Value is constituted by knowledge and practice, not merely hype.
Evidence
Bearing this in mind, value and valuation in the bio-economy are not simply hype or speculation or promises; value is, rather, constituted by specific forms of knowledge and practice that are necessary to make, govern, and manage valuation judgments. For example, materiality—in the financial and legal sense discussed above—involves the disclosure of information that is then used to make valuations about a particular life science company. Managing this information is part of managing value, since the release of (material) information can have effects that can be quite dramatic for small life science firms. — Kean Birch, Rethinking Value in the Bio-economy, 95
Categorization
- DEFINE: Defines ‘materiality’ as the load-bearing concept: disclosure of information that then feeds valuation judgments.
- XREF: Connects to the assetization debate and to network/relational theories of value (e.g., Callon, Latour) where value is performed rather than intrinsic. — connects to: Value is not inherent in things but achieved through capitalization practices. — Kean Birch, Rethinking Value in the Bio-economy:…, 28; Value emerges from relational valuation practices, not from objects themselves. — Ève Chiapello, Financialisation of Valuation, 23; Barnesian performativity means practice sustaining knowledge creates confirmation of that knowledge. — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 738 (+4 more)
Related
- Value is not inherent in things but achieved through capitalization practices. (similarity 0.88)
- Value in the bio-economy is produced through valuation practices, not intrinsic to biological matter. (similarity 0.87)
- Value emerges from relational valuation practices, not from objects themselves. (similarity 0.86)
- Understanding value requires studying the assets underpinning firm valuation, not commodity production. (similarity 0.85)
- In the bioeconomy, informational signaling about assets, not product sales, constitutes firm value. (similarity 0.85)
- Value in the bio-economy is managed through asset governance, not product sales. (similarity 0.85)
- Bio-economy valuation practices are not peculiar to that sector. (similarity 0.84)
- Asset value is constituted by active management within organizations, not by biological properties. (similarity 0.84)
- Asset value derives from future earnings rather than intrinsic commodity value (similarity 0.83)
- Capitalization builds the thing being valued at the same time it appraises that thing (similarity 0.83)
- Value in the bio-economy is better theorized through assetization than commodification. (similarity 0.82)
- Analyzing bio-economy value requires focusing on assets rather than commodities (similarity 0.82)
- Asset value is actively managed, including downward, and its constructedness is obscured. (similarity 0.81)
- Life sciences firms may never produce products, so valuation is prospective rather than embodied (similarity 0.81)
- Accounting for biological assets reflects chosen methods, not intrinsic biological qualities (similarity 0.80)
Broader Connections
- Value emerges from relational valuation practices, not from objects themselves.
#corroborates(0.85) — Ève Chiapello, Financialisation of Valuation, 23 - Barnesian performativity means practice sustaining knowledge creates confirmation of that knowledge.
#corroborates(0.75) — Donald MacKenzie, An Engine, Not a Camera, 738 - Valuation and evaluation are analytically separable processes of worth attribution.
#expands(0.75) — Ève Chiapello, Financialisation of Valuation, 24 - Culture is a system of information and behavior learnable through knowledge.
#expands(0.72) — Edward W. Said, Orientalism, 498 - In the bioeconomy, informational signaling about assets, not product sales, constitutes firm value.
#contradicts(0.72) — Kean Birch, Rethinking Value in the Bio-economy, 106