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

Mason, Katherine Jane and Friesl, Martin and Ford, Chris J. (2019) Markets under the Microscope:Making Scientific Discoveries Valuable through Choreographed Contestations. Journal of Management Studies, 56 (5). pp. 966-999. ISSN 0022-2380

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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.

Item Type:
Journal Article
Journal or Publication Title:
Journal of Management Studies
Additional Information:
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.
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1405
Subjects:
ID Code:
128523
Deposited By:
Deposited On:
24 Oct 2018 08:36
Refereed?:
Yes
Published?:
Published
Last Modified:
30 Sep 2020 08:17