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César Camisón
Universitat de València
Spain
Alba Puig-Denia
Universitat Jaume I
Spain
https://orcid.org/0000-0001-7695-1572
Beatriz Forés
Universitat Jaume I
Spain
https://orcid.org/0000-0002-5699-8290
Montserrat Boronat-Navarro
Universitat Jaume I
Suriname
https://orcid.org/0000-0002-9062-4161
José María Fernández-Yáñez
Universitat Jaume I
Spain
https://orcid.org/0000-0003-3662-2234
Vol. 11 No. 2 (2021), Research Paper
DOI: https://doi.org/10.24310/ejfbejfb.v11i2.10794
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Abstract

The main objective of this paper is to analyze the elements of the particular governance structure of the family business and the involvement of the family in the business in order to verify its effects on managerial capabilities. Likewise, professionalization in this type of company will be studied as a moderating variable. To address this analysis, the Resource and Capabilities Based-View and the Agency Theory will be taken as a basis. The empirical study is carried out on a base of 591 Spanish tourism companies using a multiple linear regression analysis. The results show that many of the peculiar characteristics of the family business have a negative effect on their managerial skills, preventing their proper development. However, the professionalization of the maximum responsible of the family business would contribute to alleviating these problems, facilitating the development of the said skills in the family business.

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