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Lester Barenbaum, Ph.D.
barenbau@lasalle.edu
Professor of Finance

Personal Statement:

The combination of teaching, consulting and research provide me great satisfaction. Having the opportunity to practice what I teach has made me a more effective classroom instructor and at the same time helped me become a better businessman.

Instructional Responsibilities:

  • Graduate and Undergraduate Corporation Finance
  • Graduate and Undergraduate Financial Statement Analysis

Consultative Activities:

I am a Managing Director of a regional litigation support firm with 25 employees. We value private firms in context of dissenting shareholder lawsuits. I testify as an expert witness several times a year. Testifying is very much like teaching except it is the teaching that receives the grade (verdict) rather than the student.

Research Activities:

My research activities complement my teaching and consultative activities. Applied research in peer reviewed and professional outlets have helped stay current in the classroom as well as providing evidence of my expertise when testifying. Recently my research has focused on the determination of marketability discounts when valuing private firms and large blocks of securities entering the market at one point in time. Some of my recent research efforts are listed below:

  • Measuring Blockage Discounts, Valuation Strategies, (Forthcoming), with Walt Schubert.
  • Equity-Based Compensation, Journal of Leadership Accountability and Ethics (Forthcoming), with Walter Schubert.
  • Real Options and Public Sector Capital project Decision-Making, Public Budgeting Accounting & Financial Management, Vol. 19 No.2 Summer 2007 , with Walter Schubert.
  • The Family Lawyer’s Guide to Stock Options, The American Bar Association, 2007.  Monograph with Walter Schubert and Robert Feder.
  • Valuing Specific Assets in Divorce, Aspen Law & Business, 2004,2000 (Chapters)
    • Overview of Valuation Methodology & Practice
    • Valuing Automotive Dealerships (w S. Juska)
    • Valuing Property/Casualty Insurance Companies (w J. Ambrose)
    • Valuing Medical Practices (with RJ Cimisi)