Abstract
Family firms, despite their global dominance and economic impact, are defined by distinct characteristics such as "familial nature", "need for control", and "socio-emotional wealth". Family owners often prioritise long-term business continuity, making them risk-averse and home-region-focused, viz non-family firm owners, even in decisions like internationalisation and growth in foreign markets. Although there is extensive literature on family firms' foreign markets' entry modes, a review specifically examining their location preferences is absent. To bridge this gap, we methodically review 32 prominent research articles and delineate the current literature utilizing the PRISMA guidelines and the TCCM framework. We offer future research directions for scholars to explore the question: "How do dimensions of distance impact location preferences, and how do they differ across family firms and non-family firms during their entry into foreign markets?”