Investigating the Relation of between Intellectual Capital and Financial Performance of Companies Listed in Tehran Stock Exchange

This century is called economy based knowledge. These days, the role and importance of knowledge capital has increased and it caused to be economic and research subject. The purpose of the research is to investigate the association between the intellectual capital of firms and their financial performance.The research used value added intellectual coefficient, developed by public, to measuring intellectual capital. This coefficient is most important and valuable method to measuring intellectual capital. The data sample is restricted to 146 companies listed on Tehran stock exchange between years 1383 and 1387.The research addressed four hypothesis and used regression for the data analysis. The findings showed that intellectual capital and company performance are positively related, intellectual capital is correlated to future company performance, the rate of growth of a company's intellectual capital is not related to the company's performance, and the contribution of intellectual capital to company performance differs by industry.