Firms are the primary entities engaging in the technological factor market,serving as both technology buyers and sell-ers.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 respec-tively 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,to-gether with the panel data spanning from 2003 to 2017,this study reached the following new findings:first,firms'R&D collabo-ration 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 tech-nology buying will become flattening,but knowledge overlap does not have a significant moderating effect on the relationship be-tween 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 tech-nological factor market by depending on their R&D collaboration.
关键词
研发合作/技术要素市场进入/知识重叠/技术能力
Key words
R&D collaboration/entry into technological factor market/knowledge overlap/technological capability
维普
万方数据