Stock market populism- investment clubs and economic history -- Investment clubs as markets in microcosm -- Group composition & the business case for diversity -- Getting ahead versus getting along-decision making in investment clubs -- Reflections on investing in the 1990s -- Implications and...

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...