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	Curriculum Vitae - Baruch Lev
		Lev and S. Radhakrishnan, “The Valuation of Organization Capital,” in Corrado, Haltiwanger, and Sichel, eds., Measuring Capital in a New Economy, National Bureau of Economic Research and University of Chicago Press, 2005., pp.73-99.
		Lev and T. Sougiannis, "The Capitalization, Amortization and Value-Relevance of RandD," Journal of Accounting and Economics, (February 1996), 107-138.
		B. Berliner and B. Lev, "On the Use of the Maximum Entropy Concept in Insurance," Transactions of the 21st International Congress of Actuaries, Zurich and Lausanne, Switzerland, June 1980.
	pages.stern.nyu.edu /~blev/cv.html (2952 words)

	Diversity Within the Return to Religion: The Baal T’shuvah Phenomenon in Three Works of Recent Jewish American ...
		Baruch’s t’shuvah is therefore possible in a multicultural society and should be interpreted as a response to the “anomalous position of American Jews as members of an ethnic minority with majority status” (Rubin 510).
		Baruch clearly embraced the past when he was in Israel, and when he is back at home he wants to recreate the past as well because he wants to preserve “[t]his world, which had existed so fully in yeshiva (38).
		Baruch’s re-embracing of ultra-Orthodoxy combined with his religious fervour not only causes friction between himself and his immediate family but also proves to be the cause of a new generational conflict.
	www.ethesis.net /diversity/diversity.htm (14537 words)

	Texte zur Wirtschaft (Site not responding. Last check: )
		Baruch Lev: I would say that a good value measure should do three things: Firstly it should be quantifiable; you need a number or a set of numbers to come out at the end.
		Baruch Lev: It's expedient for me when giving a presentation to concentrate on measurable values that are of great concern to shareholders and managers.
		Baruch Lev: It has to be changed in the direction that knowledge assets will be treated with all the other problems - I am an accountant, I know there are problems - and they have to be treated carefully, but on the same level as other assets.
	www.tzw.biz /www/home/print.php?p_id=660 (2109 words)

	THREAD CLOSED Ask_Rande 7000+ USE NEW THREAD: The New Math
		Indeed Lev, with the assistance of a former student, Marc Bothwell of Credit Suisse Asset Management, has developed a method of estimating the value of companies' intangible or "knowledge" capital that should be added to existing book value to give a truly "comprehensive" net asset number.
		Lev and others found that this resulted in overstatements on ROE of as much as 50% for many of the drug makers.
		Lev recalls, by way of example, the hue and outcry raised when America Online in 1994 and 1995 tried to capitalize some of its customer acquisition costs, arguing that customers it was attracting through its promotion blitz of free software tended to become long-term subscribers.
	www.suite101.com /discussion.cfm/investing/42437/334892 (2950 words)

	The book of the month: “Intangibles: Management, Measurement, and Reporting” by Baruch Lev
		Baruch Lev argues that this lack of public information contributes to a higher cost of capital and affords abnormally large gains to insiders at the expense of outside investors.
		Baruch Lev identifies attributes of intangibles that are different from tangible assets (property, plant, and equipment), by focusing on their distinctive role in value-creation.
		Baruch Lev is professor of accounting and finance at New York University and the director of the Vincent C. Ross Project for Research on Intangibles.
	www.juergendaum.com /news/10_30_2001.htm (1233 words)

	IR ON THE NET: Intangibles update (Site not responding. Last check: )
		Moderated by Adrienne Baker, North American editor of Investor Relations magazine, the panel comprised Baruch Lev, professor of finance and accounting at the Stern School of Business, and John Wood, president and CEO of the Playfair Group and advisor on FASB's intangibles project.
		Baruch Lev: Most people think of putting intangibles on the balance sheet but this is not of great importance.
		Lev: One of the asymmetries of accounting for intangibles is that many are accounted for when they are acquired but the main intangibles that are self-generated like R&D and brand are not accounted for.
	www.ironthenet.com /feature.asp?articleID=2371 (1475 words)

	Baruch Lev
		September 5, 2003, Lev testified before the House of Representatives concerning: "The Report of The Board of Directors of The Federal Home Loan Mortgage Corporation." Click here to view the testimony.
		February 6, 2002, Lev testified before the House of Representatives Committee on Energy and Commerce on: "The Reform of Corporate Reporting and Auditing." Click here to view the testimony.
		In May 2001, an SEC-appointed committee on "Strengthening Financial Markets" (Baruch Lev member) released its report, recommending supplemental corporate disclosure about intangible assets.
	pages.stern.nyu.edu /~blev (201 words)

	Baruch Lev
		Baruch Lev is the Philip Bardes Professor of Accounting and Finance at New York University, Stern School of Business, the Director of the Vincent C. Ross Institute for Accounting Research and the Project for Research on Intangibles.
		In recognition of this research, Baruch Lev was awarded numerous prizes and an honorary doctorate.
		Baruch Lev was recently elected by Accounting Today (September 27, 1999) to the Top 100 Most Influential People in the profession -- those who "are changing the way in which the profession does business," and re-elected on October 8th, 2000 to the year 2000 list of the 100 "most influential people."
	www.valuebasedmanagement.net /books_lev_intangibles.html (622 words)

	untitled
		Berliner and B. Lev, "On the Use of the Maximum Entropy Concept in Insurance," Transactions of the 21st International Congress of Actuaries, Zurich and Lausanne, Switzerland, June 1980.
		Lev, "On the Association between Operating Leverage and Risk," Journal of Financial and Quantitative Analysis (September 1974), 627-41.
		Lev, "Decomposition Measures for Financial Analysis," Financial Management, 2 (Spring 1973), 56-63.
	www.stern.nyu.edu /~blev/vitae.html (2739 words)

	Book of Baruch - Wikipedia, the free encyclopedia
		He quotes the same passage of Baruch in III 40 1 to help answer "whether Christ should have associated with men, or led a solitary life" III 40.
		A.D. 217, quoted Baruch 3:16-19, referring to the passage thus: "Divine Scripture, addressing itself to those who love themselves and to the boastful, somewhere says most excellently: 'Where are the princes of the nations...'" (see "Paean for Wisdom" example infra) (Jurgens §410a).
		Baruch 6 is quoted in CCC §2112 as part of an exposition against idolatry.
	en.wikipedia.org /wiki/Book_of_Baruch (983 words)

	Interview with Baruch Lev: Accounting, Reporting and Intangible Assets
		Baruch Lev: One of the major problems with today’s accounting systems is, that they are still based on transactions, such as sales.
		Baruch Lev: Intangible assets, such as new discoveries like drugs, software programs, brands or unique organizational design and processes that provide a competitive advantage, are by and large not traded in organized markets, and the property rights over these assets are often not fully secured by the company.
		Baruch Lev: Managers should develop the capability to assess the expected return on investment in RandD, employee training, information technology, brand enhancement, online activities, and other intangibles and compare these returns with those of physical investment in an effort to achieve optimal allocation of corporate resources.
	www.juergendaum.com /news/03_06_2002.htm (1724 words)

	Search Result -- WSJ Interactive Edition
		The March 1997 study by Baruch Lev, an accounting and finance professor at New York University, and Zhen Deng, an NYU graduate student in accounting, found an increasing number of companies using the 22-year-old rule.
		Lev estimates that by the fiscal year ended May 1996, 3Com's write-offs had boosted its annual earnings by 23% over the level that would have been reported if the acquired RandD had been written off over four years.
		Lev says that if Novell had written off the RandD expenses over four years, its net income would have been $19.5 million in the year ended October 1996, less than one-sixth of the $126 million it actually reported.
	www.uic.edu /classes/actg/actg516rtr/Readings-Gen/Lev-Rd.htm (1216 words)

	Texte zur Wirtschaft (Site not responding. Last check: )
		Baruch Lev appears to be a man of subtle contradictions:
		Now, it's true that Baruch Lev places more importance upon innovation and knowledge than cash burn, and I'll get to that point later, but first I'd like to voice my concerns over the optimist as accountant.
		I don't think Baruch Lev practices "Monday morning quarterbacking" so much as the great American ritual of baseball - he certainly seems to be covering all his bases.
	www.tzw.biz /www/home/article.php?p_id=404 (1357 words)

	Guess Again - CFO.com
		Baruch Lev want companies to come clean on missed estimates.
		Baruch Lev, a professor at the Stern School of Business at New York University, wants companies to continually update former estimates when the real numbers become available.
		Still, Lev says that's a far cry from requiring companies to report their actuals on an ongoing basis.
	www.cfo.com /printable/article.cfm/3008202?f=options (354 words)

	All About Financial Analysts - Industry Trend or Event Electronic News - Find Articles (Site not responding. Last check: )
		The difference is that, with the help of two Ph.D. students, Baruch Lev was able to learn a lot about the basis for analysts' predictions.
		Lev wanted to see what analysts added to information already available through a company's financial statements and changes in stock prices.
		Although Lev's study did not cover the issue, "there are lots of allegations that they basically push the stocks which their companies are underwriting.
	www.findarticles.com /p/articles/mi_m0EKF/is_47_46/ai_69237004 (841 words)

	PMA 2002 Conference
		Baruch Lev presented a new perspective on the valuation of company performance that is grounded in economic theory.
		Lev asked the question as to why this productivity in the US is greater than in other parts of the world.
		Lev believes E-TFP is a better measure as it focuses on the efficiency and productivity of the company, which is the major contributor to performance.
	www.som.cranfield.ac.uk /som/cbp/pma/pma2002.htm (3554 words)

	exploreCO
		Lev has led the charge against the FASB and the SEC and their apparently unreflective and intransigent enforcement of traditional accounting rules.
		Lev may be the most prominent, but is far from the only person arguing that the rules, embodied in GAAP and the SEC, suffer from fundamental flaws.
		Kleiner mentions the blow to Lev’s campaign as a result of the bubbly valuations of the later 1990s, but insists that his essential argument retains its relevance and importance.
	www.manyworlds.com /exploreCO.aspx?coid=CO670410454576 (418 words)

	NYU Stern - Faculty Index
		Baruch Lev is the director of the Vincent C. Ross Institute of Accounting Research and the Philip Bardes Professor of Accounting and Finance at New York University Stern School of Business.
		In addition to his research, Professor Lev has been recognized by Accounting Today as one of the top 100 Most Influential People in the accounting profession in 1999 and 2000, was awarded the Outstanding Educator Award by the American Accounting Association, an honorary doctorate by Vasaa University, Finland, and numerous other awards.
		Before joining NYU, Professor Lev held professorial positions at the University of Chicago, the Hebrew University of Jerusalem, Tel Aviv University where he was dean of the business school and University of California at Berkeley (jointly appointed by the business and law schools).
	w4.stern.nyu.edu /faculty/facultyindex.cgi?id=17 (275 words)

	Art Kleiner: The World's Most Exciting Accounting _ strategy+business
		Later, Professor Lev came to use phrases like “perverse distortions” and “worse than useless” to describe standard accounting practices, but at the time, he merely told the aide that they represented a “deficiency” because they omitted intangibles.
		In person, Baruch Lev is a trim, bespectacled man in his 60s who has the qualities you might expect in a maverick accounting professor: an informal style of dress and speech, overlaid by a cerebral and severe mien, with flashes of sardonic humor.
		One of Professor Lev’s most intriguing examples of this spiral — but one that has gotten very little attention in the press — is his recent work on the decline of innovation in the chemical industry over the last 30 years.
	www.well.com /user/art/sbsum2004cc.html (2395 words)

	WSJ: PCAOB Should First Investigate Auditing Failures (Site not responding. Last check: )
		Lev also recommends that the board resist blindly adopting the accounting industry's standards, and instead establish open-ended guidelines for certifying financial reports.
		Such a move will enable auditors to substantiate their findings by focusing on business fundamentals, instead of compliance with the generally accepted accounting principles only, says Lev.
		Addressing the issue of who should be "auditing the auditors," Lev points to recent retirees of accounting firms -- such as partners who retired in their 50's -- who could serve as investigators, barring conflicts of interest, of the some 15,000 public companies the PCAOB is charged to oversee.
	accounting.smartpros.com /x36894.xml (197 words)

	Experts Discuss the Adequacy of GAAP and the Future of Corporate Reporting
		Baruch Lev, professor of Accounting and Finance at New York University’s Stern School of Business, noted that the original idea of projections and estimates, such as debt and cash flow, was good but has led to two significant developments: projections of the stock market and “massaging, managing estimates” by managers.
		Lev and other panelists indicated that they support a distinction in financial reports between facts and estimates, or “guesses,” as one panelist characterized them, so that users can assess the plausibility of the numbers.
		Lev noted, though, that companies don’t always use available guidance, sometimes because of “sheer ignorance,” and sometimes because they don’t gather the necessary information.
	www.nysscpa.org /trustedprof/805/tp7.htm (943 words)

	exploreCO
		Lev has a simple answer: The information needed by investors and managers alike to make better decisions is hard to acquire.
		Baruch Lev’s answer is to generate better information about your investments in intangibles and to disclose at least some of that data to the capital markets.
		Lev concludes by responding to two concerns likely to be expressed about his suggestions—the fear that competitors will benefit from access to proprietary information and that companies’ exposure to litigation will increase.
	www.manyworlds.com /exploreCO.aspx?coid=CO640410454632 (563 words)

	New Math for a New Economy
		Just about everything, says Baruch Lev, who has proposed a new method for determining the value of the intangible assets that are at the heart of the new economy.
		The problem, says Lev, is that the systems of accounting and financial reporting that are being used today date back more than 500 years.
		Lev, who is also director of the Vincent C. Ross Institute of Accounting Research and the Project for Research on Intangibles, has become the most articulate, thoughtful, and outspoken critic of old-fashioned accounting, and the most creative advocate of a new, knowledge-based approach to accounting.
	www.fastcompany.com /magazine/31/lev.html (4068 words)

	Thomson Financial Signs NYU Stern School Of Business Professor Baruch Lev As Special Consultant To Its IntangiblesIQ ... (Site not responding. Last check: )
		Lev, a renowned authority on intangible assets, valuation, and accounting, will work with Thomson Financial on its IntangiblesIQ Advisory service, speak at IntangiblesIQ conferences and serve on the advisory board of the business.
		Baruch Lev is director of the Vincent C. Ross Institute for Accounting Research and the Project for Research on Intangibles at NYU.
		Lev has published four books and more than 75 studies on measurement, valuation and reporting issues, many of these focused on intangible assets.
	www.pressi.com /ca/release/67679.html (642 words)

	ITworld.com - Intangible Assets: an interview with Baruch Lev
		It's an argument that Baruch Lev, a professor of accounting and finance at New York University's Stern School of Business and a true evangelist, has been making to anyone willing to listen.
		One of the most respected authorities on the issue, Lev has provided evidence to the SEC for its deliberations, and in July he testified before a Senate committee about the increasingly urgent need for companies to make fuller disclosure of intangibles.
		Lev: The market value of SandP 500 companies is more than six times what's on their books.
	www.itworld.com /Man/2817/CIO010315lev (2021 words)

	Yedid Nefesh - Kaballah - Talmud Yerushalmi
		In these books, the author brings the intentions specified by the Ari zal in clear language, and whoever has learned the introduction is able to learn and understand the intentions during prayer.
		Baruch Hashem the Zohar with the commentary, Yedid Nefesh, is considered one of the best works on the Zohar, and is learned by all sections of the community.
		The Rabbis gave their approbations to the commentary of Rav Bar-Lev and Baruch Hashem the works are learned in yeshivas, shuls and study halls.
	www.yedidnefesh.com (1383 words)

	"Looking at business. Evaluating intangible assets. Yours, or one you're going to invest in. From Bay Yacht Agency / ...
		Accounting is the land of bean counters, of number crunchers men and women with green eyeshades and calculators.
		The disconnect, says Lev, effects more than just financial analysts and corporate financial officers: Employees don't know how to value their contributions accurately.
		These questions, says Lev, and more cannot be adequately answered with today's accounting and financial reporting methods.
	www.bayacht.com /resource/business/busvalue.htm (4508 words)

	8th Annual Conference on Product Development and R&D Metrics - Keynote Presentations
		Baruch Lev, Professor, New York University, Stern School of Business, Director of the Project for Research on Intangibles and author of INTANGIBLES: Management, Measurement, and Reporting
		The key to adequate funding of RandD activities and maintaining favorable investors’ perceptions of corporate innovations is the capacity to quantify the quality of the firm’s technological capabilities and the prospects of its RandD projects.
		This, of course, is not an exact science, but Dr. Lev will discuss various field-proven approaches for the assessment of RandD prospects, and the effective communication of these assessments to outsiders (managers, investors).
	www.managementroundtable.com /Event_Center/MET03/MET03-keynote.html (957 words)

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