performance bonds, security deposits, executive compensation, CEO's, corporate governance, agency theory, China

Publication date: 22 Sep 2012 | Publication type: Conference and seminar output | Theme: Employment & Social policy, Britain & Finance | Authors: Bryson, A, Forth, J | External authors: Zhou, M.
Despite their theoretical value in tackling principal-agent problems at low cost to firms there is almost no empirical literature on the prevalence and correlates of performance bonds posted by corporate executives. Using data for China we examine their incidence and test propositions from...
Publication date: 20 Feb 2012 | Publication type: Conference and seminar output | Theme: Employment & Social policy | Authors: Bryson, A, Forth, J | External authors: Minghai Xu | JEL classification: G34; J31; J33; M12; M52; O16; P31
Despite their theoretical value in tackling principal-agent problems at low cost to firms there is almost no empirical literature on the prevalence and correlates of performance bonds posted by corporate executives. Using data for China we examine their incidence and test propositions from...