Public Support and Enterprise Performance under Kenya’s Bottom Up Economic Transformation Agenda: A Conceptual Framework

Ian Ochieng Otieno
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Ian Ochieng Otieno: School of Business, Economics and Tourism, Kenyatta University, Nairobi, Kenya.

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Abstract: Purpose: This conceptual paper explains how public enterprise finance and complementary business-development support may influence enterprise performance within Kenya's Bottom-Up Economic Transformation Agenda. The Hustler Fund provides the principal policy illustration. Approach: A purposive literature and document review supports theory synthesis and model development. Dynamic capabilities and institutional perspectives are combined with selected evidence on credit, business practices and training. No primary data are collected or empirical tests conducted. Conceptual Contribution: Public support is the independent construct, with financial and business-development dimensions. Enterprise performance is the dependent construct, encompassing continuity, financial and operational outcomes. A liquidity pathway is distinguished from a sequential pathway through management routines and adaptive capabilities. Six propositions specify these mechanisms, the moderating roles of institutional predictability and financing-horizon fit, and a separate extension to market outcomes. An evidence synthesis and proposed measures clarify both the model's rationale and its testable limits. Implications: The framework can guide research on support delivery, sequencing, financing terms and enterprise needs. It recognises continuity alongside sustained improvement and calls for separate assessment of participant and wider market outcomes. Its relationships remain open to empirical challenge and refinement.

Date: 2026-10-10
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Published in Asian Journal of Economics, Finance and Management , 2026, 8 (1), pp.1093-1108

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