Unveiling the impact of foreign investment entry in industrial clusters: the case of Castelló and Sassuolo
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comunitat-uji-handle2:10234/8645
comunitat-uji-handle3:10234/8646
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INVESTIGACIONMetadata
Title
Unveiling the impact of foreign investment entry in industrial clusters: the case of Castelló and SassuoloDate
2024-03-19Publisher
Taylor and Francis Group; RoutledgeISSN
0965-4313; 1469-5944Bibliographic citation
Fiorenza Belussi, Luis Martínez-Cháfer & F. Xavier Molina-Morales (2024) Unveiling the impact of foreign investment entry in industrial clusters: the case of Castelló and Sassuolo, European Planning Studies, DOI: 10.1080/09654313.2024.2307339Type
info:eu-repo/semantics/articleVersion
info:eu-repo/semantics/acceptedVersionSubject
Abstract
This paper explores the impact of foreign investment, through acquisitions and mergers of local firms, on leading industrial clusters. While previous research has highlighted the increasing involvement of cluster firms ... [+]
This paper explores the impact of foreign investment, through acquisitions and mergers of local firms, on leading industrial clusters. While previous research has highlighted the increasing involvement of cluster firms in internationalization and knowledge globalization, the role of foreign investment requires further investigation. Power asymmetries between MNEs and partner firms are prevalent in global value chains, joint ventures, and strategic alliances, shaping the contemporary global economy. By analysing two clusters specialized in ceramic tile production (Castelló, Spain, and Sassuolo, Italy), this study aims to evaluate the impact of foreign investment on leading clusters, specifically distinguishing between multinational enterprises (MNEs) and investment funds. The research examines the perceived effects through a qualitative analysis, capturing the subjective impressions of local actors involved in acquired firms, independent local firms, technological suppliers, and supporting institutions. This paper contributes to the literature by addressing contradictory findings and providing insights into the balance between knowledge absorption and spillovers from MNEs or investment funds to local firms. [-]
Funder Name
MCIN / AEI /10.13039/501100011033 / FEDER | European Union
Project code
PID2021-126516NB-I00
Rights
info:eu-repo/semantics/embargoedAccess
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