Human capital in family businesses: an exploratory analysis in Spanish firms

The purpose of this paper is to analyze how family firms identify, develop and protect their human capital. From an exploratory<br />perspective based on the resource-based view, the key human resource practices are examined in a sample of 433<br />Spanish companies. Specifically, we examine the orientation and idiosyncrasies that family firms confer to the selection and<br />promotion mechanism, to the training and developing practices, to the design of compensation and executive payments<br />and, finally, to the process of successio