采用纵向单案例研究方法，剖析跨国产学研合作中治理机制和信任构建在不同合作阶段的动态演变。研究发现：①跨国企业在东道国的前期经营基础是推动跨国产学研合作项目顺利开展的基石；②在跨国产学研合作中，“治理-信任”关系呈现“互补适配—交互增强—共生融合”的阶段演化特征，两者互相促进并推动了不同合作主体的价值共创；③各合作主体的角色和地位会随着合作的深入而发生改变，跨国企业是推动合作形成的基础条件，高校是跨国产学研合作中知识创新和价值共创的主要来源，政府部门和其他企业参与则是实现价值共创的重要推动力量。

A longitudinal single-case study method was adopted to analyze the dynamic evolution of governance mechanisms and trust building in cross-border industry-university-research collaboration (CIURC) at different cooperation stages. The findings are as follows: ①the early operational foundation of multinational enterprises in the host country serves as the cornerstone for the smooth implementation of CIURC projects; ②in CIURC, the “governance-trust” relationship exhibits a phased evolutionary pattern of “complementary adaptation-interactive enhancement-symbiotic integration”, and the two promote each other and drive the value co-creation among different cooperative entities;③the roles and status of each cooperative entity will change as the cooperation deepens. Among them, multinational enterprises provide the fundamental conditions for the formation of cooperation, universities serve as the main sources of knowledge innovation and value co-creation in CIURC, and the participation of government departments and other enterprises is an important driving force for achieving value co-creation.