Abstract
Shareholder perks are a unique program in the Japanese stock market. Compared with firms in other countries, Japanese companies have implemented shareholder-perk programs in a remarkable way. Approximately 30 percent of all listed companies in Japan offer shareholder perks programs. This study aims to clarify the past results and trends in research on shareholder perks and suggest future directions based on a survey of the literature, especially in Japan. The results of the Systematic Literature Review (SLR) revealed that the primary research methods of shareholder-perk studies have changed over the years, and empirical studies have been increasing mainly in the last few years, with some areas having a bias and lacking accumulation of research on certain issues. The results of this analysis suggest the future direction of research on shareholder perks.
https://ror.org/0197nmd03 
