Shareholder litigation is important because it is costly and can influence firms reporting behavior. Prior research finds that attorneys incentives and specific firm characteristics drive shareholder litigation. In this study, I control for these known drivers in order to examine whether an...

We report a gift exchange experiment. Firms make wage offers; workers respond by determining an effort level. Higher effort is more costly to workers, and firms have no mechanism for punishing or rewarding workers. Consistent with the gift exchange hypothesis, workers provide more effort at...