Do dissimilarities in the family involvement in family firms lead to different levels of indebtedness? Evidence from Spain

Purpose This paper examines how differences in the family involvement in a family business can influence its level of indebtedness. Assuming the influence of family is not the same for all family firms, we consider each company as a combination of the family involvement in three dimensions of the business: ownership, management and governance structure. Design/methodology/approach Using the partial least squares technique allows us to address...