本文關鍵詞：基于文化產(chǎn)權交易所的藝術品金融化模式研究　出處：《陜西師范大學》2013年碩士論文　論文類型：學位論文

  更多相關文章： 文化產(chǎn)權交易所 藝術 金融

【摘要】：藝術品金融化模式與市場化形態(tài)的路徑對應,可以遵循藝術資源—商品化—產(chǎn)權化—資產(chǎn)化—資本化(證券化)的發(fā)展演化過程逐步展開。本文通過藝術品產(chǎn)權化對應藝術授權和藝術品投資產(chǎn)權組合、藝術品資產(chǎn)化對應藝術銀行和藝術品質押融資、藝術品資本化對應藝術基金和藝術品信托、藝術品證券化對應基于經(jīng)營收益權的藝術品權益拆分和藝術期權等多種業(yè)務模式的分析,理清文化產(chǎn)權交易所框架下藝術品金融化的脈絡,對基于文化產(chǎn)權交易所的藝術品金融化模式的選擇標準和體系構建提出全新的見解,同時對文化產(chǎn)權交易所的業(yè)務轉型和陜西的藝術金融發(fā)展得出有益啟示。 通過金融化模式運營促成產(chǎn)權交易機制作為社會化、大眾化的資本市場,在藝術品交易體系中建立作為核心和基礎的平臺地位,以文化產(chǎn)權交易所為中心,綜合銀、證、信、保等金融機構推動構建藝術品確權、鑒定、評估、定價的信用價值流轉機制。同時,探討后份額化時代文化產(chǎn)權交易所藝術品業(yè)務模式可能性,一是基于經(jīng)營收益權的藝術品證券化,一是藝術期權形式的金融衍生工具產(chǎn)品。 本研究的特色和創(chuàng)新在于市場化形態(tài)各階段與藝術品金融化模式的對應,在文化產(chǎn)權交易所框架下理清藝術品金融化的發(fā)展脈絡,以及由此推斷的更高形式的金融化方式的可行性,即基于收益權的資產(chǎn)證券化和金融衍生工具業(yè)務。根據(jù)現(xiàn)狀論述和案例研究,梳理藝術品金融化業(yè)務運作模式,分析提出文化產(chǎn)權交易所藝術品金融化模式選擇和體系建立的標準,對文化產(chǎn)權交易所藝術金融業(yè)務轉型及發(fā)展方向提供有價值的結論和建議。 考量市場交易原則、產(chǎn)權歸屬程度、信息披露要求、風險防范措施和資產(chǎn)配置功能五個標準,基于文化產(chǎn)權交易所的藝術品金融化體系構建可以通過第二價格密封拍賣機制、藝術品投資產(chǎn)權組合、藝術租賃融資、藝術品消費信貸等模式和途徑,推動藝術品市場金融化由生產(chǎn)型、投資型金融到消費型金融過渡和轉變,充分發(fā)揮資本市場融通資金、擴大市場規(guī)模、提高交易活躍程度、優(yōu)化資源配置效率的功用。
[Abstract]:The pattern of art financialization corresponds to the path of marketization. The development and evolution of art resources, commercialization, property right, assets and capitalization (securitization) can be followed step by step. Art capital corresponds to art bank and art pledge financing, art capitalization corresponds to art fund and art trust. Art securitization corresponds to the analysis of various business models, such as the split of art rights based on the right of operating income and the art option, to clarify the context of the financialization of art under the framework of the cultural property exchange. This paper puts forward a new opinion on the choice standard and system construction of the art financialization model based on the cultural property right exchange, at the same time, it gives a beneficial enlightenment to the business transformation of the cultural property right exchange and the development of art finance in Shaanxi. Through the operation of financialization mode, the mechanism of property right transaction, as a socialized and popular capital market, is established as the core and foundation of the art trading system, with the cultural property exchange as the center. Comprehensive banking, securities, credit, insurance and other financial institutions to promote the establishment of the right to art, appraisal, evaluation, pricing of credit value flow mechanism. This paper discusses the possibility of the art business model of the cultural property exchange in the post-quota era, one is the securitization of art based on the right of operating income, the other is the financial derivative product in the form of art option. The characteristics and innovation of this study lie in the correspondence between the various stages of the market-oriented form and the model of art financialization, and in the framework of the cultural property exchange, it clarifies the development context of the financialization of works of art. And the feasibility of a higher form of financialization, I. E. asset securitization and financial derivatives business based on income rights. Combing the operation mode of the art financialization business, this paper analyzes and puts forward the standards for the choice of the art financialization mode and the establishment of the system in the cultural property rights exchange. It provides valuable conclusions and suggestions for the transformation and development direction of art finance business of cultural property exchange. Consider the market transaction principle, ownership of property rights, information disclosure requirements, risk prevention measures and asset allocation function of five standards. The construction of art financialization system based on cultural property exchange can be done through the second price sealed auction mechanism, art investment portfolio, art leasing financing, art consumption credit and so on. We will promote the transition and transformation of the art market from production-type, investment-oriented finance to consumption-oriented finance, give full play to capital market financing, expand the scale of the market, and increase the level of trading activity. Optimize the efficiency of resource allocation.
【學位授予單位】：陜西師范大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F832.5

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