Who posts performance bonds and why? Evidence from China's CEOs
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. We show that they are an important feature in today's CEO labour market in Chin...
| Main Authors: | , , |
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| Format: | Article |
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Elsevier
2014
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| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/29814/ |