Hi,
Generally, it could. However, you would lost your personal file and some application you installed manually.
Thus I suggest you backup them before you reset the computer.
In addition, since you said this issue occurred after system restore. Why didn't you try undo it as S.Sengupta said?
You could follow these steps to undo system restore:
System Restore: frequently asked questions ("Can I undo the changes System Restore makes?" entry)
http://windows.microsoft.com/en-in/windows/system-restore-faq#1TC=windows-7
meanwhile, refresh your PC without affecting your files is another option for you:
How to refresh, reset, or restore your PC
http://windows.microsoft.com/en-IN/windows-8/restore-refresh-reset-pc