Recognition and Evaluation of Data as Intangible Assets

Feng Xiong, Maoyue Xie, Lingjuan Zhao, Cheng Li and Xuan Fan

SAGE Open, 2022, vol. 12, issue 2, 21582440221094600

Abstract: Internet-based companies such as Amazon, Facebook, and Tencent hold an enormous amount of consumer data that are utilized to create business value via big data analytics. Although some companies use big data to provide professional services, such as targeted advertising and product recommendations, according to the current CAS, IFRS, and U.S. GAAP accounting standards, these assets are not recognized as assets since they are generated internally. This paper starts with a discussion of how Amazon, Facebook, Tencent, and Walmart use big data to create value for their businesses and then argues why it makes sense to recognize big data as intangible assets. Possible methods of data asset evaluation and their implications for business managers are also explored.

Keywords: digital economy; data asset evaluation; big data analytics; innovation studies (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:sagope:v:12:y:2022:i:2:p:21582440221094600

DOI: 10.1177/21582440221094600

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