Fonte: Journal of Tourism & Development; v. 4, n. 21/22 (2014); 25-34
Palavras-chave:
Resumo: In the past thirty years, timeshares industry has experienced significant and sustainable growth, coming to be the worldly tourism segment that currently presents the fastest development. Despite of its economic importance, the academic literature on timeshare is incipient. Thus, in order to contribute to filling this gap, the present study aims to analyze the time-sharing system from the corporative governance perspective, specifically grounded on the agency theory. After a theoretical review, we have raised some propositions about agency problems emerging in time-sharing systems. Later, these propositions were verified and confirmed empirically through a case study concerning the Beach Park Vacation Club. A last, it was concluded that usual the governance structures of the timeshare business model are fragile, thus hindering its development in Brazil.
