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MVA |
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The consultant firms include EDSA, landscape design; Lehr Consultants International, mechanical engineers; WL|Delft Hydraulics, waterfront engineers; Cansult, road systems; and MVA, transportation engineering. The results from both the 1996 and 2001 samples indicated: 1) a positive relationship between the percentage of female board members (directors) and Market-Value-Added (MVA), 2) a negative relationship between the number of female board members (directors) and MVA, and 3) a negative correlation between board size and MVA The results, with regard to board composition and size, have implications for not only firm financial performance but also corporate governance structure. MVA is essentially a measure of the efficiency with which a CEO has used the capital at his or her disposal (see "MVA Methodology" p. |
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