgrade for industry. In the case of clear protection of Intellectual property , the subject will be the creation and application of Intellectual property. The problem with gathering money by using Intellectual property as collateral is how to evaluate the value of Intellectual property. From both theory and practice standpoints, Intellectual property evaluation is very subjective. How to establish an optimistic evaluation system and method acceptable by bank to use Intellectual property as collateral and how to establish a fair and optimistic scheme are worth further investigating. It is the object of the research to investigate the factors affecting Intellectual property evaluation and provide the recommendation of establishing an Intellectual property financial valuation scheme.
This study is based on the bank and the enterprise owned Intellectual property, using roll investigating and visiting method. Analyze the results from bank manager and financial department people and study Intellectual property financial evaluating factors being acceptable by both bank and enterprise. It is expected that the viewpoints of bank and enterprise could be considered when the financial policy of intellectual property is pushed by government.
It reveals that the factors affecting financial of Intellectual property, based on the weight of importance , are listed as follows: the present and future economy effect of Intellectual property , whether Intellectual property is independent of the use of other contracts, the establishment of Intellectual property system and the type, shelf life of Intellectual property set by loanee, third party warrant and the product , service and business process (such as program, marketing strategy etc) created. Finally, banker must recognize the owner of Intellectual property and registration condition, if they can not certify all of the above, the value of Intellectual property equals zero to banker. To summarize the study and associated references financial of Intellectual property can be evaluated by five aspects: company management strategy, inside control; technology patent etc; marketing; the present and future economy effect of Intellectual property. Among them cost approach preferred, market approach is most preferred, income approach is particularly preferred. In principle all these three approaches can be employed and can be reference each other. In addition, bank may only accept to use patent as collateral due to the risk of financial occupation.
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