Bartram, Söhnke M.; Brown, Gregory W.; Stulz, René M. - 2017
help explain the strength of the relation. We find evidence that the relation is weaker for firms with more growth options … relation between IR and MR is highly stable through time and is robust across exchanges, firm size, liquidity, and market-to … errors in analysts' earnings forecasts. Firm characteristics related to the ability of firms to adjust to higher uncertainty …