{"id":"https://openalex.org/W7134827381","doi":"https://doi.org/10.1155/cplx/5511673","title":"Coevolutionary Institutional Design for the Transition From Government to Market Guarantees in Intellectual Property Securitization","display_name":"Coevolutionary Institutional Design for the Transition From Government to Market Guarantees in Intellectual Property Securitization","publication_year":2026,"publication_date":"2026-01-01","ids":{"openalex":"https://openalex.org/W7134827381","doi":"https://doi.org/10.1155/cplx/5511673"},"language":"en","primary_location":{"id":"doi:10.1155/cplx/5511673","is_oa":true,"landing_page_url":"https://doi.org/10.1155/cplx/5511673","pdf_url":null,"source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1155/cplx/5511673","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100866506","display_name":"Jiangping He","orcid":"https://orcid.org/0000-0002-2073-9529"},"institutions":[{"id":"https://openalex.org/I163340411","display_name":"Hohai University","ror":"https://ror.org/01wd4xt90","country_code":"CN","type":"education","lineage":["https://openalex.org/I163340411"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jiangping He","raw_affiliation_strings":["Business School ,  Hohai University ,  Nanjing ,  China ,  hhu.edu.cn"],"raw_orcid":"https://orcid.org/0000-0002-2073-9529","affiliations":[{"raw_affiliation_string":"Business School ,  Hohai University ,  Nanjing ,  China ,  hhu.edu.cn","institution_ids":["https://openalex.org/I163340411"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5059473957","display_name":"Shenbei Zhou","orcid":"https://orcid.org/0000-0002-6404-880X"},"institutions":[{"id":"https://openalex.org/I163340411","display_name":"Hohai University","ror":"https://ror.org/01wd4xt90","country_code":"CN","type":"education","lineage":["https://openalex.org/I163340411"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Shenbei Zhou","raw_affiliation_strings":["Business School ,  Hohai University ,  Nanjing ,  China ,  hhu.edu.cn"],"raw_orcid":"https://orcid.org/0000-0002-6404-880X","affiliations":[{"raw_affiliation_string":"Business School ,  Hohai University ,  Nanjing ,  China ,  hhu.edu.cn","institution_ids":["https://openalex.org/I163340411"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5088016308","display_name":"Yeqing Duan","orcid":"https://orcid.org/0000-0002-7952-3861"},"institutions":[{"id":"https://openalex.org/I163340411","display_name":"Hohai University","ror":"https://ror.org/01wd4xt90","country_code":"CN","type":"education","lineage":["https://openalex.org/I163340411"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Yeqing Duan","raw_affiliation_strings":["Business School ,  Hohai University ,  Nanjing ,  China ,  hhu.edu.cn"],"raw_orcid":"https://orcid.org/0000-0002-7952-3861","affiliations":[{"raw_affiliation_string":"Business School ,  Hohai University ,  Nanjing ,  China ,  hhu.edu.cn","institution_ids":["https://openalex.org/I163340411"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5059473957"],"corresponding_institution_ids":["https://openalex.org/I163340411"],"apc_list":{"value":2300,"currency":"USD","value_usd":2300},"apc_paid":{"value":2300,"currency":"USD","value_usd":2300},"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.46122713,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"2026","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.13429999351501465,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.13429999351501465,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10856","display_name":"Intellectual Property and Patents","score":0.0949999988079071,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.053599998354911804,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/pledge","display_name":"Pledge","score":0.8015000224113464},{"id":"https://openalex.org/keywords/securitization","display_name":"Securitization","score":0.725600004196167},{"id":"https://openalex.org/keywords/government","display_name":"Government (linguistics)","score":0.555899977684021},{"id":"https://openalex.org/keywords/collateral","display_name":"Collateral","score":0.47119998931884766},{"id":"https://openalex.org/keywords/intellectual-property","display_name":"Intellectual property","score":0.4399999976158142},{"id":"https://openalex.org/keywords/asset","display_name":"Asset (computer security)","score":0.4309000074863434},{"id":"https://openalex.org/keywords/pace","display_name":"Pace","score":0.34610000252723694},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"Emerging markets","score":0.3334999978542328}],"concepts":[{"id":"https://openalex.org/C2780643141","wikidata":"https://www.wikidata.org/wiki/Q819049","display_name":"Pledge","level":2,"score":0.8015000224113464},{"id":"https://openalex.org/C2780619108","wikidata":"https://www.wikidata.org/wiki/Q852175","display_name":"Securitization","level":2,"score":0.725600004196167},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.555899977684021},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5317999720573425},{"id":"https://openalex.org/C2777910564","wikidata":"https://www.wikidata.org/wiki/Q694563","display_name":"Collateral","level":2,"score":0.47119998931884766},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.45739999413490295},{"id":"https://openalex.org/C34974158","wikidata":"https://www.wikidata.org/wiki/Q131257","display_name":"Intellectual property","level":2,"score":0.4399999976158142},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.4309000074863434},{"id":"https://openalex.org/C2777526511","wikidata":"https://www.wikidata.org/wiki/Q691543","display_name":"Pace","level":2,"score":0.34610000252723694},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.3334999978542328},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.329800009727478},{"id":"https://openalex.org/C2780233690","wikidata":"https://www.wikidata.org/wiki/Q535347","display_name":"Transparency (behavior)","level":2,"score":0.32359999418258667},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.31850001215934753},{"id":"https://openalex.org/C178411942","wikidata":"https://www.wikidata.org/wiki/Q622657","display_name":"Market failure","level":2,"score":0.31369999051094055},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.31040000915527344},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.30390000343322754},{"id":"https://openalex.org/C144587487","wikidata":"https://www.wikidata.org/wiki/Q1369234","display_name":"Systemic risk","level":3,"score":0.29019999504089355},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.2809000015258789},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.2754000127315521},{"id":"https://openalex.org/C8505890","wikidata":"https://www.wikidata.org/wiki/Q605095","display_name":"Budget constraint","level":2,"score":0.26969999074935913},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2624000012874603},{"id":"https://openalex.org/C194232998","wikidata":"https://www.wikidata.org/wiki/Q1606712","display_name":"Transition (genetics)","level":3,"score":0.2533000111579895},{"id":"https://openalex.org/C206757995","wikidata":"https://www.wikidata.org/wiki/Q1665188","display_name":"Institutional investor","level":3,"score":0.25189998745918274},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.25130000710487366}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1155/cplx/5511673","is_oa":true,"landing_page_url":"https://doi.org/10.1155/cplx/5511673","pdf_url":null,"source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1155/cplx/5511673","is_oa":true,"landing_page_url":"https://doi.org/10.1155/cplx/5511673","pdf_url":null,"source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.4007726013660431,"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":47,"referenced_works":["https://openalex.org/W925379818","https://openalex.org/W1761682706","https://openalex.org/W1967253391","https://openalex.org/W1997657148","https://openalex.org/W1999448939","https://openalex.org/W2019796876","https://openalex.org/W2028165401","https://openalex.org/W2106098322","https://openalex.org/W2169667133","https://openalex.org/W2336918655","https://openalex.org/W2744786323","https://openalex.org/W2756128573","https://openalex.org/W2765949191","https://openalex.org/W2897194992","https://openalex.org/W2909621526","https://openalex.org/W2952605715","https://openalex.org/W2963780822","https://openalex.org/W2964797479","https://openalex.org/W2991456735","https://openalex.org/W3001432458","https://openalex.org/W3004751346","https://openalex.org/W3121160800","https://openalex.org/W3122718841","https://openalex.org/W3125027760","https://openalex.org/W3125670982","https://openalex.org/W3156742435","https://openalex.org/W3158654814","https://openalex.org/W3194700102","https://openalex.org/W4210712836","https://openalex.org/W4220856002","https://openalex.org/W4289884468","https://openalex.org/W4290973658","https://openalex.org/W4307038647","https://openalex.org/W4307244423","https://openalex.org/W4367835796","https://openalex.org/W4379619148","https://openalex.org/W4384130814","https://openalex.org/W4386314785","https://openalex.org/W4386547091","https://openalex.org/W4387886244","https://openalex.org/W4390684024","https://openalex.org/W4401305906","https://openalex.org/W4403529290","https://openalex.org/W4405075404","https://openalex.org/W4405175494","https://openalex.org/W4407857177","https://openalex.org/W7125595140"],"related_works":[],"abstract_inverted_index":{"Intellectual":[0],"property":[1],"(IP)":[2],"securitization":[3,65,210],"constitutes":[4],"a":[5,205],"complex":[6],"and":[7,16,31,50,79,103,121,200,207],"emerging":[8],"financial":[9],"ecosystem":[10],"that":[11,87,152],"connects":[12],"innovation\u2010driven":[13],"firms,":[14,78],"investors,":[15],"risk\u2010bearing":[17],"institutions.":[18],"Its":[19],"evolution":[20],"is":[21],"shaped":[22],"by":[23,185],"nonlinear":[24],"feedbacks":[25],"between":[26],"institutional":[27,113,187],"design,":[28],"asset":[29],"credibility,":[30],"market":[32,96,101,123],"confidence.":[33],"This":[34],"study":[35],"develops":[36],"an":[37],"agent\u2010based":[38],"simulation":[39],"model":[40,68],"to":[41,94],"examine":[42],"how":[43],"the":[44,51,59,63,135,146,192],"withdrawal":[45,110],"pace":[46],"of":[47,54,62,138,148,194],"government":[48,89,126],"guarantees":[49,127,165],"entry":[52],"timing":[53],"market\u2010based":[55,139],"guarantors":[56],"jointly":[57],"drive":[58],"dynamic":[60],"transition":[61,83],"IP":[64,209],"market.":[66],"The":[67,142],"captures":[69],"adaptive":[70,197],"interactions":[71],"among":[72],"heterogeneous":[73],"agents":[74],"including":[75],"governments,":[76],"guarantors,":[77],"investors":[80],"under":[81],"varying":[82],"scenarios.":[84],"Results":[85],"show":[86],"gradual":[88],"withdrawal,":[90],"synchronized":[91],"with":[92],"moderate":[93],"rapid":[95],"guarantor":[97],"entry,":[98],"generates":[99],"stable":[100],"growth":[102],"effective":[104,162],"risk":[105,140,158,198],"containment.":[106],"In":[107],"contrast,":[108],"premature":[109],"without":[111],"sufficient":[112],"substitutes":[114],"amplifies":[115],"systemic":[116],"risk,":[117],"undermines":[118],"investor":[119],"participation,":[120],"stalls":[122],"expansion.":[124],"Persistent":[125],"can":[128,178],"stabilize":[129],"early":[130],"markets":[131],"but":[132,177],"may":[133],"inhibit":[134],"endogenous":[136],"emergence":[137],"pricing.":[141],"analysis":[143],"also":[144],"investigates":[145],"role":[147],"collateral":[149],"requirements,":[150],"showing":[151],"strict":[153],"pledge":[154,172],"standards":[155],"constrain":[156],"downside":[157],"yet":[159],"are":[160],"less":[161],"than":[163],"external":[164],"when":[166],"high\u2010risk":[167],"participants":[168],"bypass":[169],"collateralization.":[170],"Loosening":[171],"rules":[173],"enhances":[174],"financing":[175],"access":[176],"degrade":[179],"product":[180],"quality":[181],"if":[182],"not":[183],"supported":[184],"mature":[186],"safeguards.":[188],"These":[189],"findings":[190],"highlight":[191],"importance":[193],"policy":[195],"sequencing,":[196],"controls,":[199],"coevolutionary":[201],"design":[202],"in":[203],"fostering":[204],"resilient":[206],"self\u2010sustaining":[208],"system.":[211]},"counts_by_year":[],"updated_date":"2026-05-05T08:41:31.759640","created_date":"2026-03-11T00:00:00"}
