Gong, Ning; Guo, Lixiong; Wang, Zhiyan - 2021
We examine how shareholder litigation affects workplace safety. To identify a causal impact, we exploit the staggered … adoption of Universal Demand (UD) laws by U.S. states, which lowers shareholder derivative litigation risk. Using establishment …-level injury data and a Covid-19 exposure dataset in the U.S., we find that weakened shareholder litigation rights compromise …