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.
Accepted author manuscript, 1.03 MB, PDF document
Available under license: CC BY-NC: Creative Commons Attribution-NonCommercial 4.0 International License
Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
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 -