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 2...

Full description

Saved in:

Bibliographic Details
Published in:	European planning studies 2023-10, Vol.31 (10), p.2058-2086
Main Authors:	Hervas-Oliver, Jose-Luis, Boronat-Moll, Carles, Peris-Ortiz, Marta, Rojas-Alvarado, Ronald
Format:	Article
Language:	eng
Subjects:	Acquisition Acquisitions & mergers Companies Diversification Evolution Foreign companies Heterogeneity Industrial areas Industrial districts Marshallian socio-economic context Mergers mergers & acquisitions Networking strategy synergies Tacit knowledge Transformation Valuation
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!

Description
Summary:	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.
ISSN:	0965-4313 1469-5944