The growing globalization of national economies, the increasing internationalization of production, and the rise of business networks and strategic alliances have dramatically changed the business landscape of the 1990s. These developments have created the necessity to further our understanding...

This paper proposes a hegemonic power hypothesis to examine the determinants of CEO compensation by drawing on insights from the field of international relations. It then reports results of an empirical test of this hypothesis. The results indicate a limited support for the hegemonic power...