Sample of the Recursive Level:
DECLARE @VALUE_CODE AS VARCHAR(5);
--SET @VALUE_CODE = 'A' -- Specify a level
WITH ViewValue AS
(
SELECT ValueCode
, ValueDesc
, PrecedingValueCode
FROM ValuesTable
WHERE PrecedingValueCode IS NULL
UNION ALL
SELECT A.ValueCode
, A.ValueDesc
, A.PrecedingValueCode
FROM ValuesTable A
INNER JOIN ViewValue V ON
V.ValueCode = A.PrecedingValueCode
)
SELECT ValueCode, ValueDesc, PrecedingValueCode
FROM ViewValue
--WHERE PrecedingValueCode = @VALUE_CODE -- Specific level
--WHERE PrecedingValueCode IS NULL -- Root