Most of high-value data also constitute the trade secrets of companies,making companies unwilling to disclose the data directly in public market.This information disclosure dilemma has become a bottleneck in data trading and circulation.Data property registration circumvents direct disclosure of data content and promotes data trading and circulation by indirectly conveying information about data quality.However,the efficacy of this indirect disclosure path in promoting data trading remains to be verified.Signaling theory provides an analytical framework for evaluating the institutional assessment of data property registration.Data property registration can be seen as a signal,whose effectiveness is achieved by adjusting signal costs.Currently,the"registration agency formal review"model is difficult to construct effective signals,and it is advisable to improve the system based on the"registration agency formal review+third-party substantive review"model.The institutional improvement of data property registration needs to be based on third-party substantive review,with the core of increasing signal costs,clarifying the object requirements of data property registration,and improving the fraud liability system of third-party service providers.
data property registrationinformation paradoxinformation disclosuresignaling theory