High Growth Sale, Leading in Industry and the Impacts of Product Market Competition on the Corporate Investment

This paper aims to investigate the impacts of product market competition on the corporate investment. Firms increase their investment when there is competition. However, high growth sale increases the impacts of product market competition on the corporate investment. In this position also, industry leaders invest more than before. For empirical review, data related 83 firms in Tehran stock exchange, during 2006-2015 were analyzed. Overall, the results obtained indicate that with increase of product market competition, corporate investment will be increased. Overall, the results be obtained also, firms which have a good position in their industry, and the so-called are industry leaders, increase their investment, when there is competition.