Luminita Enache, PhD, CPA, RN
Haskayne School of Business, Accounting [ACCT]
Future Fund Fellow
Haskayne School of Business
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Senior Communications Strategist, Haskayne School of Business
Bachelor of Arts Finance and Banking (best Erasmus student of the year 2007), University of Perugia, Italy, 2007
Bachelor of Arts Finance and Banking (10/10), Alexandru Ioan Cuza University, Romania, 2008
Bachelor of Science Nursing (9.33/10), Grigore Ghica-Voda College, Romania, 2008
Doctor of Philosophy Economics and Management - Accounting concentration, University of Padova, Italy, 2012
Public Policy and Leadership Credential Harvard Kennedy School, Harvard University, 2021
Luminita Enache is an Associate Professor (with tenure) and a Future Fund Fellow. She joined the Haskyane 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 Haskyane 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 Management Science, Contemporary Accounting Research, Harvard Business Review (15 publications), California Management Review (3 publications), Review of Quantitative Finance and Accounting (3 publications), Australian Accounting Review etc 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 2022 Dean's Scholar Award, 2022 AFAANZ Best Paper Award (Technology), 2021- 2026 Future Fund Fellow, 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, the 2019-2021 Social Sciences and Humanites Research Council (SSHRC) co-investigator grant, 2019-2021 Social Sciences and Humanities Research Council (SSHRC) Insight Development Grant, Principal Investigator, 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 a panelist at the 2019 JIAR conference (Journal of International Accounting Research), a keynote speaker at the 2013 Summer Ethics Conference (Venice, Italy), an invited participant at 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 Alberta Accounting Research Conference (Canada), Conference on Financial Economics and Accounting (CFEA), 2021, 2020 and 2018 Contemporary Accounting Research Journal Conference, 2019 Tel-Aviv Accounting Conference; 2020 RAST; 2021, 2020 European Accounting Conference (EAR); 2020 Journal of Law, Finance and Accounting(JLFA); 2021 University of Technology Sydney (UTS) Australian Summer Accounting Conference.
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.
Peer–Reviewed Academic Journals
- 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
- 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.
- L. Enache and A. Srivastava. 2018. Should Intangible Investments Be Reported Separately or Commingled with Operating Expenses? Management Science 64 (7), pp. 3446–3468.
- 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.
- L. Enache and E.-G. Meca. 2019. Board Composition and Accounting Conservatism: The Role of Business Experts, Support Specialists, and Community Influentials. Australian Accounting Review 29 (1), pp. 252–265.
- L. Enache and J.B. Kim. 2019. Managers’ pay duration and disclosure of firm proprietary information. Pacific Accounting Review 32(1), pp. 96−23.
Top Academic-Practitioner Journals at the intersection of scholarship and practice
- 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).
- 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).
- V. Govindarajan, S. Rajgopal, A. Srivastava and L. Enache. 2018. Should Dual-Class Shares Be Banned? Harvard Business Review (December 3).
- 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).
- 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).
- 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).
- V. Govindarajan, A. Srivastava and L. Enache. 2019. Midsize Companies Are Growing, But Struggling to Earn Profits.” Harvard Business Review (November 5).
- V. Govindarajan, A. Srivastava and L. Enache. 2019. How India Plans to Protect Consumer Data. Harvard Business Review (December 18).
- V. Govindarajan, A. Srivastava and L. Enache. 2020. Understanding India’s Chilly Reception of Jeff Bezos. Harvard Business Review (January 22–23).
- Srivastava, H. Warsame and L. Enache. 2020. Doubling Down on Double Sandwich Tax Schemes. California Management Review (March 3)
- 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.
- V. Govindarajan, A. Srivastava, H. Warsame, and L. Enache. 2020. Tech Giants, Taxes, and a Looming Global Trade War. Harvard Business Review (August 24).
- V. Govindarajan, A. Srivastava, and L. Enache. 2020. U.S. financial reporting is stuck in the 20th century. Harvard Business Review (December 2020).
- V.G. Govindarajan, A. Srivastava, and L. Enache. 2021. The U.S. economy is leaving midsize companies behind. Harvard Business Review (February 17)
- Restoring Shareholder Confidence When Your Stock Is Down. Harvard Business Review (August, 2022). With V. Govindarajan, Hassan Ilyas, Felipe B. G. Silva, and Anup Srivastava
- WORKING PAPERS
1. Counterpoised Disclosure: Evidence from the Biotechnology industry, with Eddie Riedl, Lynn Li and Scarlett (Xiaotong) Song
- Best Paper Award at 2021 EIASM Intangibles Conference
2. Corporate Communication about Regulatory Change: Evidence from the New Lease Standard with Paul Griffin and Rucsandra Moldovan
3. Why do surviving targets leverage so much after an acquisition? A governance explanation, with Hubert De La Bruslerie
• presented at the 35th annual AFFI conference in Paris, the 2018 AAIG Conference in Nice, the 25th MFS annual conference in Budapest, and the 2019 EAA Conference in Cyprus, 2020 Multinational Annual Finance Society
4. The Labor Costs of Changing Accounting Standards, with Rucsandra Moldovan, Zhongwei Huang, and Anup Srivastava
5. The Effect of Electronic Medical Records on Hospital Utilization Costs, with Eddie Riedl, Susanna Gallani and Xue Guo
- 2022 BEST Paper Award -AFAANZ (Technology Stream)
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 - “Excellence in Reviewing” 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 at the EIASM – 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.
|Course number||Course title||Semester|
|ACCT 217||Introductory Financial Accounting||Winter 2022|
- Should Intangible Investments Be Reported Separately or Commingled with Operating Expenses?. L. Enache with Anup Srivastava. Management Science 64 (7). 2973-3468. (2018)
- Why we shouldn’t worry about the declining number of public companies?. L. Enache with V.G. Govindarajan, Shiva Rajgopal, and Anup Srivastava. Harvard Business Review, October. (2019)
- Should dual-classes shares be banned?. L. Enache with V.G. Govindarajan, Shiva Rajgopal, and Anup Srivastava. Harvard Business Review, December. (2018)
- It's time to stop treating R&D as a discretionary expenditure. L Enache with V.G. Govindarajan, Shiva Rajgopal, and Anup Srivastava. Harvard Business Review, January. (2019)
- The problem with France's plan to tax digital companies. L. Enache with V.G. Govindarajan, Anup Srivastava, Hussein Warsame. Harvard Business Review, July. (2019)
- The gap between large and small companies is growing. Why?. L. Enache with V.G. Govindarajan, Baruch Lev and Anup Srivastava. Harvard Business Review, August. (2019)
- Midsize companies are growing, but struggling to earn profits. L. Enache with V.G. Govindarajan, Anup Srivastava. Harvard Business Review, November. (2019)
- How India plans to protect consumer data. L. Enache with V.G. Govindarajan, Anup Srivastava. Harvard Business Review, December. (2019)
- The substitutive relation between voluntary disclosure and corporate governance in their effect on firm performance. L. Enache with Khaled Hussainey. Review of Quantitative Finance and Accounting, 54. 413-445. (2020)
- Board composition and accounting conservatism: The role of business experts, support specialists and community influentials. L. Enache with Emma-Garcia Meca. Australian Accounting Review 29 (1). 252-265. (2019)
- Understanding India’s chilly reception of Jeff Bezos. L. Enache with V.G. Govindarajan, Anup Srivastava. Harvard Business Review, January. (2020)
- Doubling down on double sandwich tax schemes. L. Enache with Hussein Warsame and Anup Srivastava. California Management Review, April. (2020)
- Harvest now or invest further – the dilemma reexamined.. L. Enache with Govindarajan, V., Sood, A., Srivastava, A., and B. K. Mishra. Management and Business Review, January. (2021)
- U.S. financial reporting is stuck in the 20th century. L. Enach with V.G. Govindarajan, Anup Srivastava. Harvard Business Review, December. (2020)
- The U.S. economy is leaving midsize companies behind. L. Enache with V.G. Govindarajan, Anup Srivastava. Harvard Business Review, February. (2021)
- 2020 BBC London media interview pursuant to a Harvard Business Review article on the France’s plan to tax digital companies.
- Securities and Exchange Commission (SEC) commissioner research citation in a speech on dual-class shares. See https://www.sec.gov/news/speech/speech-peirce-061819
- Michael Mauboussin, Head of Consilient Research, Morgan Stanley Investment Management has used the Management Science article in his report. https://www.morganstanley.com/im/publication/insights/articles/article_underestimatingtheredqueen.pdf?fbclid=IwAR1429yx7yFtddM2F9aI3EMy_M7SmNzI6CaDUqprIa3jDM9tlVQjY8zDdrY
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