Cheng Liu, Yi Shi, Wenjing Xie and Xinzhong Bao
This paper aims to provide a complete analysis framework and prediction method for the construction of the patent securitization (PS) basic asset pool.
Abstract
Purpose
This paper aims to provide a complete analysis framework and prediction method for the construction of the patent securitization (PS) basic asset pool.
Design/methodology/approach
This paper proposes an integrated classification method based on genetic algorithm and random forest algorithm. First, comprehensively consider the patent value evaluation model and SME credit evaluation model, determine 17 indicators to measure the patent value and SME credit; Secondly, establish the classification label of high-quality basic assets; Then, genetic algorithm and random forest model are used to predict and screen high-quality basic assets; Finally, the performance of the model is evaluated.
Findings
The machine learning model proposed in this study is mainly used to solve the screening problem of high-quality patents that constitute the underlying asset pool of PS. The empirical research shows that the integrated classification method based on genetic algorithm and random forest has good performance and prediction accuracy, and is superior to the single method that constitutes it.
Originality/value
The main contributions of the article are twofold: firstly, the machine learning model proposed in this article determines the standards for high-quality basic assets; Secondly, this article addresses the screening issue of basic assets in PS.
Details
Keywords
This chapter examines the similarities and differences between the concepts of transformational leadership as developed within North America and the Confucian idea of…
Abstract
This chapter examines the similarities and differences between the concepts of transformational leadership as developed within North America and the Confucian idea of transformation. It argues that Confucian tradition encompasses the essential elements embedded in the concept of transformational leadership. The former differentiates from the latter in its deeper degree of transformation, emphasis on morality and culture, and its focus on transformation from the inside outwards. The two greatest educators in Chinese history, Confucius and Cai Yuanpei, are evaluated in terms of their transformational leadership qualities in the Western sense. By looking at Confucius and Cai Yuanpei as successful transformational leaders, the chapter identifies four important factors from Chinese cases that may contribute to the success of this type of leadership. Implications of this comparison are discussed as they may inform the knowledge, research and practices of transformational leadership.