Investigating the interactive effect of intellectual capital and sustainable development on technological policies: an application of the Tobit panel model

The importance of technology as the main factor and engine of sustainable economic development in the world is clear. Since technology is developed in the lap of knowledge and by passing through the valley of research and development, it is possible to create fields of application of knowledge in human life, so today intellectual capital has become a very precious capital in the current business world. In this article, we intend to investigate the interactive effect of intellectual capital and sustainable development on technological policies in companies listed on the Tehran Stock Exchange, during the period 2015-2019, using the Tobit panel research method. The results of the research indicate that there is a significant relationship between sustainable development and technological policies, because technology not only causes change, but is itself a response to change towards sustainable development in society. There is no significant relationship between intellectual capital and technological policies. Intellectual capital affects the relationship between sustainable development and technological policies