Bryson, Alex; Forth, John; Zhou, Minghai - London School of Economics (LSE) - 2014
important feature in today's CEO labour market in China: around one-tenth of corporations deploy performance bonds and they are … is consistent with optimal reward structures for multi-tasking agents. Those CEOs posting bonds are higher in the … Communist Party ranks, were promoted via tournaments, and run larger firms, findings consistent with using bonds as an incentive …