{"product_id":"intellectual-property-securitization-alternative-funding-source-in-corporate-finance-von-alexander-c-k-kirsch","title":"Intellectual Property Securitization","description":"\u003cp\u003eRevision 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 corporates'  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 Brown'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 of corporate funding, the author  Alexander C. Kirsch provides a broad overview of the world of intellectual property.  Extensive market research and practical examples help to explain benefits and drawbacks  of the securitization instrument in that context.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783639402841\"\u003e\u003ch3\u003eAlternative Funding Source  in Corporate Finance\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783639402841","offer_id":39439398207581,"sku":"9783639402841","price":59.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/ab0c17c8-c904-4c64-b941-5019d8f23406.jpg?v=1774679580","url":"https:\/\/shop.autorenwelt.de\/products\/intellectual-property-securitization-alternative-funding-source-in-corporate-finance-von-alexander-c-k-kirsch","provider":"Autorenwelt Shop","version":"1.0","type":"link"}