Generational transition in family business and the distribution of capitals in social reproduction strategies

Abstract

The paper presents the results of research into the problem of succession in family business in the broader perspective of social reproduction strategies. Based on Pierre Bourdieu’s theoretical habitus-field framework and strategies of reconversion of capitals, it identifies preconditions for successful succession, the strategies of reconversion applied and the structure of capital transfers along with transgenerational change. The author recognizes habitus as the pivot element of explanation, the specific adequacy of capital structure, individual preferences and aspirations with situational potential, and general structural rules.