A hybrid knowledge-sharing model for corporate foreign investment in China's construction market

Authors:
Jieh-Haur Chen
Affiliations:
Institute of Construction Engineering and Management, National Central University, Jhongli, Taoyuan 32001, Taiwan
Venue:
Expert Systems with Applications: An International Journal
Year:
2012

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Abstract

The research proposes a hybrid knowledge-sharing model, which integrates the concepts of the self-organizing feature map optimization, fuzzy logic control, and hyper-rectangular composite neural networks, to provide 32 rules that suggest performing or not performing foreign construction investment. The database is derived from 520 quarterly financial reports of all listed construction companies in Taiwan that have now or in the past five years made foreign investment in China's construction industry. The input variables are set to all 25 financial ratios assessable in public, reducing to 11 ratios after feature deduction using t-test. The model yields a high successful classification rate of 90.6% and generates 14 and 18 rules for Taiwan construction companies performing or not performing foreign investment in China, respectively. The valuable rules give user a closer look at what is the appropriate corporate financial status, what knowledge can be shared from the interpretations of the rules, and the impact by investment on corporate finance.