The First Twenty Years of AEEUEA

Editors' Note: At AREUEA's 1985 annual meeting, a special session was held to celebrate the 20th anniversary of AREUEA. The session was proposed by George Gau, the 1985 program chairman, and chaired by Patric H. Hender-shott, the 1985 president. George and Pat selected four past presidents to discuss the first four five-year periods of AREUEA's history. The presentations were so informative that the Board of Directors proposed publication in some form to preserve the historical record of AREUEA. With the financial assistance of the Homer Hoyt Institute and the efforts of Marc A. Weiss, we are pleased to publish a slightly edited version of the four presentations.
An appendix to this article lists the officers and members of AREUEA's Board of Directors since 1965 (any corrections should be drawn to the editors' attention). We note that four individuals have served on AREUEA's Board for a decade or longer: William B. Brueggeman, Hugh O. Nourse, Maury Seldin and Halbert C. Smith. All were president and either editor or secretary-treasurer.     

Recent developments in European business ethics

In the first part of the paper, factual information is given about developments in European business ethics since it started on a more or less institutionalized basis, five or six years ago. In the second part some comments are presented on the meaning of the developments and the possible causes. Attention is given to resemblances and differences between American and European business ethics. In the short last part some suggestions are proposed about tasks business ethics will face in the next decade.Henk J. L. van Luijk is Professor of Ethics at Nijenrode, The Netherlands School of Business, Breukelen, The Netherlands, and at the University of Groningen, The Netherlands. He is chairman of the Executive Committee of EBEN, The European Business Ethics Network. His special field is business ethics. He is the author of three books on various philosophical subjects. In his special field he published several articles, mainly in Dutch philosophical and professional journals.     

Integrating standardization into engineering education: the case of forerunner Korea

The Republic of Korea is a forerunner in integrating the topic of standardization into engineering education at the academic level. This study investigates developments and evolutions in the planning and operating of the University Education Promotion on Standardization (UEPS) in Korea. This paper examines why the Korean government initiated the UEPS, how the UEPS has operated, and what the educational content of the UEPS program is. This study of the UEPS may serve as a benchmark of how to incorporate technical standards into science and technology education at both the national and individual university levels. Some implications and considerations for the future introduction of similar courses in other countries are discussed.     

Does an Agency‐Type of Audit Model Fit a Stewardship Context? Evidence from Performance Auditing in Dutch Municipalities

The degree of auditor independence is an important issue in the performance auditing literature. However, little attention has been paid to the influence of the context in which an audit body operates. This paper investigates how an audit model with a high degree of auditor independence, which is consistent with agency theory's rather formal view of relationships in organizations, functions in a context with more informal relationships, as implied by stewardship theory. Based on two case studies and a survey, the paper concludes that Dutch councilors are more satisfied with audit reports if in their municipality there is a fit between context and audit model.     

Founding large charities and community building in the Dutch Republic,c. 1600–1800

In this contribution, we study the founding of large charities for the elderly during the Dutch Republic, demonstrating their number and nature, with an emphasis on how almshouses for the elderly were intricately bound up with the concern to preserve honour. Personal honour, being tied to community honour, formed a vital part of the processes of patronage and corporatism that defined early modern Dutch society. Through almshouse foundations the religious and civic communities to which patrons and clients belonged were strengthened. Within the fragmented religious landscape of the Dutch Republic these charities played an important role in strengthening both mainstream and dissenter communities, while providing a decent old age to Dutch citizens.     

Managing Organizational Knowledge Integration in the Emerging Multimedia Complex

Due to technological convergence, complexes of interrelated industries are emerging. This paper presents a conceptual framework of the role different organizational forms and combinative capabilities play in the management of organizational knowledge integration in this context. The focus is on firms previously operating in one of the relatively stable constituting industries. We argue that a firm's organizational form has to be matched with appropriate combinative capabilities in order to integrate component knowledge into architectural knowledge that consequently serves as a platform for generating new product–market combinations. The framework is empirically illustrated using the example of two Dutch publishing firms moving into the multimedia complex, which is currently emerging around information and communication technologies. The empirical analysis shows that the framework offers strong potential for improving the understanding of the complex process of organizational knowledge integration, as the prerequisite for developing new business in an emerging industrial complex.     

Long-Run Implications for Developing Countries of Joint Implementation of Greenhouse Gas Mitigation

Joint Implementation (JI) calls for cooperation between industrialized and developing countries in the mitigation of greenhouse gas (GHG) emissions. However, a major concern of potential host countries is that, if they utilize their low-cost options for JI now, they will be left with only high cost options in the future, thereby penalizing them at a time when they may be obligated to mitigate GHGs themselves. This paper formalizes this hypothesis by utilizing an optimal control framework analogous to the Hotelling model of non-renewable resource extraction. The results are that cumulative abatement effects can impose costs on the future, but that they can be offset by technological change, market power, or compensation.     

Domestic liquidity and cross-listing in the United States

This study examines changes in domestic liquidity after cross-listing in the United States. Our liquidity measures are based on intraday data from domestic markets for a large sample of firms that cross-list in the United States and for a matched sample of firms that do not cross-list. We find that unadjusted liquidity significantly improves after cross-listing. However, after controlling for contemporaneous changes in liquidity for a matched sample of firms that do not cross-list, there is no evidence of improvements in domestic liquidity due to cross-listing. Our results offer no support for the bonding hypothesis, or for the hypothesis that cross-listing improves domestic liquidity because of increased intermarket competition and additional order flow.