The core issues of data assets: valuation challenges, property rights conflicts and ethical governance
Feng Guohe1,2，Zhang Zhixin1,2，Zheng Wei3
1. School of Economics & Management, South China Normal University; 2. Guangzhou Digital Economy Research Center,South China Normal University; 3. Shool of Science,Hebei North University
Abstract： Abstract:In the context of global economic development, the digital economy has gradually become the core engine driving global economic growth. In this process, data, as a new type of production factor, is becoming increasingly strategic in value. This paper will focus on the theoretical dilemmas of data assetization and attempt to systematically address and resolve core issues such as valuation distortion, unclear property rights, and inefficient governance by constructing an interdisciplinary solution framework: "dynamic valuation-property rights separation-ethical collaboration". The research findings indicate that the value creation of data assets primarily depends on two key factors: network effects and scenario reuse. Therefore, it is necessary to use option models to quantify its strategic flexibility. The root cause of property rights conflicts lies in the indivisibility of contributions from multiple parties, and China′s "three-rights separation" theory provides a good institutional anchor for localized practices, addressing property rights conflicts through rights decoupling. In terms of ethical governance, a paradigm shift towards "technology-institution-culture" collaboration is needed. Based on these findings, this paper proposes a policy path of "institutional innovation-technology empowerment-global collaboration", aiming to provide solid theoretical support and practical references for the marketization of data elements.
Key words : data assets; dynamic valuation; property rights conflict; ethical governance
