Understanding spatial networking and industrial district evolution from firms’ strategies
| Autor: | Jose-Luis Hervas-Oliver, Carles Boronat-Moll, Marta Peris-Ortiz, Ronald Rojas-Alvarado |
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| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Předmět: | |
| Zdroj: | REDICUC-Repositorio CUC Corporación Universidad de la Costa instacron:Corporación Universidad de la Costa |
| Popis: | 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. |
| Databáze: | OpenAIRE |
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