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Understanding spatial networking and industrial district evolution from firms’ strategies

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  • Jose-Luis Hervas-Oliver
  • Carles Boronat-Moll
  • Marta Peris-Ortiz
  • Ronald Rojas-Alvarado

Abstract

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.

Suggested Citation

  • Jose-Luis Hervas-Oliver & Carles Boronat-Moll & Marta Peris-Ortiz & Ronald Rojas-Alvarado, 2023. "Understanding spatial networking and industrial district evolution from firms’ strategies," European Planning Studies, Taylor & Francis Journals, vol. 31(10), pages 2058-2086, October.
    • Handle: RePEc:taf:eurpls:v:31:y:2023:i:10:p:2058-2086
    DOI: 10.1080/09654313.2022.2078659
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