IronBridge Process
Investment Papers
Experience has taught us that markets evolve, theories get refined, and there are
always new insights to be gained.
To that end, we are using this space to share some of the papers we've produced.
We invite your feedback.
Tax Arbitrage Feedback Theory, by Samuel T.
Eddins, Director of Research, IronBridge Capital Management, L.P.
The Tax Arbitrage Feedback Theory is a new angle for understanding the global credit
crisis of 2008 - 2009, based on control theory principles and the axiom that investors
seek the highest expected after-tax return. This paper is also available at
www.ssrn.com.
Tyranny of Benchmarks, by Samuel T. Eddins,
Director of Research, IronBridge Capital Management, L.P.
Presidents, Politics, and Creating
Wealth, by Bartley J Madden, independent researcher and former partner at
HOLT Value Associates, L.P.
Maximizing Shareholder Value And The Greater Good, by
Bartley J Madden, independent researcher and former partner at HOLT Value Associates, L.P.
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Ask the question, "Should society want firms for maximize shareholder value?"
and responses are likely to exhibit a great deal of misinformed thought. This monograph
puts the spotlight on the key faulty notions by clarifying the shareholder-maximizing
rule of business firms for creating wealth and improving the standard of living
of society in general. This and other papers by Madden are available at
www.learningwhatworks.com
.
For Better Corporate Governance, The Shareholder Value Review
, by Bartley J Madden, independent researcher and former partner at HOLT Value Associates, L.P.
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The primary responsibility of boards of directors and management is to maximize
long-term shareholder value. Consequently, should not investors, as owners, demand
that an explicitly stated valuation framework be presented in the annual report
accompanied by its application to the firm's major business units? This and other
papers by Madden are available at www.learningwhatworks.com
.
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