Reflexive expectations in innovation financing: An analysis of venture capital as a mode of valuation.
Soc Stud Sci
; 53(1): 29-48, 2023 02.
Article
en En
| MEDLINE
| ID: mdl-35971623
ABSTRACT
Social studies of expectations are premised on the notion that the future is brought into the present, and thereby expectations about the future come to shape our actions, decisions, and practices in ways that performatively bring about the imagined future. In this article, I examine how social actors themselves understand, construct, and deploy future expectations in innovation financing, focusing specifically on the venture capital industry financing of the life sciences sector. I do so to analyse how these reflexive efforts configure the valuation and investment decisions of these social actors and others. I build on analytical perspectives in STS and adjacent fields such as organization studies and economic sociology that analyse the role of expectations - manifested as stories, narratives, and accounts - in social action. To do so, I unpack how reflexivity comes to configure valuation and investment decisions, and the goals (e.g. exits) they rationalize.
Palabras clave
Texto completo:
1
Colección:
01-internacional
Base de datos:
MEDLINE
Asunto principal:
Disciplinas de las Ciencias Biológicas
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Motivación
Tipo de estudio:
Health_economic_evaluation
Idioma:
En
Revista:
Soc Stud Sci
Año:
2023
Tipo del documento:
Article
País de afiliación:
Canadá