Luminita Enache

Biography

Luminita Enache is an Associate Professor (with tenure) and a Future Fund Fellow. She joined the Haskayne School of Business in July 2018 as an Assistant Professor of Accounting. Her research interests lies at the intersection of accounting and finance, with a focus on empirical research that is closely guided by economic theory. Luminita is broadly focused on firms' information environment in capital markets, on the role intangibles plays in shaping the new economy firms, corporate governance and more recently on the health economics.

 Prior to joining Haskayne School of Business, Professor Enache worked at Tuck School of Business and for the Master of Health Care Delivery Science Program at Dartmouth College. Luminita held visiting positions at the MIT, at the University of Michigan and at Columbia Business School in New York. Moreover, she has been a Lecturer of Accounting in New Zealand, at Victoria University of Wellington.

Professor Enache received her PhD in Economics and Management (with a concentration in Accounting) from the University of Padua (Italy) after spending part of her research period as a Visiting Ph.D. Scholar at the University of Michigan (U.S). Her dissertation won the European Institute for Advanced Studies (EIASM) Best Junior Contribution to the Development of Intangibles and Intellectual Capital Theory and Practice. Dr Enache also earned a B.A. in Finance and Banking and a B.S. in Nursing. Prior to joining academia, Luminita has worked as a Credit Analyst and as a Junior Relationship Manager for Raiffeisen Bank Romania.

Professor Enache research has been published in leading academic journals such as Management Science, Contemporary Accounting Research, Accounting Horizons, European Accounting Review, Harvard Business Review (15 publications), California Management Review (3 publications),  Review of Quantitative Finance and Accounting (4 publications), Management and Business Review, Australian Accounting Review and has coauthored several papers at different stages of review at top-tier finance and accounting journals.

 Professor Enache’s research has been presented at various seminars such as MIT (USA), Harvard Business School (USA), Dartmouth College (USA), London School of Economics (UK), University of Michigan (USA), UTS Accounting Conference (Australia), Temple University (USA), Bocconi University (Italy), ESSEC Business School (France), Paris-Dauphine University (France), University of Bristol (UK), Warwick Business School (UK), BI Norwegian School of Business (Norway), Free University of Bozen-Bolzano (Italy), Massey University (New Zealand), University of Padua (Italy), University of Calgary (Canada), University Jaume I (Spain), University of Valencia (Spain), Victoria University of Wellington (New Zealand), University of Leeds (UK), Saint Mary's University (Canada). 

 Professor Enache the recipient of the 2021-2026 Future Fund Fellow, 2022 Dean's Scholar Award, 2022 AFAANZ Best Paper Award (Technology), 2021 EIASM Intangibles Best Paper Award, 2020 Dean's Award for Innovative Research,  2020 AAA FARS Outstanding Discussion Award, 2019 Best Paper Award of the European Institute for Advanced Studies in Management (EIASM) Interdisciplinary Workshop on “Intangibles & Intellectual Capital”, of the 2018-2019 CPA EF Teaching Excellence Award, 2022-2024 Social Sciences and Humanities Research Council (SSHRC) Insight Development Grant (Principal Investigator), 2019-2021 Social Sciences and Humanities Research Council (SSHRC) Co-Investigator grant, the 2013 Accounting and Finance Association of Australia and New Zealand Research Grant (AFAANZ) and Victoria University of Wellington (VUW) Research Establishment Grant.

Professor Enache is an active member of the American Accounting Association, European Accounting Association and Australian and New Zealand Accounting and Finance Association, speaking regularly at the annual meetings.

She has been an invited participant at 2024 CFEA conference (discussant), 2023-2022 University of Cambridge Accounting Research Camp, Conference on Financial Markets and Corporate Governance (New Zealand), at Kellogg Accounting Conference (Northwestern University), PCAOB/JAR Accounting Conference (USA), Dartmouth Accounting Conference (USA), and Indian School of Business (India), University of Illinois Chicago Accounting Research Conference, Burton Accounting Seminar, Columbia University,  University of Alberta Accounting Research Conference (Canada), 2019, 2016 Conference on Financial Economics and Accounting (CFEA), 2023-2018 Contemporary Accounting Research Journal Conference, 2019 Tel-Aviv Accounting Conference; 2022, 2020 RAST Journal Conference; 2021, 2020 European Accounting Conference (EAR); 2020 Journal of Law, Finance and Accounting (JLFA); 2021 University of Technology Sydney (UTS) Australian Summer Accounting Conference, a panelist at the 2024 and 2019 JIAR doctoral consortium  (Journal of International Accounting Research), a keynote speaker at the 2013 Summer Ethics Conference (Venice, Italy), 

Professor Enache teaching areas include financial accounting and financial statement analysis. She is a proactive teacher who fosters critical thinking and facilitates the acquisition of life-long learning skills to help students function effectively in an information economy. Her enthusiasm to teach translates to their enthusiasm to learn. During her time at Dartmouth College, she has co-taught finance essentials aimed at senior executives in health care services. At Victoria University of Wellington in New Zealand she taught advanced financial accounting and financial statement analysis, both elective courses.

 In addition to her academia work, she is also a Registered Professional Nurse in Italy and Romania, and a Certified Public Accountant in Australia. Luminita speaks Italian, French, German, English and Romanian.

SELECTED PUBLICATIONS

•  L. Enache, Z. Huang, R. Moldovan, and A. Srivastava. 2024. Labor costs of implementing new accounting standards. Accounting Horizons, in press. 
• Nominated for the 2023 FARS Best Paper Award
• This work was supported by Social Sciences and Humanities Research Council of Canada. 
•   L. Enache, P. Griffin and Rucsandra Moldovan. 2023. Clarification or Confusion: a Textual Analysis of ASC 842 Lease Transition Disclosures. European Accounting Review, forth. 
• Duke University has featured the article in the FinReg Blog of the Duke Financial Economics Center 

             This work was supported by Social Sciences and Humanities Research Council of Canada. 

•  L. Enache and A. Srivastava. 2018. Should Intangible Investments Be Reported Separately or Commingled with Operating Expenses? Management Science 64 (7), pp. 3446–3468.

• L. Enache, E. Riedl and L. Li. 2022. The Disclosure of Good versus Bad News: Evidence from the Biotech Industry. Contemporary Accounting Research, 39(3): 1689-1725.

  Received the 2019 Best Paper Award at the EIASM – European Intangible Conference

  Presented at the 2020 Contemporary Accounting Research Conference

• H. De la Bruslerie and L. Enache. 2023. The dynamics of leverage of newly controlled target firms: evidence after an acquisition. Review of Quantitative Finance and Accounting 61(2):  411–445.
• L. Enache, H. Fogel-Yaari, and H. Li. 2022. Textual Disclosure and Managerial Myopia: Signaling Innovation to Reduce the Pressure to Meet Short-Term Goals,  Accounting and Finance, forth.
•  D. Aobdia, S. Srivastava and L. Enache. 2021. Is the Auditing Industry Becoming a Tighter or Looser Oligopoly? Review of Quantitative Finance and Accounting 56(2), pp. 715-754.
• L. Enache, A. Parbonetti and A. Srivastava. 2020. Are All Independent Directors Created Equal with Respect to Firm Disclosure Policy? Review of Quantitative Finance and Accounting 55, pp. 541–577.

•  L. Enache and K. Hussainey. 2020. The Substitutive Relation between Voluntary Disclosure and Corporate Governance in Their Effect on Firm Performance. Review of Quantitative Finance and Accounting 54, pp. 413–445.

   

Top Academic-Practitioner Journals at the intersection of scholarship and practice

1. V. Govindarajan, S. Rajgopal, A. Srivastava and L. Enache. 2018. Why We Shouldn’t Worry about the Declining Number of Public Companies. Harvard Business Review (August 27).
2. V. Govindarajan, S. Rajgopal, A. Srivastava and L. Enache. 2018. Should Everyone Be Allowed to Invest in Private Tech Companies? Harvard Business Review (October 15).
3. V. Govindarajan, S. Rajgopal, A. Srivastava and L. Enache. 2018. Should Dual-Class Shares Be Banned? Harvard Business Review (December 3).
4. V. Govindarajan, S. Rajgopal, A. Srivastava and L. Enache. 2019. It’s Time to Stop Treating R&D as a Discretionary Expenditure. Harvard Business Review (January 29).
5. V. Govindarajan, A. Srivastava, H. Warsame, and L. Enache. 2019. The Problem with France’s Plan to Tax Digital Companies. Harvard Business Review (July 17).
6. V. Govindarajan, B. Lev, A. Srivastava and L. Enache. 2019. The Gap between Large and Small Companies Is Growing. Why? Harvard Business Review (August 16).
7. V. Govindarajan, A. Srivastava and L. Enache. 2019. Midsize Companies Are Growing, But Struggling to Earn Profits.” Harvard Business Review (November 5).
8. V. Govindarajan, A. Srivastava and L. Enache. 2019. How India Plans to Protect Consumer Data. Harvard Business Review (December 18).
9. V. Govindarajan, A. Srivastava and L. Enache. 2020. Understanding India’s Chilly Reception of Jeff Bezos. Harvard Business Review (January 22–23).
10. Srivastava, H. Warsame and L. Enache. 2020. Doubling Down on Double Sandwich Tax Schemes. California Management Review (March 3)
11. V. Govindarajan, A. Sood, A. Srivastava, L. Enache, and B. K. Mishra. 2020. A Manager’s Dilemma: Sow or Harvest. Forthcoming, Management and Business Review (Inaugural Edition) forthcoming.
12. V. Govindarajan, A. Srivastava, H. Warsame, and L. Enache. 2020. Tech Giants, Taxes, and a Looming Global Trade War. Harvard Business Review (August 24).
13. V. Govindarajan, A. Srivastava, and L. Enache. 2020. U.S. financial reporting is stuck in the 20th century. Harvard Business Review (December 2020). 
14. V.G. Govindarajan, A. Srivastava, and L. Enache. 2021. The U.S. economy is leaving midsize companies behind. Harvard Business Review  (February 17)
15. Govindarajan, V., A. Srivastava, and L. Enache. 2021. What the edX acquisition means for the future of higher education. Harvard Business Review (July). 
16. Govindarajan, V., A. Srivastava, H. Ilyas, F. B. G. Silva, and L. Enache. 2022. The rapid rise and fall of biotech sector, slowdown in innovation affects society. California Management Review (March). 
17. Govindarajan, V., A. Srivastava, and L. Enache. 2022. The growing imperative to build leadership in fourth industrial revolution. California Management Review (May). 
18. Govindarajan, V., A. Srivastava, H. Ilyas, F. B. G. Silva, and L. Enache. 2022. How companies can prepare for a long run of high inflation. Harvard Business Review (May).
19. Govindarajan, V., A. Srivastava, H. Ilyas, F. B. G. Silva, and L. Enache. 2022. Restoring shareholder confidence when your stock is down. Harvard Business Review (August).  
20. Srivastava, A., H. Ilyas, F. B. G. Silva, and L. Enache. 2022. Reassessing the boundaries of government. California Management Review (November). 
21. Srivastava, A., V. Govindarajan, A. Shah, and L. Enache. 2023. Hiding in Plain Sight, or Sticking Out Like A Sore Thumb? The Wealth of Intangibles. California Management Review (October). 

WORKING PAPERS

• The Effect of Electronic Medical Records on Hospital Utilization Costs, with Eddie Riedl, Susanna Gallani and Xue Guo
• Winner of the Best Paper Award at the 2022 Conference of the Accounting and Finance Association of Australia and New Zealand, Technology Section
• Counterpoised Disclosure: Evidence from the Biotechnology industry, with Eddie Riedl, Lynn Li and Scarlett  (Xiaotong) Song Revise and resubmit
• 2021 Best Paper Award at EIASM Intangibles Conference

AWARDS, HONORS, and RESEARCH GRANTS

• 2022 Dean’s Research Scholar
• 2022 AFAANZ Best Paper Award, Technology
• 2021-present Future Fund Fellow, University of Calgary
• 2021 EIAM Best Paper Award at the EIASM – European Intangible Conference, France
• 2021-2023 Social Science and Humanities Grant (SSHRC) of $70,081 (Principal Investigator)
• 2022-2024 Social Science and Humanities Insight Development Grant (SSHRC) of $67,925 (Principal Investigator)
• 2020 Dean’s Award in Innovative Research
• 2020 Financial Accounting and Reporting Section (FARS) Meeting Outstanding Discussion Award, American Accounting Association
• 2019- 2020 Financial Accounting and Reporting Section (FARS) Best Reviewer Award,  American Accounting Association
• 2019-2021 Social Science and Humanities Grant (SSHRC) of $30,800 (principal investigator)
• 2019-2022 Social Sciences and Humanities Grant (SSHRC) of $84,200 (co-investigator)
• 2018-2019 CPA Teaching Excellence Award, and a cash prize of $3,000
• 2019 Best Paper Award, EIASM Intangibles– European Intangible Conference, Portugal
• 2013-2014 Victoria University of Wellington Research Establishment Grant of $10,000
• 2013-2014 AFAANZ Research Grant, AUD$5,500 offered by the Australian Accounting and Finance Association of Australia and New Zealand.
• 2012 EIASM Best Junior Contribution to the Development of Intangibles and IC Theory and Practice- Mention d’Honneur, Grenoble, France.
• 2009-2012 Italian Ministry of University and Research (MIUR), 3-year Ph.D scholarship of €48,960.
• 2011 University of Padua (Italy) scholarship for visiting Ph.D Scholar at the University of Michigan-Flint.
• 2007 ERASMUS Scholarship awarded by the European Union for the spring term of the academic year at the University of Perugia, Italy. Best ERASMUS student of the year
• 2008 Scholarship for Academic Excellence awarded by Alexandru Ioan Cuza University, Romania.
• 2005-2007 Faculty of Economics and Business Studies Scholarship for meritorious performance awarded by Alexandru Ioan Cuza University, Romania.
• 2006 Selected (only 3 students out of 10,000 selected) for the Romanian National Finance Olympiad.

PROFESSIONAL CITIZENSHIP 

Social Science and Humanities Grant (SSHRC) Chair Adjudication Committee 2025

Social Science and Humanities Grant (SSHRC) Panel Member of the Adjudication Committee  2024-2023; 2023-2022; 2022-2021

Bretton Woods Accounting and Finance Conference, Committee/Council Chair 2025, 2024, 2023 

Hawai’i Accounting Research Conference Track Chair Intangibles 2025, 2024, 2023

Financial Accounting and Reporting Section Midyear Meeting (FARS) conference reviewer 2025

Conference on Financial Economics and Accounting (CFEA) reviewer and discussant 2025

Accounting and Finance Association of Australia and New Zealand, Women Mentoring Early Career Researchers 2024-2023

American Accounting Association, Mentoring Tenure-Track Faculty, FARS 2024-2023

 Hawai’i Accounting Research Conference reviewer 2022-2021

Scientific Committee Member, Canadian Accounting Association Annual Meeting 2025, 2024, 2022, 2021

Scientific Committee Member, European Accounting Association Meeting 2023, 2021, 2020 &2018

Grant Reviewer, Social Science and Humanities Grant (SSHRC)  2019

Research Grants Council (RGC) of Hong Kong Ad Hoc Reviewer 2022, 2021,2019

Reviewer for annual meetings of American Accounting Association (AAA)  

HASKAYNE CITIZENSHIP 

Hiring Committee Member, Finance Faculty Search 2023-2024

PhD Recruiting 2023, 2022

Hiring Committee Member, Research Facilitator 2023

Conference Organizer, Haskayne and Fox Accounting Conference 2024-2022

In-person Seminar Organizer, Haskayne Accounting Seminars 2024

Hiring Committee Member BTMA 2020

Field-of-Study Examining Committee Member, BTMA 2020

Panelist, SSHRC Insight Grant,University of Calgary 2020

Member, University of Calgary Equity, Diversity, and Inclusion Strategy Taskforce 2020