Entrepreneurial Determinants of Investor Choices of Public Service Vehicles in Nairobi
Keywords:
Social determinants, economic determinants, investor choiceAbstract
Purpose: The main objective of the study was to investigate on the entrepreneurial determinants of investor choices of public service vehicles in Nairobi. Specifically, to establish the social determinants that investors consider when choosing the type of PSV to invest in Nairobi, establish the economic determinants that investors consider when choosing the type of PSV to invest in Nairobi, establish the recommended attractive opportunities for investment in the PSV sector given the established socio-economic determinants.
Methodology: This study was based on a descriptive approach. This research was focusing on owners of Public Service Vehicles in Nairobi. The total number of the investor was 400. Therefore, the target population was 400 investors. Convenience sampling was used. Purposeful sampling was employed to interview twenty respondents from the owners as a follow up to further explore opinions, changes in attitudes, feelings about experiences and explanations about behavior. Questionnaires were used as the data collection instrument. The collected data was edited, coded, keyed in and analysed using Statistical Package for Social Sciences (SPSS). The quantitative data was analysed using both descriptive statistics and correlations. Pilot testing was done to refine the questionnaire. Cronbach's alpha test was also conducted to test the reliability of the questionnaire.
Results: The study findings revealed that majority of the respondents who were 81.6% indicated that type of PSV capacity affected the viability of the PSV business, 79% are most likely to invest in PSV sector holding all the other factors constant, 78.9 % indicated that the free will to determine the type of PSV Capacity determined their choice to invest in PSV very much. Correlation analysis revealed that macroeconomic factors and choice of PSV are positively and significant related (r=0.658, p=0.000), financial factors and choice of PSV are positively and significantly related (r=0.516, p=0.001), attractiveness and choice of PSV were positively and significantly related (r=0.649, p=0.000) and infrastructural factors and choice of PSV were positively and significantly related (r=0.442, p=0.005). Lastly the results indicated that social factors and choice of PSV were positively and significantly related (r=0.576, p=0.000)
Unique contribution to theory, practice and policy: Based on the research findings, the study recommended that the investors of PSV should consider the social factors before they invest. They should review the impact of the social values on their choice of PSV.Downloads
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