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    Rights statement: This is the peer reviewed version of the following article: Mason, K. , Friesl, M. and Ford, C. J. (2019), Markets under the Microscope: Making Scientific Discoveries Valuable through Choreographed Contestations. Journal of Management Studies. doi:10.1111/joms.12426 which has been published in final form at https://onlinelibrary.wiley.com/doi/full/10.1111/joms.12426 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.

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Markets under the Microscope: Making Scientific Discoveries Valuable through Choreographed Contestations

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Markets under the Microscope : Making Scientific Discoveries Valuable through Choreographed Contestations. / Mason, Katherine Jane; Friesl, Martin; Ford, Chris J.

In: Journal of Management Studies, Vol. 56, No. 5, 01.07.2019, p. 966-999.

Research output: Contribution to journalJournal article

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@article{ff85015550dc452c9e50539950b5d145,
title = "Markets under the Microscope: Making Scientific Discoveries Valuable through Choreographed Contestations",
abstract = "This paper breaks new ground by revealing and conceptualizing the marketization of science as a process that transforms scientific discoveries and markets through a series of choreographed contestations: moments of valuation that occur when different social worlds collide. We follow a scientific discovery, from the moment it entered an incubator, to uncover how valuation practices and market devices enact and contest diverse social values (i.e., what is worth doing) to generate economic value (i.e., what is worth paying for) at the science-market-entrepreneurship nexus. In contrast with commercialization of science studies that focus on institutional arrangements, this study explicates the practices and devices used by multiple market actors to transform a scientific discovery into a marketable object. In so doing, we characterise choreographed contestations and the mechanisms through which they operate to explain how specific valuations are performed to work out innovative next steps that unfold the marketization of science.",
keywords = "Commercialization of science, Marketization, Market Devices, valuation practices, Social Worlds",
author = "Mason, {Katherine Jane} and Martin Friesl and Ford, {Chris J.}",
note = "This is the peer reviewed version of the following article: Mason, K. , Friesl, M. and Ford, C. J. (2019), Markets under the Microscope: Making Scientific Discoveries Valuable through Choreographed Contestations. Journal of Management Studies. doi:10.1111/joms.12426 which has been published in final form at https://onlinelibrary.wiley.com/doi/full/10.1111/joms.12426 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.",
year = "2019",
month = jul,
day = "1",
doi = "10.1111/joms.12426",
language = "English",
volume = "56",
pages = "966--999",
journal = "Journal of Management Studies",
issn = "0022-2380",
publisher = "Wiley-Blackwell",
number = "5",

}

RIS

TY - JOUR

T1 - Markets under the Microscope

T2 - Making Scientific Discoveries Valuable through Choreographed Contestations

AU - Mason, Katherine Jane

AU - Friesl, Martin

AU - Ford, Chris J.

N1 - This is the peer reviewed version of the following article: Mason, K. , Friesl, M. and Ford, C. J. (2019), Markets under the Microscope: Making Scientific Discoveries Valuable through Choreographed Contestations. Journal of Management Studies. doi:10.1111/joms.12426 which has been published in final form at https://onlinelibrary.wiley.com/doi/full/10.1111/joms.12426 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.

PY - 2019/7/1

Y1 - 2019/7/1

N2 - This paper breaks new ground by revealing and conceptualizing the marketization of science as a process that transforms scientific discoveries and markets through a series of choreographed contestations: moments of valuation that occur when different social worlds collide. We follow a scientific discovery, from the moment it entered an incubator, to uncover how valuation practices and market devices enact and contest diverse social values (i.e., what is worth doing) to generate economic value (i.e., what is worth paying for) at the science-market-entrepreneurship nexus. In contrast with commercialization of science studies that focus on institutional arrangements, this study explicates the practices and devices used by multiple market actors to transform a scientific discovery into a marketable object. In so doing, we characterise choreographed contestations and the mechanisms through which they operate to explain how specific valuations are performed to work out innovative next steps that unfold the marketization of science.

AB - This paper breaks new ground by revealing and conceptualizing the marketization of science as a process that transforms scientific discoveries and markets through a series of choreographed contestations: moments of valuation that occur when different social worlds collide. We follow a scientific discovery, from the moment it entered an incubator, to uncover how valuation practices and market devices enact and contest diverse social values (i.e., what is worth doing) to generate economic value (i.e., what is worth paying for) at the science-market-entrepreneurship nexus. In contrast with commercialization of science studies that focus on institutional arrangements, this study explicates the practices and devices used by multiple market actors to transform a scientific discovery into a marketable object. In so doing, we characterise choreographed contestations and the mechanisms through which they operate to explain how specific valuations are performed to work out innovative next steps that unfold the marketization of science.

KW - Commercialization of science

KW - Marketization

KW - Market Devices

KW - valuation practices

KW - Social Worlds

U2 - 10.1111/joms.12426

DO - 10.1111/joms.12426

M3 - Journal article

VL - 56

SP - 966

EP - 999

JO - Journal of Management Studies

JF - Journal of Management Studies

SN - 0022-2380

IS - 5

ER -