That type of scheme does however help foster alignment, which can be more valuable than individual output. When the performance of the company is a bigger multiplier than your personal performance, you are financially more interested in the company doing well than your own stardom.
It doesn’t really drive people to work 80 hour weeks, but that isn’t by itself valuable anyway.
What I'm saying is, I think the GP comment is right, that a bonus scheme is unlikely to materially affect performance.