Analyzing bio-economy value requires focusing on assets rather than commodities
Evidence
As the discussion above illustrates, rethinking value in the bio-economy entails incorporating the firms and their assets into the analysis, and not primarily focusing on commodities or commodification. As some recent work in STS shows (e.g., Lezaun and Montgomery 2015; Martin 2015), it is important to analyze how value is understood by financial actors and how they act on that knowledge. Accounting for the value of life science businesses, for example, requires an analysis of their (tangible and intangible) assets—which correspond to a set of liabilities (e.g., equity and debt)—and how these are conceptualized in corporate finance (e.g., Brealey et al. 2003). — Kean Birch, Rethinking Value in the Bio-economy, 68
Categorization
- QUESTION: The shift from commodities/commodification to assets/assetization marks a real epistemological break in STS literature worth chasing down in the cited works (Muniesa, Doganova).
- XREF: connects to: Life sciences firms may never produce products, so valuation is prospective rather than embodied — Kean Birch, Rethinking Value in the Bio-economy:…, 38; Understanding value requires studying the assets underpinning firm valuation, not commodity production. — Kean Birch, Rethinking Value in the Bio-economy:…, 39; Value in the bio-economy is better theorized through assetization than commodification. — Kean Birch, Rethinking Value in the Bio-economy:…, 112 (+8 more)
Related
- Understanding value requires studying the assets underpinning firm valuation, not commodity production. (similarity 0.94)
- Value in the bio-economy is better theorized through assetization than commodification. (similarity 0.94)
- Value in the bio-economy is managed through asset governance, not product sales. (similarity 0.92)
- In the bioeconomy, informational signaling about assets, not product sales, constitutes firm value. (similarity 0.89)
- Bio-economy valuation practices are not peculiar to that sector. (similarity 0.88)
- Asset value derives from future earnings rather than intrinsic commodity value (similarity 0.88)
- Understanding value as assetization requires analyzing political economy, not just applying STS to finance. (similarity 0.87)
- Value in the bio-economy is produced through valuation practices, not intrinsic to biological matter. (similarity 0.87)
- Accounting for biological assets reflects chosen methods, not intrinsic biological qualities (similarity 0.86)
- Asset value is constituted by active management within organizations, not by biological properties. (similarity 0.86)
- Life sciences firms may never produce products, so valuation is prospective rather than embodied (similarity 0.85)
- Value is not inherent in things but achieved through capitalization practices. (similarity 0.85)
- Capitalization scholarship often treats capital as a living thing embodied in commodities. (similarity 0.83)
- Value is constituted by knowledge and practice, not merely hype. (similarity 0.82)
- Capitalization builds the thing being valued at the same time it appraises that thing (similarity 0.81)
Broader Connections
- Value in the bio-economy is better theorized through assetization than commodification.
#corroborates(0.95) — Kean Birch, Rethinking Value in the Bio-economy, 112 - In the bioeconomy, informational signaling about assets, not product sales, constitutes firm value.
#expands(0.80) — Kean Birch, Rethinking Value in the Bio-economy, 106 - Asset value derives from future earnings rather than intrinsic commodity value
#expands(0.80) — Kean Birch, Rethinking Value in the Bio-economy, 73 - Understanding value as assetization requires analyzing political economy, not just applying STS to finance.
#expands(0.75) — Kean Birch, Rethinking Value in the Bio-economy, 115 - Assetization analysis reveals how nature and society get incorporated into financialized capitalism.
#expands(0.75) — Paul Langley, Assets and Assetization in…, 43 - Assetization remains an unrecognized analytical entry point in financialization research
#expands(0.72) — Paul Langley, Assets and Assetization in…, 18