“…The resulting intergenerational pluralism and heterogeneity (Jaskiewicz et al, 2017; Zellweger et al, 2012) may cause friction within the family system, which cannot be solved by standard business management approaches as family firms are not merely business organizations but are also defined by a complex network of family relationships and ownership structures, and thus by the mutual interactions of a business, family, and the legal system (Combs et al, 2020; Pieper & Klein, 2007; Sharma, 2004). As family businesses are passed down through the generations, these intersystemic interactions become increasingly complex (Kleve, Köllner, et al, 2020; Rüsen et al, 2021; Zellweger et al, 2012). Added to this complexity are additional changes in (self‐)concepts of what it means to be a family (Koellner, 2023).…”