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...
| Autores: | , , , |
|---|---|
| Tipo de documento: | artigo |
| Estado: | Versão preliminar |
| Data de publicação: | 2022 |
| País: | Colombia |
| Recursos: | Corporación Universidad de la Costa |
| Repositório: | Repositorio REDICUC |
| Idioma: | inglês |
| OAI Identifier: | oai:repositorio.cuc.edu.co:11323/9327 |
| Acesso em linha: | https://hdl.handle.net/11323/9327 https://repositorio.cuc.edu.co/ |
| Access Level: | Acesso embargado |
| Palavra-chave: | Industrial districts Marshallian socio-economic context Strategy Synergies Mergers & acquisitions |
| Resumo: | 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. |
|---|