Joshua Livnat, PhD, is a Senior Advisor for PGIM Quantitative Solutions. In this capacity, he conducts alpha and implementation research. His primary research areas include capital markets, the effects of various accounting disclosures on stock prices, market anomalies, valuation issues, and ESG. Previously, Joshua was the Head of Research for PGIM Quantitative Solutions. Prior to joining PGIM Quantitative Solutions, Joshua was on the faculty of the New York University Stern School of Business, where he taught accounting and was Chairman of the department. Previously, he taught at Vanderbilt University, University of California, Berkeley, Northwestern University and Hebrew University in Jerusalem. Joshua co-authored the book “Cash Flow and Security Analysis” and has been published in many journals, including the Journal of Finance, the Journal of Portfolio Management, the Financial Analysts Journal, the Journal of Investment Management, the Journal of Investing, the Journal of Accounting Research, the Journal of Accounting & Economics and the Accounting Review. He earned a BS in both mathematics and statistics from Hebrew University and a PhD in accounting from New York University.