本文關鍵詞： 種業(yè) 金融 產業(yè)鏈 知識產權資本化 投融資服務平臺　出處：《中國農業(yè)大學》2017年博士論文　論文類型：學位論文

【摘要】：種業(yè)是農業(yè)的核心,也是農業(yè)供給側結構性改革和綠色發(fā)展的邏輯起點。金融是經濟的血液,金融服務是推動現代種業(yè)發(fā)展的重要引擎。然而,受制于種業(yè)不確定性大、回報周期長、信息不對稱和不完備等因素制約,種業(yè)發(fā)展的金融服務面臨現實困難,具體表現在:從種業(yè)產業(yè)鏈上游來看,種業(yè)知識產權估值難;從種業(yè)產業(yè)鏈下游來看,種子生產主體與用種主體之間風險分擔與管理難;從種業(yè)全產業(yè)鏈來看,組織化程度還較低。針對這些難點,需要根據種業(yè)產業(yè)鏈環(huán)節(jié)特點、風險承擔主體特征以及金融需求,提出一定的理論解釋和設計有針對性的解決方案來推動種業(yè)金融服務發(fā)展,為破解種業(yè)發(fā)展金融困境、提高種業(yè)競爭力做出貢獻。本文按照系統認識問題——分析問題——解決問題的整體思路,從種業(yè)產業(yè)鏈視角,應用多種學科理論和方法,將理論與實務納入統一的分析框架,對種業(yè)發(fā)展的金融服務模式問題進行系統性研究,并給出數值分析和案例分析供決策參考。具體而言,全文共分為五個部分:第一部分是系統認識,界定相關概念,分析我國種業(yè)整體發(fā)展現狀與趨勢特征,通過調查發(fā)現種業(yè)金融需求規(guī)模大、多元化、全鏈條需求趨勢明顯,但普遍面臨金融困境�；诖�,結合相關理論和金融實務,創(chuàng)新性地提出產業(yè)鏈視角種業(yè)發(fā)展金融服務模式研究的系統分析框架。第二部分是種業(yè)發(fā)展金融服務的一般方式,分析種業(yè)發(fā)展金融服務一般方式(政策性金融、商業(yè)銀行、多層次資本市場)的現狀、機制以及典型模式,綜合比較各方式的優(yōu)勢與局限性,為產業(yè)鏈視角種業(yè)發(fā)展金融服務研究奠定基礎。在理論上,給出了信用擔保機制作為一種增信機制對銀行、種子企業(yè)、信用擔保機構進行帕累托改進條件,可以增加社會對信用擔保機制的認識。第三部分是種業(yè)上游的金融服務模式,該部分主要是抓住種業(yè)知識產權在種業(yè)上游種子企業(yè)資產中占比較大的特征,建立了種業(yè)知識產權資本化價值評價指標體系,引入完全市場下的線性無差異定價法和不完全市場下的效用無差異定價法,分析了種業(yè)知識產權質押融資和證券化模式,并討論了金融機構向種子企業(yè)進行抵押貸款的決策。該部分的創(chuàng)新主要體現在應用上:提出針對種業(yè)知識產權特性的定價方法并給出數值分析結果;將金融機構貸款決策從外生風險敞口模型擴展到內生風險敞口模型;以順鑫農科的運行為案例提供了參考方案。第四部分是種業(yè)下游的金融服務模式,基于下游制種企業(yè)以及對接的用種主體特征與金融需求特點,該部分認為種業(yè)下游的金融服務的突破口在于利用金融實現風險分擔與管理,提出種業(yè)保險創(chuàng)新和保險——信貸聯動模式的解決方案。該部分的創(chuàng)新體現在:將演化博弈理論引入種業(yè)險種創(chuàng)新行為分析,并提供了供參考的數值分析和以隆平高科運行為案例的參考方案。第五部分是種業(yè)全鏈的金融服務模式,考慮到大型種子企業(yè)金融需求和金融供給多樣化的特征,該部分認為全鏈種子企業(yè)自身是其風險的實際承擔者、金融平臺組織形式在其中起到重要作用,為實現種業(yè)全鏈條不同類型主體的金融服務模式,提出種業(yè)投融資服務平臺模式構建的集成解決方案。將生物學和產業(yè)理論中的共生(Symbiosis)理論應用于平臺組織視角種業(yè)全鏈金融服務的機理分析,從線性互惠和非線性互惠兩方面給出理論解釋,發(fā)現互利共生對種業(yè)發(fā)展的金融服務模式具有積極影響,并以愛種網為例進行案例分析。最后總結了全文的主要結論和政策含義,提出了研究的不足和進一步研究的可能方向。
[Abstract]:Seed industry is the core of agriculture, agriculture and green development is the logical starting point of the supply side structural reforms. Finance is the blood of economy, financial services is an important engine to promote the development of modern seed industry. However, the seed industry is subject to large uncertainty, long payback period, restricting the information asymmetry and incomplete and other factors, the development of the seed industry facing financial services practical difficulties, specific performance in: from the seed industry chain, industry intellectual property valuation difficult; downstream from the seed industry chain, between the subject and the subject of seed production with risk sharing and management difficult; from the seed industry chain, the degree of organization is low. Aiming at these difficulties, according to the characteristics of seed industry chain, risk subject characteristics and financial needs, put forward the theory explanation and design some targeted solutions to promote the development of financial services industry, as a kind of crack The development of the financial industry to improve the competitiveness of the seed industry predicament, make a contribution. Based on systematic analysis of the overall idea -- understanding of the problem - to solve the problem, from the perspective of industry chain, the application of a variety of theories and methods, the theory and practice into a unified analysis framework, the systematic study of the problem of financial service mode for the development of the seed industry, and numerical analysis and case analysis are presented for reference. Specifically, the text is divided into five parts: the first part is the system of knowledge, the definition of related concepts and the analysis of China's seed industry overall development status and trend characteristics, through the survey found that the scale of the financial needs of seed industry, diversification trend, the whole chain of demand is obvious, but generally faced financial difficulties. Based on this, combined with the theory and practice of financial analysis, system framework. Puts forward the innovative research and development of financial services industry chain from the perspective of the seed pattern The two part is a general way of seed industry development of financial services, financial services and general analysis of seed industry development (policy finance, commercial bank, multi-level capital market) situation, mechanism and typical patterns, advantages and limitations of the comprehensive comparison of the way, to lay the foundation for the industrial chain angle of view the development of seed industry financial services research in theory. That gives the credit guarantee mechanism as a mechanism of bank credit, seed companies, credit guarantee agencies to improve the conditions of Pareto, can increase the awareness of the credit guarantee mechanism. The third part is the upstream industry financial service mode, this part is mainly to seize the seed of intellectual property accounted for relatively large features in the upstream of seed enterprises the seed industry assets, establish the evaluation index system of seed industry capitalization of intellectual property value, the introduction of linear complete market indifference pricing and incomplete market. 鏁堢敤鏃犲樊寮傚畾浠鋒硶,鍒嗘瀽浜嗙涓氱煡璇嗕駭鏉冭川鎶艱瀺璧勫拰璇佸埜鍖栨ā寮，

本文編號：1540036