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Increasing the stockholders' wealth and explicit prospect of profitability specially is noteworthy for managers. There are various factors involve in companies profitability. Finding these reveal or hide factors and demonstrating their relation with profitability of companies, is a demand from managers and beneficiaries. In recent years, it is talk about a latent resource in companies as intellectual capital and some patterns offered for measuring it; then its relation with different items investigated. In this regard, the present research investigate the relation between grow rate of intellectual capital and future profitability of productive companies that accepted in Tehran stock exchange. For this purpose, the return on sales , return on equity, return on asset and circulating capital return, all used for determining the future profitability; and the financial lever and company size used as control variables. The time scale of this research is from 2008 to 2013. and it covers 97 companies. The results of this research show that there is a direct relation between grow rate of intellectual capital and future profitability of companies. In addition, the financial lever as a control variable has a significant coefficient in all hypothesizes. This result obtained from real data for those managers that increasing the wealth and interest for company is a central point in their long and short time goals, so this is a thinkable issue.

The relationship between grow rate of intellectual capital and future profitability of productive companies that accepted in Tehran stock exchange