Introduction -- Early theorizing about money illusion -- Rejection of money illusion -- Revival of money illusion -- Money illusion and its applications -- Economic literacy and money illusion -- Economic literacy and money illusion, an experimental approach -- Experimental results -- Index

In this paper, we conducted an empirical analysis of the impact of implementation of shareholder perks, which attract small investors, on the risks of Japanese stocks. We tested hypotheses on the impact of implementation of shareholder perks on cost of equity capital, idiosyncratic risk, stock...