Understanding spatial networking and industrial district evolution from firms’ strategies

Positioned in the study of firm heterogeneity in industrial districts (IDs), this study analyses how mergers and acquisitions (M&A) differ between local and non-local acquirers, impacting district evolution. Focusing on the Castellon ceramic tile district transformation, from acquisitions over 2012–2022, M&A and their implication for the local district are discussed, cross-fertilizing strategy and IDs literatures. Findings, from using mixed-methods, reveal that in IDs, the M&A process remarkably differs between local and non-local firms. While local firms tend to specialize in the related focal business, targeting local acquisitions to achieve internal synergies from a better valuation and integration of acquisitions, foreign firms seek access to tacit knowledge through relational and network synergies through diversification. Effects on the territory from M&A are also discussed.

• Autores: Romero Hervas, Jose Luis; Boronat Moll, Carles; Peris-Ortiz, Marta; Rojas-Alvarado, Ronald
• Tipo de recurso: Article of journal
• Fecha de publicación: 2022
• Institución: Corporación Universidad de la Costa
• Repositorio: REDICUC - Repositorio CUC
• Idioma: eng
• OAI Identifier: oai:repositorio.cuc.edu.co:11323/9327
• Acceso en línea: https://hdl.handle.net/11323/9327; https://repositorio.cuc.edu.co/
• Palabra clave: Industrial districts; Marshallian socio-economic context; Strategy; Synergies; Mergers & acquisitions
• Rights: embargoedAccess
• License: Atribución-NoComercial 4.0 Internacional (CC BY-NC 4.0)