Evaluating the role of investment climate in shaping firms' decisions to enter county markets: a case study of Busia and Narok counties

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dc.contributor.authorMunavu, Michael Mutemi
dc.date.accessioned2023-06-20T08:50:28Z
dc.date.available2023-06-20T08:50:28Z
dc.date.issued2018
dc.descriptionA dissertation submitted in partial fulfilment of the requirements for the award of a degree in Master of Business Administration at Strathmore University
dc.description.abstractKenya has been implementing, since 2013, a devolved governance structure, based on 47 county units. This new county system potentially offers opportunities, but also poses constraints to the business sector. To maximize these opportunities, firms need to understand the range of benefits and constraints to engage strategically with the county structures. However, few studies have previously documented the investment climate offered by county governments. The most prominent of these is the recent World Bank Sub National "Doing Business" Survey (SNDBS) of 2016, which is a quantitative assessment of infrastructure, regulation and policy that are supportive of starting and maintaining enterprises. There is need, however, to determine whether (i) these quantitative measures do indeed determine the motivation to initiate new businesses in counties; or (ii) are considered key determinants for business owners in selecting counties in which to establish themselves. This study aimed at undertaking this analysis from the perspective of firms that have recently been established in selected counties in Kenya. The study aimed to (i) establish the perceptions of firms in selected counties about the ideal investment climate at the county level (ii) assess the importance of investment climate factors in shaping strategic decision making processes (iii) recommend how firms should strategically position themselves to benefit from the devolved county structure. The study results identified priority investment climate areas from the perspective of firms. The most important of these are: getting connected to electricity, ease in registering businesses, and the nature of the tax regime in the county. The findings of the study point to the fact that firms are considering county performance across various metrics, and how these factors relate to their own planning and decision-making processes. The study recommends that firms and counties should engage more intentionally, to bridge this information asymmetry. This should lead to a more conducive investment climate. The use of County Integrated Development Plans (CIDP) and Investor Forums are a good platform to strengthen these links.
dc.identifier.urihttp://hdl.handle.net/11071/13327
dc.language.isoen
dc.publisherStrathmore University
dc.titleEvaluating the role of investment climate in shaping firms' decisions to enter county markets: a case study of Busia and Narok counties
dc.typeThesis
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MBA Theses and Dissertations (2018)