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Updated: Jun 29, 2025

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Using Generative Art to Convey Past and Future Climate Transitions
Published on: March 31, 2023
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Struggling over new asset geographies.
1York University, Canada.
Summary
This study clarifies assetization, exploring its accounting definitions, relation to financialization, and value-valuation dynamics. It highlights political aspects of externalizing costs and inflation impacts for future research.
Area of Science:
- Accounting
- Finance
- Political Economy
Background:
- The concept of assetization, which involves treating previously non-assetized items as assets, has gained traction.
- Existing definitions face criticisms regarding accounting perspectives and overlap with financialization.
- The relationship between value and valuation within assetization requires further clarification.
Purpose of the Study:
- To address criticisms of the proposed definition of assetization from an accounting viewpoint.
- To delineate the overlap and distinctions between assetization and financialization.
- To examine the link between value and valuation in the context of assetization.
Main Methods:
- Critical analysis of existing accounting and financial theories.
- Conceptual exploration of assetization, financialization, value, and valuation.
- Review of contemporary economic phenomena related to assetization.
Main Results:
- Refined understanding of assetization's accounting implications.
- Clarification of assetization's distinct characteristics compared to financialization.
- Established a framework for analyzing value and valuation in assetization.
Conclusions:
- Assetization presents unique accounting challenges and opportunities.
- Future research should focus on the political economy of assetization, including cost externalization.
- The impact of rising inflation on assetization requires further investigation.
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