@article {598,
	title = {Relatedness in the implementation of Smart Specialisation Strategy: a first empirical assessment},
	journal = {Papers in Regional Science},
	volume = {99},
	year = {2020},
	pages = {405-425},
	publisher = {Blackwell Publishing Ltd},
	abstract = {Smart Specialisation Strategy required regional authorities to identify technological domains where to concentrate investment in R\&D and innovation. Their choices should originate from an analysis of regional strengths, aiming to identify those domains with the greatest potential for innovation and diversification. This paper aim to assess the degree of relatedness between chosen technological domains. We use patent data to categorize technological domains and the revealed associations methodology to measure their degree of relatedness. We find that the choices made by Italian regions show a significant higher relatedness as compared to a random choice, though with notable exceptions. {\textcopyright} 2019 The Author(s). Papers in Regional Science {\textcopyright} 2019 RSAI},
	keywords = {assessment method, development strategy, Innovation, policy implementation, regional development, specialization, technology policy},
	issn = {10568190},
	doi = {10.1111/pirs.12492},
	url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85076927157\&doi=10.1111\%2fpirs.12492\&partnerID=40\&md5=0915eca9a188b2df44da9945d6c2c4bd},
	author = {D{\textquoteright}Adda, D. and Iacobucci, D. and Palloni, R.}
}
@article {587,
	title = {Self-selection of entrepreneurial firms in thin venture capital markets: Theory and empirical evidence},
	journal = {Strategic Entrepreneurship Journal},
	volume = {13},
	year = {2019},
	pages = {47-74},
	publisher = {Blackwell Publishing Ltd},
	abstract = {<p>Research Summary: We develop a two-step selection model between entrepreneurial ventures and venture capital (VC) investors in a thin VC market. The model predicts that in a thin VC market, the availability of VC reduces the propensity of firms to self-select into the market for VC (demand-side selection) but not the probability that firms entering the market for VC will receive financing (supply-side selection). We test these predictions using survey-based data on 190 new technology-based firms in Italy during the late 1990s and early 2000s. The empirical evidence supports the predictions of the model. Managerial Summary: Venture capital (VC) is an important ingredient of an environment that is conducive to the birth and the growth of entrepreneurial ventures, but VC markets are often highly local and thin in terms of participants. We show that the scarcity of VC supply may cause a drop in the demand for VC because entrepreneurs, anticipating that competition for VC money will be tough, will not seek VC in the first place. The more a market is thin, the more the demand-side selection is likely to become more important than the supply-side selection of VC investors. Demand-side selection may involve a significant number of otherwise good targets for VC investment, which will not be in the radar of VC investors. In turn, this may deter new VC investors from entering the local market, thus creating a vicious cycle that raises concerns for both policy makers and VC general partners. Copyright {\textcopyright} 2017 Strategic Management Society</p>
},
	issn = {19324391},
	doi = {10.1002/sej.1280},
	url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85062715298\&doi=10.1002\%2fsej.1280\&partnerID=40\&md5=f0d198e85fe00e1a01a538dd1483c050},
	author = {Bertoni, F. and D{\textquoteright}Adda, D. and Grilli, L.}
}
