Who are those new entrants? Dissecting types of foreign capital entrance in traditional industrial districts
This paper explains the eﬀects originated by the massive entrance of foreign capital in the ceramic tile district of Castellon (Spain). Cross-fertilizing multinational acquisitions and industrial districts' literature, and using mix-methods on a focal case study, our article explores the eﬀects that those multinationals have on districts, and whether the type of multinationals (ﬁnancially- oriented vs industrial) presents diﬀerent impacts on a focal industrial district. Our results point out that the massive entrance of foreign capital alters the local system. Overall, positive perceived attitudes are evidenced, along with negative attitudes associated with potential risks of lack of local-embedded ownership and the reduction of local cooperative ties.