Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2012
literature on the prevalence and correlates of performance bonds posted by corporate executives. Using data for China we examine … corporations deploy performance bonds. They are sizeable relative to CEO cash compensation. Ceteris paribus, CEO's posting … performance bonds are more likely than other CEO's to have their compensation linked to firm performance in other ways and the …