风险是影响知识产权质押融资业务成败的关键要素。本文从系统视角剖析了知识产权质押融资风险的影响因素,构建了政府与产业风险、信用风险、知识产权自身风险、操作风险和主体间关系风险5个维度38个具体指标的风险评价体系；运用Vague集和TOPSIS多属性决策方法,构造Vague集评判矩阵,建立TOPSIS评价模型,根据不同备选方案的欧式贴近度进行排序,从而评价其融资风险。研究发现,信用风险和主体间关系风险是导致知识产权质押融资风险涌现的主要因素,Vague集和TOPSIS相结合的方法能够有效地评价知识产权质押融资风险,为优选融资企业提供决策依据。

The key factor affecting the intellectual property pledge is the risk. This paper analyzes the influencing factors of intellectual property pledge financing risk from the system views, builds the risk evaluation index system which includes 38 indexes from 5 dimensions: government and industry risks, credit risks, intellectual property rights risks, operational risks and relationship risks among participants. The Vague and TOPSIS methods are used and evaluation matrix of Vague sets is build. The financing risks of different alternatives are sorted by Euclid Approach Degree. The results show that the credit risks and relationship risks among participants are the main factors which lead to the risk of intellectual property pledge financing; the method of combining of Vague with TOPSIS can effectively evaluate the risk of intellectual property pledge financing and provide the decision-making of optimization of financing enterprises.

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国家社会科学基金项目“基于第三方风险动态监控平台的知识产权质押融资模式研究”（14BGL034）；北京社科基金重点项目“知识产权质押融资风险形成机理与风险动态共担机制设计”（15JGA003）；北京市教委市属高校创新能力提升计划项目“北京市知识产权商用化运营机制及政策研究”（PXM2016_ 014209_ 000018_ 00202730_ FCG