International Science Community Association Research Journal of Recent Sciences 2277 - 2502 3 12 2014 December 2 Statistical analysis of the Impact of Intellectual Capital elements on future Performance: A Case Study of Tehran Stock Exchange 131 137 EN ShedageKishor Ashok 1 Laboratory of Molecular Cell Physiology, Department of Applied Bioresources, Faculty of Agriculture, Ehime University, Matsuyama-790-8566,JAPAN Yasushi Kuwabara 2 Fuji Nojo Service, 5247-34 Kitayama, Fujinomiya, Shizuoka, 418-0012, JAPAN Shunnosuke Abe1 3 Venture Business Laboratory, Ehime University, Matsuyama-790-8577, JAPAN EugeneHayato Morita 4 Salajegheh Sanjar 1 Member of scientific board, Management Department, Islamic Azad University of Kerman, IRAN Pirmoradi Nasrin 2 Khorshidi Gh 1 Dept. of management and accounting, Shahid Beheshti University, Tehran, IRAN Alipourian G.A. 2 Dept. of Management, Semnan University Tehran, IRAN Hosseini S.M. 3 Aminbeydokhti A.A. 4 Shahrzad M 1 Management Department, Azad University of Tehran, North Tehran Branch, IRAN Ramzgooyan G 2 Afshari A 3 ChoudharyZahid Javid 1 Department of Foreign Languages, College of Arts, Taif University, Taif, KSA Aghaie Atefeh 1 Dept. of Sociology, Allaneh Tabatabaei University, Tehran, IRAN Hajizadeh Kazem 2 Shahid Beheshti University, Tehran, IRAN ShahMuhammad Arif 1 University of Engineering and Technology, Mardan Campus, UET Peshawar, PAKISTAN Khan IftikharAhmed 2 Shafi Muhammad 3 Gholamreza Asadian 1 Department of Business Management, Payame Noor University, IRAN Motefakker Hossein 2 KV Nimisha 1 Post Graduate and Research Department of Chemistry, SreeNarayana College, Kannur, Kerala-670 007, INDIA Mohan Aparna 2 Janardanan C 3 Mojtaba Noorafshan 1 Islamic Azad University, Science and Research branch, IRAN KhoddamiPoor Ahmad 2 Shahid Bahonar University of Kerman, IRAN Zeinolabedin Sadeghi 3 KarimiDizicheh A 1 Department of Mathematics, Mobarakeh Branch, Islamic Azad University, Mobarakeh, IRAN A Davari 2 Department of Mathematics, Faculty of Sciences, University of Isfahan, Isfahan, IRAN TavassoliKajani M 3 Department of Mathematics, Khorasgan Branch, Islamic Azad University, Isfahan, IRAN Chahanjiri JavidGhanbari 1 Tarbiat Modares University, Tehran, IRAN Golabchi Mahmood 2 Architecture and Building Technology, University of Tehran, Tehran, IRAN RezaBemanian Mohammad 3 Hasanali Pourm 4 Majid Khosravi 1 2 Persian Language and Literature, Birjand University, Birjand, IRAN Giv AhmadLamei 2 Dept. of Arabic Language and Literature, Birjand University, Birjand, IRAN Behnamfar Mohammad 3 Habibisavadkouhi Saber 1 Research scholars in International Trade Law, Department of law, University of Mysore, INDIA Habibisavadkouhi Sadegh 2 Bhandari Manish 1 Jai Naraine Vyas University, Jodhpur, Rajasthan, INDIA Purohit Kamlesh 2 Jodhpur Institute of Technology, Jodhpur, Rajasthan, INDIA Sharma Manoj 3 Parham ShokouhiRazi 1 Department of Management Information Technology Electronic Branch, Islamic Azad University, Tehran, IRAN M.A. AfsharKazemi 2 Hoda Arooni 3 Hoorieh.A Abdi 1 Islamic Azad University, Bam Branch, Kerman, IRAN Faezeh Shamshiri 2 Islamic Azad University of Science and Research, Brujerd Branch, Lorestan, IRAN MajidiFatemeh Alsadat 3 Department of Architecture, Khorasgan (Isfahan) Branch, Islamic Azad University, Isfahan, IRAN Shafiq Farhan 1 Department of Computer Science, Federal Urdu University of Arts, Science and Technology Karachi, PAKISTAN Kamran Ahsan 2 Adnan Nadeem 3 Sarim Muhammad 4 BasitShaikh Abdul 5 Siddiq Muhammad 6 Rezaei Emad 1 Department of accounting, Malayer Branch, Islamic Azad University, Malayer, IRAN > Case Study 2013 10 25 2014 December 2 This research aimed toinvestigate the relationship between intellectual capital elements (human capital, customer capital and structural capital) and future performance of the listed companieson Tehran Stack Exchange. The Pulic Model was used for the intellectual capital and the EVA, P/E, Q, GR and ROA for the performance of the companies. Data required for calculating VAIC were collected from the annual reports of 111companies listed in Tehran Stock Exchange during the years 2007-2012. The statistical test used for data analysis was liner multiple regressions. Eviews6 software was used for test the hypotheses. The results of this study confirmed that there is a significant relationship between intellectual capital and two of thefinancial performance indexes, namely P/E and GR. But no relationship was observed between intellectual capital and Tobin Q index of financial performance. Copyright@ International Science Community Association