The Impact of Market Competition on Investment Decisions of Companies Manufacturing Listed in Tehran Stock Exchange

Competitiveness means sustainability or the ability to participate in the business market, protect the assets of the company, and get (back) or guarantee investment jobs of the future. The definition implies that competition can be an important influence on the company’s activities. Investment is an activity in the use of funds that generates a future revenue stream. A company investment decisions indicate its potential on investment and profitability. Competition increases investment among manufacturing firms. This study attempts to examine the impact of market competition on corporate investment decisions. It also addressed competition on some of the company's activities. To this end, data recruited from 82 manufacturing companies in Tehran Stock Exchange from 1386 to 1390 were analyzed using the regression model. In general, the results proved that confirmed this product market competition affects the investment decisions of manufacturing companies.