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The purpose of this paper is to establish a more robust empirical support for the long established postulation by Adam Smith and Joseph Schumpeter that human capital and institutions enable Schumpeterian entrepreneurship, which, in turn, facilitates economic growth.

Adopting entrepreneurial orientation (EO) (i.e. innovativeness, proactiveness and risk taking; Mthanti and Ojah, 2017, Research Policy, 46:4, pp. 724-739) as the measure of Schumpeterian entrepreneurship at the macro-level, and using a sample of 93 countries, over 1980-2008, the authors employ system Generalised Method of Moments to investigate institutions and human capital as possible determinants of Schumpeterian entrepreneurship (EO).

The authors find that the human capital-EO nexus is robust across economic development levels. However, there is a cross-country variation in the institutions-EO nexus. In line with theoretical predictions, institutions indeed drive EO in middle-to-high-income countries. However, in low-income countries, building institutions in order to foster EO yields perverse outcomes, which, for us and especially based on deeper analysis, suggest that improving the quality of institutions may not be a necessary precondition for EO/growth policy in low-income countries. Furthermore, the authors find that EO is a highly persistent series, with self-reinforcing network effects, i.e. lofty EO behaviour encourages more lofty EO behaviour.

Drivers of macro EO are erroneously taken as of growth. This empirical analysis corrects the sequencing.

Policy practice must acknowledge macro-EO importantly has both direct and indirect growth effects.

This study is the first to empirically test the theoretical sequence between drivers of growth/EO and economic growth.

We study the performance attributes of an international production form that is designed for success in an increasingly global marketplace‐global product design and development. We find that firms elicit higher returns from their global product development when they compete in strategic complements than when they compete in strategic substitutes. These firms are most likely to compete in strategic complements if they have higher free cash flows, but are most likely to compete in strategic substitutes if they are more dominant in their industry. Importantly, global product development reduces cost largely via variable cost reduction. Moreover, we find that global product development contributes to the firm’s growth potential when pursued in conjunction with high multinationalism, aggressive competitive strategy, and high cost saving.

This study aims to examine the relationship between mentorship, innovation and entrepreneurship performance in Africa’s largest economy. This study argues that mentorship and innovation play significant roles in driving entrepreneurship performance in the country. It explores the impact of mentorship on entrepreneurial development, including the transmission of knowledge, skills and networks.

This study analyzes the role of innovation in fostering entrepreneurial growth and competitiveness, particularly in the context of Nigeria, Africa’s largest economy. The authors engaged data obtained from the Youth Enterprise with Innovation (2019) and made use of the propensity score matching.

The findings suggest that effective mentorship programs and innovative approaches can enhance entrepreneurial performance, promote economic growth and contribute to sustainable development in Nigeria, Africa’s largest economy.

The literature on entrepreneurship in Africa’s largest economy, Nigeria, has mainly focused on factors such as access to finance, the business environment and government policies, with limited research on the role of mentorship and innovation in entrepreneurship performance. This study contributes to the growing body of literature on entrepreneurship in Nigeria, particularly on the role of mentorship and innovation in entrepreneurship performance.