PERCEIVED VALUE OF INVESTMENT PROMOTION INCENTIVES, MACROMARKETING ENVIRONMENT AND PERFORMANCE OF FIRMS IN EXPORT PROCESSING ZONES IN KENYA
Abstract
The broad objective of this study was to establish the influence of perceived value of
investment promotion incentives, and macro-marketing environment on performance of firms in the
export processing zones (EPZs) in Kenya. It was anchored on international trade, macro-marketing
and Foreign Direct Investment theories. The study tested the direct influence of investment
promotion incentives and the moderating effect of macro-marketing environment on firm
performance. The study was a census cross-sectional survey of all EPZ firms. Secondary data were
obtained from various reports and bulletins. Primary data were collected from the study population
using a semi-structured self-administered questionnaire. Analysis of data was done through
descriptive and inferential statistics. Hierarchical multiple linear regression, was used to test the
hypotheses. Results indicated that both the direct and moderation effects were statistically
significant. Findings of the study imply that provision of investment promotion incentives should be
supported by conducive macro-marketing environment for desired firm performance. The results
also imply that the theory and concept of country marketing may guide the formulation and
application of investment promotion strategies to position the country as an investment destination.
The study has contributed to theory development, policy formulation and marketing practice
investment promotion incentives, and macro-marketing environment on performance of firms in the
export processing zones (EPZs) in Kenya. It was anchored on international trade, macro-marketing
and Foreign Direct Investment theories. The study tested the direct influence of investment
promotion incentives and the moderating effect of macro-marketing environment on firm
performance. The study was a census cross-sectional survey of all EPZ firms. Secondary data were
obtained from various reports and bulletins. Primary data were collected from the study population
using a semi-structured self-administered questionnaire. Analysis of data was done through
descriptive and inferential statistics. Hierarchical multiple linear regression, was used to test the
hypotheses. Results indicated that both the direct and moderation effects were statistically
significant. Findings of the study imply that provision of investment promotion incentives should be
supported by conducive macro-marketing environment for desired firm performance. The results
also imply that the theory and concept of country marketing may guide the formulation and
application of investment promotion strategies to position the country as an investment destination.
The study has contributed to theory development, policy formulation and marketing practice
Refbacks
- There are currently no refbacks.