【摘要】 企业作为技术要素市场的参与主体，探究企业的技术要素市场进入机制对明晰技术要素市场发展路径具有重要的现实意义。本文构建了企业研发合作影响技术要素市场进入的研究框架，以收益和风险的权衡为机制揭示企业的研发合作是否促进技术购买和技术出售，以及在此过程中企业与合作伙伴的知识重叠程度、企业技术能力发挥的调节作用。运用1707个自动驾驶企业2003—2017年的面板数据回归模型进行实证，得到以下研究结论：第一，企业研发合作对技术购买有倒U型影响，对技术出售有促进作用。第二，企业与合作伙伴的知识重叠程度越高，研发合作与技术购买之间的倒U型曲线越扁平，但是知识重叠在研发合作与技术出售之间没有显著的调节作用。第三，企业技术能力越强，研发合作与技术购买之间的倒U型曲线越陡峭，同时研发合作对技术出售的促进作用越强。本研究为企业如何利用研发合作进入技术要素市场提供参考。更多还原

【Abstract】 Firms are the primary entities engaging in the technological factor market, serving as both technology buyers and sellers. Examining the entry mechanism of technological factor market can clarify its development trajectory, which has significant practical implications. This paper investigated how firms′ R&D collaboration affects the buying and selling of technology respectively by considering the trade-off between benefits and risks. Based on the framework, this paper examined the moderator effects of firms′ technological capability and knowledge overlap with partners. Using a sample of 1,707 autonomous driving firms, together with the panel data spanning from 2003 to 2017, this study reached the following new findings: first, firms′ R&D collaboration has an inverted U-shaped effect on technology buying, and has a positive effect on technology selling; second, when a firm has a high degree of knowledge overlap with its partners, the inverted U-shaped relationship between R&D collaboration and technology buying will become flattening, but knowledge overlap does not have a significant moderating effect on the relationship between firm′s R&D collaboration and technology selling; third, when a firm has superior technological capability, the inverted U-shaped relationship between R&D collaboration and technology buying will become steepening, while the positive effect of R&D collaboration on technology selling will be strengthen. This study will provide some practical implications for firms to enter technological factor market by depending on their R&D collaboration.更多还原