PDW-07 [SWG-13]: Markets and Valuation

Mukti Khaire
Harvard Business School, USA
Jesper Strandgaard Pedersen
Copenhagen Business School, Denmark

Call for Applications



The "Markets and Valuation" Paper Development Workshop (PDW) is a pre-Colloquium activity that aims to help scholars develop their papers in close interaction with leading researchers in the field. In addition to the "Creative Industries" EGOS Standing Working Group (SWG) 13, this PDW offers an arena for scholars sharing an interest in the field of Creative Industries, Markets, and Valuation to develop their ideas towards publishable research articles. However, more than in the regular SWG 13 and sub-theme 13 format, the focus in this PDW will be on small group interaction and pragmatic issues related to publishing.

This PDW is open to all scholars though preference will be given to PhD students and early-career researchers. Accepted papers will be briefly presented and thoroughly discussed in round table sessions with leading scholars in the field. All participants are expected to have read the papers of their fellow session presenters and be ready to contribute to their discussion. Participants will also be expected to attend all sessions of the workshop.

The workshop will take place on Wednesday, July 2, 2014, 9:00am–12:00pm.




The paradigm of art worlds and the market paradigm are regarded as different, and often contradictory institutions that derive different orders of worth. While markets are economic exchanges that require commensurability, artistic and creative endeavors are characterized as a means of creating "singularities" (Karpik, 2010).

Creative industries, where these two paradigms intersect, therefore provide a rich context for research that deepens our understanding of markets, organizations, and institutions. Markets for creative works, with their subjective criteria of quality and value, are particularly appropriate venues for the study of socially constructed value and valuation processes. Due to the primarily symbolic nature of creative goods, a study of their production and consumption patterns can illuminate antecedents and consequences of power and status hierarchies within organizational fields. Since aesthetics are deep-rooted cultural elements, the adoption of artistic innovations can help explain how broad institutional change can be effected. The unique features of creative industries can thus be harnessed to generate distinctive insights into the workings of markets.

We invite papers in organization studies and economic sociology that engage with questions of social embeddedness of economic transactions, social and cultural bases of market exchange, and social construction of value. While the convenors of the PDW have approached these questions by studying creative industries, papers that address these issues in any market context are welcomed.



All scholars interested in developing their papers towards publishable articles are invited to apply to this PDW. However, preference will be given to PhD students/early career scholars. To be considered as an early-career scholar, the applicant needs to have completed his/her doctoral/PhD thesis within the last three years.


Please submit – via the EGOS website! – a single document of application (.doc, .docx or .pdf file) that includes:

  • On the first page: a short letter of application containing full details of name, address (postal address, phone and email), affiliation (date of PhD completion for early career scholars), a statement of why the applicant considers it valuable to attend this PDW as well as an indication of what journal(s) the paper is likely to be submitted to.
  • A full draft paper that is to be developed to a publishable stage.


Mukti Khaire is an Associate Professor and Marvin Bower Fellow at the Harvard Business School, USA. Her work primarily focuses on the creation of new markets and the reinterpretation of value constructs and consequent cultural change, particularly in the context of cultural industries. She has extensively studied the Indian art and fashion markets.
Jesper Strandgaard Pedersen is Professor at Copenhagen Business School, Denmark, where he serves as Director of 'Imagine' ... Creative Industries Research Centre. His research focuses on organizational and institutional change, institutional action and field structuring in creative and innovative contexts. Recent research focuses on the role of cultural intermediaries and forms of evaluative practices in the field of gastronomy and in the field of film and media.