Baruch Lev

New York University - Stern School of Business

Philip Bardes Professor of Accounting and Finance

40 West 4th Street, Suite 400

New York, NY 10012

United States

http://www.baruch-lev.com

SCHOLARLY PAPERS

49

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949

Scholarly Papers (49)

1.

Explaining the Recent Failure of Value Investing

NYU Stern School of Business
Number of pages: 29 Posted: 28 Aug 2019 Last Revised: 31 Mar 2020
Baruch Lev and Anup Srivastava
New York University - Stern School of Business and University of Calgary - Haskayne School of Business
Downloads 13,820 (677)
Citation 31

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Value investing, Growth investing, Hedged portfolio, Intangibles, R&D, Market to book ratio, Credit crisis

Remarks on the Measurement, Valuation, and Reporting of Intangible Assets

Economic Policy Review, Vol. 9, No. 3, September 2003
Number of pages: 6 Posted: 25 Aug 2005
Baruch Lev
New York University - Stern School of Business
Downloads 3,137 (8,117)

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accounting, intangibles, intangible assets, investment

Remarks on the Measurement, Valuation, and Reporting of Intangible Assets

NYU Working Paper No. 2451/27468
Number of pages: 6 Posted: 08 Oct 2008
Baruch Lev
New York University - Stern School of Business
Downloads 2,696 (10,333)

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accounting, intangibles, intangible assets, investment

3.

ESG Didn’t Immunize Stocks During the COVID-19 Crisis, But Investments in Intangible Assets Did

Journal of Business Finance & Accounting, 48, 433-462. Open Access: http://dx.doi.org/10.1111/jbfa.12523
Number of pages: 46 Posted: 18 Aug 2020 Last Revised: 22 Aug 2021
University of Waterloo, Tilburg University, Tilburg University and New York University - Stern School of Business
Downloads 5,626 (3,104)
Citation 6

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ESG, COVID-19, CSR, Corporate Social Responsibility, Share Price Resilience, Crisis, Intangibles, Market Crash

4.

Is Doing Good Good for You? How Corporate Charitable Contributions Enhance Revenue Growth

Number of pages: 40 Posted: 27 Jul 2006 Last Revised: 26 Jan 2009
New York University - Stern School of Business, College of William and Mary - Mason School of Business and JSOM, University of Texas at Dallas
Downloads 3,563 (6,742)
Citation 72

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corporate philanthropy, revenue growth, customer satisfaction, social responsibility, causality tests

5.

What Value Analysts?

Number of pages: 41 Posted: 13 Jan 2000
Eli Amir, Baruch Lev and Theodore Sougiannis
Tel Aviv University, New York University - Stern School of Business and University of Illinois at Urbana-Champaign - Department of Accountancy
Downloads 2,968 (9,021)
Citation 13

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6.

Intangibles

Number of pages: 51 Posted: 14 Aug 2018
Baruch Lev
New York University - Stern School of Business
Downloads 2,889 (9,375)
Citation 19

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Intangibles, financial reports, accounting policies, technology, research agenda

7.

The Value-Relevance of Intangibles: The Case of Software Capitalization

Number of pages: 43 Posted: 20 Jan 1999
David Aboody and Baruch Lev
University of California, Los Angeles (UCLA) - Accounting Area and New York University - Stern School of Business
Downloads 2,889 (9,375)
Citation 28

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Quantifying Managerial Ability: A New Measure and Validity Tests

Management Science, Forthcoming, AAA 2009 Financial Accounting and Reporting Section (FARS) Paper, AAA 2009 Management Accounting Section (MAS) Meeting Paper
Number of pages: 33 Posted: 11 Sep 2008 Last Revised: 13 Nov 2011
School of Accountancy, J. Mack Robinson College of Business, Georgia State University, New York University - Stern School of Business and University of Washington
Downloads 2,848 (9,433)
Citation 231

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Managerial ability, data envelopment analysis

Quantifying Managerial Ability: A New Measure and Validity Tests

Management Science, Forthcoming
Posted: 01 Nov 2011
School of Accountancy, J. Mack Robinson College of Business, Georgia State University, New York University - Stern School of Business and University of Washington

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Managerial Ability, Managerial Talent, Managerial Efficiency

9.
Downloads 2,793 ( 9,920)
Citation 69

A Rude Awakening: Internet Shakeout in 2000

EFA 0660; EFMA 2000 Athens Meetings; Simon Business School Working Paper No. FR 00-13
Number of pages: 45 Posted: 21 Nov 2000
Elizabeth Demers and Baruch Lev
University of Waterloo and New York University - Stern School of Business
Downloads 2,608 (10,863)
Citation 64

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Internet, valuation, cash burn, web traffic, intangibles, knowledge assets

A Rude Awakening: Internet Shakeout in 2000

NYU Working Paper No. 2451/27462
Number of pages: 45 Posted: 08 Oct 2008
Elizabeth Demers and Baruch Lev
University of Waterloo and New York University - Stern School of Business
Downloads 185 (334,199)
Citation 5

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10.
Downloads 2,738 (10,247)
Citation 19

The Persistence of the Accruals Anomaly

Number of pages: 37 Posted: 15 May 2004
Baruch Lev and Doron Nissim
New York University - Stern School of Business and Columbia University - Columbia Business School
Downloads 2,365 (12,682)
Citation 5

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The Persistence of the Accruals Anomaly

NYU Working Paper No. 2451/27466
Number of pages: 37 Posted: 08 Oct 2008
Baruch Lev and Doron Nissim
New York University - Stern School of Business and Columbia University - Columbia Business School
Downloads 373 (163,724)
Citation 14

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Predicting Future Earnings Changes Using Machine Learning and Detailed Financial Data

Journal of Accounting Research, Forthcoming
Number of pages: 91 Posted: 03 Feb 2021 Last Revised: 14 Feb 2022
New York University (NYU) - Leonard N. Stern School of Business, HKUST, New York University (NYU) - Department of Accounting and New York University - Stern School of Business
Downloads 2,500 (11,615)
Citation 39

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Direction of Earnings Changes; Prediction; Detailed Financial Data; XBRL; Machine Learning

Predicting Future Earnings Changes Using Machine Learning and Detailed Financial Data

Journal of Accounting Research, Volume 60, Issue 2, 2022
Posted: 11 Oct 2022
New York University (NYU) - Leonard N. Stern School of Business, HKUST, New York University (NYU) - Department of Accounting and New York University - Stern School of Business

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direction of earnings changes, prediction, detailed financial data, XBRL, machine learning

12.
Downloads 2,465 (12,084)
Citation 8

Markets in Intangibles: Patent Licensing

Number of pages: 33 Posted: 29 Jul 2001
Feng Gu and Baruch Lev
State University of New York at Buffalo and New York University - Stern School of Business
Downloads 2,152 (14,761)
Citation 8

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Patent licensing; Royalty; Intangibles

Markets in Intangibles: Patent Licensing

NYU Working Paper No. 2451/27465
Number of pages: 33 Posted: 08 Oct 2008
Feng Gu and Baruch Lev
State University of New York at Buffalo and New York University - Stern School of Business
Downloads 313 (198,214)

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patent licensing, royalty, intangibles

The Usefulness of Accounting Estimates for Predicting Cash Flows and Earnings

Number of pages: 64 Posted: 06 May 2005 Last Revised: 02 Feb 2009
Siyi Li, Baruch Lev and Theodore Sougiannis
California State University, Fullerton - Department of Accounting, New York University - Stern School of Business and University of Illinois at Urbana-Champaign - Department of Accountancy
Downloads 1,778 (20,031)
Citation 26

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Accounting Estimates: Pervasive, Yet of Questionable Usefulness

NYU Working Paper No. 2451/27469
Number of pages: 52 Posted: 08 Oct 2008
Baruch Lev, Siyi Li and Theodore Sougiannis
New York University - Stern School of Business, California State University, Fullerton - Department of Accounting and University of Illinois at Urbana-Champaign - Department of Accountancy
Downloads 544 (104,600)

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14.

Managerial Ability and Earnings Quality

Accounting Review, Forthcoming
Number of pages: 51 Posted: 28 Jul 2010 Last Revised: 12 Dec 2012
School of Accountancy, J. Mack Robinson College of Business, Georgia State University, Brigham Young University - Marriott School of Business, New York University - Stern School of Business and University of Washington
Downloads 2,255 (13,983)
Citation 53

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Managerial ability, managerial efficiency, earnings quality, accruals quality

15.

Machine Learning Improves Accounting Estimates: Evidence from Insurance Payments

Number of pages: 50 Posted: 12 Oct 2018 Last Revised: 05 May 2020
affiliation not provided to SSRNSouthwestern University of Finance and Economics (SWUFE) - School of Accountancy, New York University - Stern School of Business, Southwestern University of Finance and Economics (SWUFE), The College of New Jersey and Rutgers Business School
Downloads 1,783 (20,323)
Citation 24

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machine learning, accounting estimates

16.
Downloads 1,617 (23,540)
Citation 9

The Valuation of Biotech Ipos

Number of pages: 57 Posted: 04 Feb 2005
Re-Jin Guo, Baruch Lev and Nan Zhou
University of Illinois at Chicago - Department of Finance, New York University - Stern School of Business and University of Cincinnati - Lindner College of Business
Downloads 1,348 (30,414)
Citation 2

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Valuation, Biotech IPOs, Non-Financial information

The Valuation of Biotech IPOs

NYU Working Paper No. 2451/27471, UIC College of Business Administration Research Paper No. 08-04
Number of pages: 58 Posted: 08 Oct 2008 Last Revised: 06 Nov 2012
Re-Jin Guo, Baruch Lev and Nan Zhou
University of Illinois at Chicago - Department of Finance, New York University - Stern School of Business and University of Cincinnati - Lindner College of Business
Downloads 269 (232,460)
Citation 7

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Valuation, Biotech IPOs, Non-Financial information

The Valuation of Biotech Ipos

Journal of Accounting, Auditing and Finance, Vol. 20, No. 4, pp. 423-459, Fall 2005
Posted: 24 Aug 2005
Re-Jin Guo, Baruch Lev and Nan Zhou
University of Illinois at Chicago - Department of Finance, New York University - Stern School of Business and University of Cincinnati - Lindner College of Business

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Valuation, Biotech IPOs, Non-Financial information

17.

All Losses Are Not Alike: Real versus Accounting-Driven Reported Losses

NYU Stern School of Business Forthcoming
Number of pages: 59 Posted: 19 May 2021 Last Revised: 16 Sep 2021
Feng Gu, Baruch Lev and Chenqi Zhu
State University of New York at Buffalo, New York University - Stern School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 1,603 (23,871)
Citation 15

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Earnings, Losses, Intangibles

18.

To Guide Or Not to Guide? Causes and Consequences of Stopping Quarterly Earnings Guidance

Contemporary Accounting Research, 2010, Vol. 27 (1): 143-185
Number of pages: 51 Posted: 12 Jan 2006 Last Revised: 24 Mar 2019
University of Florida - Department of Finance, Insurance and Real Estate, New York University - Stern School of Business and University of Florida - Warrington College of Business
Downloads 1,496 (26,503)
Citation 38

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earnings guidance, voluntary disclosure, analyst following, managerial myopia

19.
Downloads 1,365 (30,401)
Citation 43

R&D Reporting Biases and Their Consequences

Number of pages: 60 Posted: 20 Aug 2004
New York University - Stern School of Business, Rutgers University and University of Illinois at Urbana-Champaign - Department of Accountancy
Downloads 1,046 (44,032)
Citation 20

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R&D Accounting, Reporting Biases, Market Valuation, Mispricing

R&D Reporting Biases and Their Consequences

NYU Working Paper No. 2451/27470
Number of pages: 60 Posted: 08 Oct 2008
New York University - Stern School of Business, Rutgers University and University of Illinois at Urbana-Champaign - Department of Accountancy
Downloads 319 (194,166)
Citation 23

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R&D Reporting Biases and their Consequences

Contemporary Accounting Research, Vol. 22, No. 4, Winter 2005
Posted: 01 Sep 2005
New York University - Stern School of Business, Rutgers University and University of Illinois at Urbana-Champaign - Department of Accountancy

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R&D Accounting, Reporting Biases, Market Valuation, Mispricing

20.

Overpriced Shares, Ill-Advised Acquisitions, and Goodwill Impairment

Number of pages: 71 Posted: 12 May 2008 Last Revised: 08 Sep 2008
Feng Gu and Baruch Lev
State University of New York at Buffalo and New York University - Stern School of Business
Downloads 1,258 (34,221)
Citation 54

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Changes in Institutional Ownership and Subsequent Earnings Announcement Abnormal Returns

Number of pages: 44 Posted: 25 Jun 2002
University of Texas at Dallas - Naveen Jindal School of Management, DePaul University - School of Accountancy and MIS, New York University - Stern School of Business and University of Arizona - Eller College of Management
Downloads 977 (48,437)

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institutional ownership, informed trading, correlated information

Changes in Institutional Ownership and Subsequent Earnings Announcement Abnormal Returns

NYU Working Paper No. 2451/27467
Number of pages: 44 Posted: 08 Oct 2008
University of Texas at Dallas - Naveen Jindal School of Management, DePaul University - School of Accountancy and MIS, New York University - Stern School of Business and University of Arizona - Eller College of Management
Downloads 266 (235,144)
Citation 1

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institutional ownership, informed trading, correlated information

Changes in Institutional Ownership and Subsequent Earnings Announcement Abnormal Returns

Journal of Accounting, Auditing and Finance, Vol. 19, Summer 2004
Posted: 01 May 2006
University of Texas at Dallas - Naveen Jindal School of Management, DePaul University - School of Accountancy and MIS, New York University - Stern School of Business and University of Arizona - Eller College of Management

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institutional ownership, informed trading, correlated information

Explaining the Short- and Long-Term IPO Anomalies in the Us by R&D

Number of pages: 47 Posted: 01 Sep 2005
Re-Jin Guo, Baruch Lev and Charles Shi
University of Illinois at Chicago - Department of Finance, New York University - Stern School of Business and NUS Business School, National University of Singapore
Downloads 749 (69,400)

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R&D, IPO's performance, information asymmetry, investor optimism

Explaining the Short- and Long-Term IPO Anomalies in the US by R&D

NYU Working Paper No. 2451/27474, UIC College of Business Administration Research Paper No. 08-02
Number of pages: 48 Posted: 08 Oct 2008 Last Revised: 02 Dec 2008
Re-Jin Guo, Baruch Lev and Charles Shi
University of Illinois at Chicago - Department of Finance, New York University - Stern School of Business and NUS Business School, National University of Singapore
Downloads 231 (270,710)
Citation 4

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R&D, IPO's performance, information asymmetry, investor optimism

23.

Causes and Consequences of Disaggregating Earnings Guidance

Journal of Business, Finance and Accounting, 2013, Vol. 40 (1)&(2): 26-54
Number of pages: 49 Posted: 13 Sep 2007 Last Revised: 24 Mar 2019
Pennsylvania State University, New York University - Stern School of Business and University of Florida - Warrington College of Business
Downloads 844 (60,124)
Citation 5

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management earnings forecast, earnings guidance, disaggregated earnings, voluntary disclosure

24.

Sustainability Matters: Why and How Corporate Boards Should Become Involved

The Conference Board Research Report No. R-1481-11-RR
Number of pages: 92 Posted: 04 Apr 2012
affiliation not provided to SSRN, University of Georgia, Central Connecticut State University - Management & Organization, Independent, The Conference Board, Inc., Simon Fraser University (SFU), affiliation not provided to SSRN, Boston College - Department of Marketing, affiliation not provided to SSRN, University of California, Berkeley - Marketing Group, New York University (NYU) - Department of Marketing, Simmons College, Boston University, City University of New York (CUNY) - Allen G. Aaronson Department of Marketing & International Business, New York University - Stern School of Business, College of William and Mary - Mason School of Business and JSOM, University of Texas at Dallas
Downloads 825 (62,015)

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Corporate Social Responsibility, corporate governance, sustainability, board of directors

25.

The Stock Market Valuation of R&D Leaders

NYU Working Paper No. 2451/27475
Number of pages: 54 Posted: 08 Oct 2008
New York University - Stern School of Business, JSOM, University of Texas at Dallas and American University of Sharjah - School of Business and Management
Downloads 818 (62,850)

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26.

Are ESG Ratings Informative About Companies' Socially Responsible Behaviors Abroad? Evidence from the Russian Invasion of Ukraine

Accountability in a Sustainable World Quarterly, Forthcoming.
Number of pages: 37 Posted: 13 Jul 2022 Last Revised: 04 Apr 2023
PricewaterhouseCoopers LLP, University of Waterloo, Tilburg University, Tilburg University and New York University - Stern School of Business
Downloads 784 (66,477)
Citation 1

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ESG, Corporate Social Responsibility, CSR, Sustainability, Sustainable Investment, Russia, Ukraine

27.

Unintended Consequence: Fair Value Accounting Informs on Liquidity Risk

Number of pages: 61 Posted: 02 Sep 2009
Baruch Lev and Nan Zhou
New York University - Stern School of Business and University of Cincinnati - Lindner College of Business
Downloads 767 (68,306)
Citation 12

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Fair value accounting, Economic Crisis, SFAS 157

28.

Patent Disclosure and Price Discovery

Number of pages: 53 Posted: 04 Nov 2018 Last Revised: 07 Nov 2018
Deepak Hegde, Baruch Lev and Chenqi Zhu
New York University (NYU) - Leonard N. Stern School of Business, New York University - Stern School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 750 (70,375)
Citation 6

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29.

Oh What a Beautiful Morning! Diurnal Influences on Executives and Analysts: Evidence from Conference Calls

Management Science, Vol. 64, No. 12, pp. 5899-5924
Number of pages: 56 Posted: 09 Dec 2012 Last Revised: 05 Feb 2019
Jing Chen, Elizabeth Demers and Baruch Lev
Stevens Institute of Technology - School of Business, University of Waterloo and New York University - Stern School of Business
Downloads 706 (76,137)
Citation 17

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conference calls, textual analysis, management communication, investor relations, circadian rhythms, diurnal variations, abnormal returns, behavioral economics

30.

Is R&D Mispriced or Properly Risk-Adjusted?

Number of pages: 40 Posted: 03 May 2006 Last Revised: 29 Sep 2008
American University of Sharjah - School of Business and Management, New York University - Stern School of Business and JSOM, University of Texas at Dallas
Downloads 706 (76,137)
Citation 3

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R&D Valuation, Innovation Strategy, R&D mispricing, R&D risk

31.

Customer Franchise — A Hidden, Yet Crucial Asset

Contemporary Accounting Research, Forthcoming
Number of pages: 43 Posted: 25 Jan 2010 Last Revised: 20 Jul 2014
Free University of Bolzano - Faculty of Economics and Management, City University of New York (CUNY) - Stan Ross Department of Accountancy and New York University - Stern School of Business
Downloads 657 (83,359)
Citation 2

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Customer Equity, Intangibles, Nonfinancial Information, Forecasting Earnings, Subscription-Based Business Model

32.

Identifying Overvalued Stocks with Corporate Job Postings

Number of pages: 47 Posted: 02 Jun 2022
Baruch Lev and Xi Wu
New York University - Stern School of Business and University of California, Berkeley - Haas School of Business
Downloads 645 (85,325)

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33.

The Deteriorating Usefulness of Financial Report Information and How to Reverse It

Number of pages: 50 Posted: 05 Dec 2017
Baruch Lev
New York University - Stern School of Business
Downloads 608 (92,062)
Citation 25

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Relevance and usefulness of financial report information

34.

R&D Volatility Drivers

FIRN Research Paper No. 2763369
Number of pages: 46 Posted: 12 Apr 2016
New York University - Stern School of Business, JSOM, University of Texas at Dallas and The University of Western Australia
Downloads 465 (128,068)
Citation 1

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R&D; product uncertainty; process-cost uncertainty; technological disruption uncertainty

Is Doing Good Good for You? Yes, Charitable Contributions Enhance Revenue Growth

NYU Working Paper No. CHRISTINE PETROVITS-01
Number of pages: 36 Posted: 16 Nov 2008
Baruch Lev
New York University - Stern School of Business
Downloads 223 (280,198)
Citation 1

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Is Doing Good Good for You? Yes, Charitable Contributions Enhance Revenue Growth

NYU Working Paper No. BARUCH LEV-04
Number of pages: 36 Posted: 16 Nov 2008
Baruch Lev and Christine Petrovits
New York University - Stern School of Business and College of William and Mary - Mason School of Business
Downloads 212 (294,095)

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36.

SFAS 142, Conditional Conservatism, and Acquisition Profitability and Risk

Number of pages: 50 Posted: 25 Nov 2015
Santa Clara University, New York University - Stern School of Business and New York University (NYU) - Department of Accounting
Downloads 413 (147,366)
Citation 6

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Conditional conservatism, goodwill, SFAS 142, acquisition profitability

37.

Investor Sentiments, Ill-Advised Acquisitions and Goodwill Impairment

NYU Working Paper No. 2451/27476
Number of pages: 56 Posted: 08 Oct 2008
Feng Gu and Baruch Lev
State University of New York at Buffalo and New York University - Stern School of Business
Downloads 394 (155,403)

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38.

On Guidance and Volatility

Kelley School of Business Research Paper No. 2014-15
Number of pages: 56 Posted: 12 Jan 2014 Last Revised: 23 Oct 2014
New York University, Indiana University - Kelley School of Business - Department of Finance and New York University - Stern School of Business
Downloads 312 (200,449)
Citation 60

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disclosure, earnings guidance, volatility, information environment, material news items, earnings announcements

39.

The Positive Externalities of IFRS R&D Capitalization: Enhanced Voluntary Disclosure

Review of Accounting Studies, Forthcoming
Number of pages: 50 Posted: 28 Nov 2016
Ester Chen, Ilanit Gavious and Baruch Lev
Peres Academic Center, Ben-Gurion University of the Negev and New York University - Stern School of Business
Downloads 305 (205,437)
Citation 8

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40.

The Measurement of Firm-Specific Organization Capital

NBER Working Paper No. w9581
Number of pages: 42 Posted: 20 Mar 2003 Last Revised: 07 Sep 2022
Baruch Lev and Suresh Radhakrishnan
New York University - Stern School of Business and JSOM, University of Texas at Dallas
Downloads 254 (247,953)

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41.

The Relevance of Fair Value Accounting: Investors’ Reactions to the 2008 Economic Crisis Events

Posted: 13 Mar 2011
Baruch Lev and Nan Zhou
New York University - Stern School of Business and University of Cincinnati - Lindner College of Business

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Fair Value Accounting, SFAS 157, Economic Crisis

42.

Executive Pay Dispersion, Corporate Governance and Firm Performance

Review of Quantitative Finance and Accounting, Vol. 30, pp. 315-338, 2008
Posted: 20 Nov 2008
Nanyang Technological University (NTU), New York University - Stern School of Business and Nanyang Technological University (NTU) - Division of Accounting

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Compensation, Corporate Governance, Performance, Pay dispersion

43.

Taxable Income, Future Earnings, and Equity Values

Accounting Review, Vol. 79, October 2004
Posted: 03 Jun 2004
Baruch Lev and Doron Nissim
New York University - Stern School of Business and Columbia University - Columbia Business School

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taxable income, deferred taxes, earnings quality, earnings management, market efficiency

44.

Do Financial Analysts Get Intangibles?

European Accounting Review, Vol. 12, No. 4, 2003
Posted: 10 Nov 2003
Eli Amir, Baruch Lev and Theodore Sougiannis
Tel Aviv University, New York University - Stern School of Business and University of Illinois at Urbana-Champaign - Department of Accountancy

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45.

Internet Traffic and Portfolio Returns

Financial Analysts Journal, Vol. 57, No. 3, May/June 2001
Posted: 31 Jul 2001
Baruch Lev, Ron Lazer and Joshua Livnat
New York University - Stern School of Business, New York University (NYU) - Department of Accounting and New York University

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46.

Baruch Lev, Intangibles: Management, Measurement and Reporting, Bookings Institution Press, 2001

Posted: 22 Jan 2001
Baruch Lev
New York University - Stern School of Business

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47.

Informed Trading by Institutions and Quality of Accounting Information

Posted: 27 Dec 2000
University of Texas at Dallas - Naveen Jindal School of Management, DePaul University - School of Accountancy and MIS, New York University - Stern School of Business and University of Arizona - Eller College of Management

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Institutional trading, earnings accouncements, selective disclosure

48.

The Market Valuation of R&D Expenditures

Posted: 11 Jan 1999
Baruch Lev and Paul Zarowin
New York University - Stern School of Business and New York University (NYU) - Department of Accounting

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49.

Value-Relevance of Nonfinancial Information: The Wireless Communications Industry

Posted: 19 Jun 1995
Eli Amir and Baruch Lev
Tel Aviv University and New York University - Stern School of Business

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