ABSTRACT

This chapter seeks to provide several elements to the literature, the most important one being a shift from describing relationships as entities towards addressing the work of building relationships, giving them a shared purpose, using them, changing them, ending and replacing them, constructing the proximities and distances which characterize them. It addresses dynamics of knowledge commercialization under conditions of assetization and, more broadly, financialization. The chapter explores neither the political economy of the financial centre and financial institution, nor the assemblage of capital markets explicitly. Appreciations of financial value are often embedded in other, non-financial or even non-economic notions of value. In this way, cultural spaces of investment are enacted on different scales–transnational, national, regional and local. Investment, rather than ‘finance’, was understood as a type of relational work in which funds are allocated to innovation activities in the expectation of returns based on a particular logic of appreciating and assessing the value of innovations.