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Baruch Lev

@lev_baruch

Professor of Accounting and Finance at @NYUStern. Passionate about investments, accounting, capital markets and M&A issues.

 New York, NY
levtheendofaccountingblog.wordpress.com
Joined January 2017
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[03/17/22 NEW] The False Promise of ESG levtheendofaccountingblog.wo…
[03/17/22 NEW] The False Promise of ESG

[03/17/22 NEW] The False Promise of ESG

By Elizabeth Demers, Jurian Hendrikse, Philip Joos, and Baruch Lev Millions of investors and countless fund managers direct their investments to companies that are highly-rated on the basis of thei…

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[11/11/21 NEW] Interview of Baruch Lev with The Soul of the Enterprise levtheendofaccountingblog.wo…
[11/11/21 NEW] Interview of Baruch Lev with The Soul of the Enterprise

[11/11/21 NEW] Interview of Baruch Lev with The Soul of the Enterprise

Click or tap here to listen to the show! Ron and Ed welcome back Professor Baruch Lev from NYU Stern Business School. He was last on back in July 2016 and we discussed his book, The End of Accounti…

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[08/22/21 NEW] Interview with Baruch Lev about New Ways of Investing in Intangibles levtheendofaccountingblog.wo…
[08/22/21 NEW] Interview with Baruch Lev about New Ways of Investing in Intangibles

[08/22/21 NEW] Interview with Baruch Lev about New Ways of Investing in Intangibles

Listen to the full interview on Apple Podcasts here.

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[07/11/21 NEW] The Sad State of Accounting levtheendofaccountingblog.wo…
[07/11/21] The Sad State of Accounting

[07/11/21] The Sad State of Accounting

The Wall Street Journal reported (July 1, 2021) that the International Accounting Standards Board (IASB), the accounting body that sets the financial reporting rules of public companies in more tha…

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[06/06/21 NEW] Don’t Be Fooled By Corporate Losses levtheendofaccountingblog.wo…
[06/06/21] Don’t Be Fooled By Corporate Losses

[06/06/21] Don’t Be Fooled By Corporate Losses

A colleague opens his MBA finance class by asking the students: “Who would invest in a company which reported 10 consecutive years of losses?” Some of the students wonder whether they are in the ri…

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[05/10/21 NEW] Non-GAAP Earnings -Wishful Thinking or Real Profits levtheendofaccountingblog.wo…
[05/10/21] Non-GAAP Earnings -Wishful Thinking or Real Profits

[05/10/21] Non-GAAP Earnings -Wishful Thinking or Real Profits

On April 30, 2021, the Clorox Co. reported its financials for the quarter ended in March 31: Sales, $1.78 billion, were almost identical to same – quarter a year earlier, but GAAP (generally …

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[04/08/21 NEW] In Defense of Exxon levtheendofaccountingblog.wo…
[04/08/21] In Defense of Exxon

[04/08/21] In Defense of Exxon

A Google search of terms like “Exxon’s Problems” generates an almost endless array of articles and podcasts with scary titles like: “Exxon Mobile stock is in trouble due to strange management,” “Wh…

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[03/16/21 NEW] Earnings Guidance Is Back: Oh No, Oh Yes levtheendofaccountingblog.wo…
[03/16/21] Earnings Guidance Is Back: Oh No, Oh Yes

[03/16/21] Earnings Guidance Is Back: Oh No, Oh Yes

Around a third of U.S. public companies provided earnings guidance ― managers’ forecast of forthcoming earnings ― either quarterly and/or annually pre-pandemic. Roughly half of these companie…

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[02/21/21 NEW] The Poor State of Accounting Due to Intangibles levtheendofaccountingblog.wo…
[02/21/21] The Poor State of Accounting Due to Intangibles

[02/21/21] The Poor State of Accounting Due to Intangibles

Below is a recent report from PwC which cites our book and uses one of our graphs:

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[02/04/21 NEW] Back To The Future: FASB To Reverse Goodwill Accounting levtheendofaccountingblog.wo…
[02/04/21] Back To The Future: FASB To Reverse Goodwill Accounting

[02/04/21] Back To The Future: FASB To Reverse Goodwill Accounting

By Feng Gu and Baruch Lev In April 2020, Tapestry, Inc. (TPR) (luxury goods) announced a goodwill write-off of $211 million related to its line of Stuart Weitzman (shoes). Investors’ reaction was s…

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[01/15/21 NEW] The Rise, Fall, And Rise? Of The Conglomerates levtheendofaccountingblog.wo…

[01/15/21] The Rise, Fall, And Rise? Of The Conglomerates

Conglomerates — companies with entities operating in different industries or lines of business ― were in vogue for most of the 20th century. History buffs are surely familiar with the large conglom…

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[12/24/20 NEW] 2020: Four Myths Busted levtheendofaccountingblog.wo…
[12/24/20] 2020: Four Myths Busted

[12/24/20] 2020: Four Myths Busted

2020 was a calamitous year, but you know all about that. What you may not know is that four widely held beliefs among investors were empirically debunked in 2020. Here they are: ESG Is Not An “Equi…

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[12/04/20 NEW] M&A In The Wake Of Corona levtheendofaccountingblog.wo…

[12/04/20] M&A In The Wake Of Corona

By Feng Gu and Baruch Lev Mergers & acquisitions (M&A) activity came to a screeching halt early this year. Most acquisitions planned in the late 2019 (like Charles Schwab’s (SCHW) intention…

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[11/19/20 NEW] PODCAST : The End of Accounting – Financial Reporting in the Dock levtheendofaccountingblog.wo…
[11/19/20] PODCAST : The End of Accounting – Financial Reporting in the Dock

[11/19/20] PODCAST : The End of Accounting – Financial Reporting in the Dock

Below is from a Podcast appearance on the Accounting Influencers podcast Baruch on November 16, 2020 (originally published on bdacademy.pro here). Baruch Lev is the co-author with Feng Gu of “…

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[11/09/20 NEW] President Donald Trump’s Economic Scorecard (Podcast) levtheendofaccountingblog.wo…
[11/09/20] President Donald Trump’s Economic Scorecard (Podcast)

[11/09/20] President Donald Trump’s Economic Scorecard (Podcast)

Who the U.S. president will be for the next four years is dominating the headlines right now, but what of the previous four? In the wake of the Nov. 3 election, host Stephanie Flanders discusses wi…

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[10/28/20 NEW] When A Loss Isn’t Really A Loss levtheendofaccountingblog.wo…
[10/28/20] When A Loss Isn’t Really A Loss

[10/28/20] When A Loss Isn’t Really A Loss

By Feng Gu and Baruch Lev This is earnings season, and companies reporting losses are a daily occurrence. But even prior to COVID-19, losses proliferated. In 2019, a full 46% of U.S. public compani…

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[09/11/20 NEW] The ESG Factor: A Contrarian View levtheendofaccountingblog.wo…

[09/11/20] The ESG Factor: A Contrarian View

How many times have ESG (corporate environmental, social, and governance activities) names popped up on your screen in recent years? Likely too many to count. It seems that these days everyone, fro…

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[08/25/20 NEW] Academics Attack ESG for Failure to Outperform During Crisis levtheendofaccountingblog.wo…
[08/24/20] Academics Attack ESG for Failure to Outperform During Crisis

[08/24/20] Academics Attack ESG for Failure to Outperform During Crisis

By Amy Whyte In the aftermath of March’s coronavirus crash, numerous fund managers and data providers determined that companies with high ESG scores outperformed during the rapid sell-off — and a s…

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There is no better demonstration that “accounting is dead” than the fact that more than 90% of S&P 500 companies publish regularly “non-GAAP data.”
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[08/09/20 NEW] Opinion: The nightmare continues for ‘value’ investors. Here’s why levtheendofaccountingblog.wo…

[08/09/20] Opinion: The nightmare continues for ‘value’ investors. Here’s why

By Brett Arends It’s the multi-trillion dollar question plaguing the markets and long-term investors everywhere. Why are so-called “value” funds sucking so badly? Value’ investing, which means buyi…

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