Bridging generations - A study of corporate value statements in family firms

Family firms are special! The jury still seems to be divided when it comes to family firms superiority (cf Andersson and Reeb, 2004 vs Miller et al., 2007), but most commentators agree that there is something unique about family firms as a group. This uniqueness is often referred to as the family firm culture, ‘familiness’ or values, thus a family specific resource (Schein, 1983; Habbershon and Pistrui, 2002). But how does this resource come about? And how is the resource bridged1 over generations?