Год выпуска: 2012 Автор: Alexander C.K. Kirsch Издательство: Страниц: 160 ISBN: 3639402847
Описание
Revision with unchanged content. Funding corporates with high expenditures for reseach and development and an asset side that is hence characterized by a high portion of intangible assets is one of the most challenging disciplines in corporate finance. Due to the still existing lack of pragmatic and sophisticated evaluation methods for intellectual property, these corporatesa?? dependence on bank lending does not seem to end in the nearer term. Starting with the Bowie Bonds in 1997, securitization of intellectual property as a potential funding alternative appeared on the scene. Capital market investors now have the opportunity to diversify their portfolios with unique investments such as royalties from sales of an AIDS drug, revenues from James Browna??s music or even the success of the latest Hollywood blockbusters. Ten years after the first transaction was closed, today most of these corporates still depend on bank lending. Based on an introduction of general challenges...
