Luminita Enache

Biography

Luminita Enache is a tenured Associate Professor of Accounting at the Haskayne School of Business, a Future Fund Fellow, and a CHAIR Fellow. Her research sits at the intersection of accounting and finance and pairs careful empirical work with economic theory. She studies how firms communicate with capital markets, how intangible assets shape new-economy companies, and how corporate governance influences disclosure. More recently, she has turned to the role of accounting and disclosure in healthcare markets.

Her work appears in leading academic journals, including Management Science, Contemporary Accounting Research, Accounting Horizons, and the European Accounting Review. She also writes for practitioners, with 17 articles in Harvard Business Review and seven in California Management Review. One of her HBR articles is used as a teaching case by Harvard Business Publishing Education. Her research has won best paper awards from EIASM and AFAANZ and has been funded by several SSHRC grants, on which she served as Principal Investigator or Co-Investigator.

Before joining Haskayne in 2018, Professor Enache held appointments at Dartmouth College, with the Tuck School of Business and the Master of Health Care Delivery Science Program. Earlier, she was a Lecturer at Victoria University of Wellington in New Zealand. She has been a visiting scholar at MIT, the University of Michigan, and Columbia Business School. She spent her 2024–2025 sabbatical at the University of California, Berkeley and Boston University, studying healthcare markets, information frictions, and health-system disclosure. 

Professor Enache has shared her research with audiences at leading universities and business schools worldwide. In North America, these include MIT, Harvard Business School, Dartmouth College, UC Berkeley, the University of Michigan, the University of Calgary, and Saint Mary’s. Her European engagements span INSEAD, IE Business School, the London School of Economics, Bocconi, ESSEC, Paris-Dauphine, Warwick Business School, BI Norwegian Business School, University of Bristol, University of Leeds, University of Glasgow, and University of Padua. Across the Asia-Pacific region, she has spoken at Fudan University, Peking University, Seoul National University, University of Hong Kong, Gakushuin University, Deakin University, Griffith University and Victoria University of Wellington. She is also a regular participant at major international conferences in North America, Europe, Australia, and New Zealand.

Professor Enache is Editor of The International Journal of Accounting and Corporate Governance: An International Review. She serves on the editorial boards of Contemporary Accounting Research and Accounting Horizons. She chaired SSHRC's Business Adjudication Committee in 2025 and holds leadership roles at the Bretton Woods Accounting and Finance Conference and the Hawai'i Accounting Research Conference, FARS AAA track chair, CAAA and EAA. Her service has been recognized with the AAA FARS Outstanding Discussant Award (2020 and 2026) and FARS reviewing awards (2020 and 2025). She also mentors early-career researchers through the American Accounting Association and AFAANZ.

She teaches financial accounting and financial statement analysis at the undergraduate, graduate, and executive levels, with an emphasis on critical thinking and lifelong learning. At Dartmouth, she co-taught finance fundamentals to senior healthcare executives. She received the CPA Teaching Excellence Award.

Professor Enache holds a PhD in Economics and Management from the University of Padua, where her dissertation received EIASM's Best Junior Contribution Award. She also holds a B.A. in Finance and Banking and a B.S. in Nursing, and worked as a credit analyst at Raiffeisen Bank Romania before entering academia. She is a Registered Nurse in Italy and Romania and a Certified Public Accountant in Australia. She speaks English, French, German, Italian, and Romanian.

Selected Peer-Reviewed Publications

• Enache, L., & Srivastava, A. (2018). Should intangible investments be reported separately or commingled with operating expenses? Management Science, 64(7), 3446–3468.
• Enache, L., Li, L., Riedl, E., & Song, S. (X.) (2026). Counterpoised disclosure: Evidence from the biotechnology industry. Contemporary Accounting Research, online. 
  • Best Paper Award, EIASM Intangibles Conference, France (2021)
  • Awarded the SSHRC Insight Grant
• Enache, L., Huang, Z., Moldovan, R., & Srivastava, A. (2025). The labor costs of changing accounting standards. Accounting Horizons, 39(1), 113–120.
  • Nominated for the 2023 FARS Best Paper Award, American Accounting Association
  • Supported by SSHRC Insight Development Grant
• Enache, L., Griffin, P., & Moldovan, R. (2025). Clarification or confusion? A textual analysis of ASC 842 lease transition disclosures. European Accounting Review, 34(1), 57–88.
  • Featured on the FinReg Blog of the Duke Financial Economics Center (Duke Law School), EAA-ARC, and SSRN
  • Supported by the SSHRC Insight Grant 
• De La Bruslerie, H., & Enache, L. (2023). Why do surviving targets leverage so much after an acquisition? A governance explanation. Review of Quantitative Finance and Accounting, 61(2), 411–445.
• Enache, L., Li, L., & Riedl, E. (2022). Regulatory approval and biotechnology product disclosures. Contemporary Accounting Research, 39(3), 1689–1725.
  • Best Paper Award, EIASM Interdisciplinary Workshop on Intangibles & Intellectual Capital (2019)
  • Presented at the 2020 Contemporary Accounting Research Conference
  • Supported by the SSHRC Insight Grant
• Enache, L., Fogel-Yaari, H., & Li, H. (2022). Signaling long-term focus through textual emphasis on innovation: Are firms putting their money where their mouth is? Accounting & Finance, 62(3), 3791–3836.
• Aobdia, D., Enache, L., & Srivastava, S. (2021). Changes in Big N auditors’ client selection and retention strategies over time. Review of Quantitative Finance and Accounting, 56(2), 715–754.
• Enache, L., Parbonetti, A., & Srivastava, A. (2020). Are all independent directors created equal with respect to firm disclosure policy? Review of Quantitative Finance and Accounting, 55, 541–577.
• Enache, L., & Hussainey, K. (2020). The substitutive relation between voluntary disclosure and corporate governance in their effect on firm performance. Review of Quantitative Finance and Accounting, 54, 413–445.
• Enache, L., & Meca, E.-G. (2019). Board composition and accounting conservatism: The role of business experts, support specialists, and community influentials. Australian Accounting Review, 29(1), 252–265.
• Enache, L., & Kim, J.-B. (2019). Managers’ pay duration and disclosure of firm proprietary information. Pacific Accounting Review, 32(1), 96–123.

Book Chapter

Andronoudis, D., & Enache, L. (2026). Does capitalization of acquired in-process R&D convey information in the pricing process? Chapter 4 in Handbook on Intangibles: Accounting, Reporting, and Valuation. Edward Elgar.

Academic-Practitioner Publications

2026

• Srivastava, A., Govindarajan, V., & Enache, L. July 2026. BYOC: The return of capitalism with capital — why AI is forcing tech firms to think like industrial companies again. California Management Review, in print
• used as a Harvard Business Publishing case study. Link here: https://store.hbr.org/product/byoc-strategic-choices-along-the-ai-compute-ownership-spectrum/CMR910?sku=CMR910-PDF-ENG

2025

• Enache, L., Scarlat, E., Charalambous, A., Duboisée de Ricquebourg, A., & Shields, K. Gender diversity helps teams maintain integrity under pressure. Harvard Business Review.  Used as a case study by Harvard Business Publishing Education.
• Enache, L., Srivastava, A., Silva, F. B. G., Dantas, M. M., & Chatterjee, C. Financing the common good: The case for GLP-1 class of drugs. California Management Review.

2024

• Enache, L., Bonini, S., Ferrari, M., Gaddis, D., Ross, D., & John, K. Should your firm have a long-tenured independent director? Harvard Business Review.
• Enache, L., Srivastava, A., Silva, F. B. G., & Dantas, M. M. 10 reasons why Canadians are still dissatisfied with the economy, despite the upswing. The Conversation (March).

2023

• Enache, L., Govindarajan, V., Shah, A., & Srivastava, A. Hiding in plain sight, or sticking out like a sore thumb? The wealth of intangibles. California Management Review.

2022

• Enache, L., Govindarajan, V., Ilyas, H., Silva, F. B. G., & Srivastava, A. Restoring shareholder confidence when your stock is down. Harvard Business Review.
• Enache, L., Govindarajan, V., Ilyas, H., Silva, F. B. G., & Srivastava, A. How companies can prepare for a long run of high inflation. Harvard Business Review.
• Enache, L., Govindarajan, V., Srivastava, A., & Ilyas, H. The growing imperative to build leadership in the fourth industrial revolution. California Management Review.
• Enache, L., Govindarajan, V., Ilyas, H., Silva, F. B. G., & Srivastava, A. The rapid rise and fall of the biotech sector: Slowdown in innovation affects society. California Management Review.
• Enache, L., Ilyas, H., Silva, F. B. G., & Srivastava, A. Reassessing the boundaries of government. California Management Review.

2021

• Enache, L., Govindarajan, V., & Srivastava, A. What the edX acquisition means for the future of higher education. Harvard Business Review.
• Enache, L., Govindarajan, V., & Srivastava, A. The U.S. economy is leaving midsize companies behind. Harvard Business Review.

2020

• Enache, L., Govindarajan, V., & Srivastava, A. U.S. financial reporting is stuck in the 20th century. Harvard Business Review.
• Enache, L., Govindarajan, V., Srivastava, A., & Warsame, H. Tech giants, taxes, and a looming global trade war. Harvard Business Review.
• Enache, L., Govindarajan, V., & Srivastava, A. Understanding India's chilly reception of Jeff Bezos. Harvard Business Review.
• Enache, L., Govindarajan, V., Mishra, B. K., Sood, A., & Srivastava, A. A manager's dilemma: Sow or harvest. Management and Business Review (inaugural issue).
• Enache, L., Srivastava, A., & Warsame, H. Doubling down on double sandwich tax schemes. California Management Review.

2019

• Enache, L., Govindarajan, V., & Srivastava, A. How India plans to protect consumer data. Harvard Business Review.
• Enache, L., Govindarajan, V., & Srivastava, A. Midsize companies are growing but struggling to earn profits. Harvard Business Review.
• Enache, L., Govindarajan, V., Lev, B., & Srivastava, A. The gap between large and small companies is growing. Why? Harvard Business Review.
• Enache, L., Govindarajan, V., Srivastava, A., & Warsame, H. The problem with France's plan to tax digital companies. Harvard Business Review.
• Enache, L., Govindarajan, V., & Srivastava, A. It's time to stop treating R&D as a discretionary expenditure. Harvard Business Review.

2018

• Enache, L., Govindarajan, V., Rajgopal, S., & Srivastava, A. Should dual-class shares be banned? Harvard Business Review.
• Enache, L., Govindarajan, V., Rajgopal, S., & Srivastava, A. Should everyone be allowed to invest in private tech companies? Harvard Business Review.

• Enache, L., Govindarajan, V., Rajgopal, S., & Srivastava, A. Why we shouldn't worry about the declining number of public companies. Harvard Business Review.

  Working Papers

• Pimentel, E., Enache, L., Fontin, M., Moldovan, R., & Huang, Z. (2026). Treading lightly: A model for audit firm expansion into new audit spaces. Conditionally accepted.
  • Presented at the 2025 CAAA Annual Meeting and the 2025 EAA Annual Congress
• Enache, L., Sikdar, S., & Chawla, M. (2026). Innovations in healthcare for seniors: Global trends and the impact of medical regulation. Second-round revise and resubmit, Journal of Marketing.
• Enache, L., Gallani, S., Guo, X., & Riedl, E. (2026). The effect of electronic medical records on hospital utilization costs. Revise and resubmit.
  • Best Paper Award, Technology Stream, AFAANZ (2022)
• Enache, L., Moldovan, R., Impink, J., & Lyubimov, A. (2026). Unveiling AI: Non-tech firms’ AI disclosure and cost of equity. Under review.
  • Presented at the 2026 International Corporate Governance Society Conference and the 2025 CAAA Annual Meeting
• Enache, L., Lewis-Western, M., & Kim, J.-B. (2026). Do changes in U.S. GAAP divert public firms’ resources and influence who wins the innovation race? Working paper.
  • Presented at the 2026 FARS Midyear Meeting and the 2025 BYU Accounting Research Symposium
  • Seminars: Concordia University, Fudan University, Iowa State University, Peking University, Seoul National University, and the University of Hong Kong
• Chawla, M., Enache, L., & Ochani, A. (2026). End of intellectual property (IP) protection and the information environment. Working paper.
  • Presented at the 2025 HARC and the 2025 CAAA Annual Meeting
  • Seminars: Gakushuin University (Japan), McMaster University, University of Glasgow (UK), and University of Toronto
• Enache, L., Griffin, P., Moldovan, R., & Huang, Z. (2025). Do mutual fund managers care about proposed accounting standard changes? Working paper.
  • Presented at the 2025 FARS Midyear Meeting, the 2024 EAA Annual Congress, and the 2024 CAAA Annual Meeting
• Enache, L., Kim, S., & Lim, J. M. (2026). The quality impact of hospital price transparency: Evidence from heterogeneous market structures. New working paper.

Awards, Honors, and Research Grants

Fellowships

• CHAIR Fellow (2026–present)
• Future Fund Fellow, University of Calgary (2021–present)

Research Awards

• Outstanding Discussant Award, Financial Accounting and Reporting Section (FARS), American Accounting Association (2020, 2026)
• Best Reviewer Award, FARS, American Accounting Association (2020, 2025)
• Dean's Research Scholar Award, Haskayne School of Business (2022)
• Best Paper Award, Technology Stream, Accounting and Finance Association of Australia and New Zealand (AFAANZ) (2022)
• Best Paper Award, EIASM Intangibles Conference (2026, 2023, 2021)
• Dean's Award for Innovative Research, Haskayne School of Business (2020)
• Best Paper Award, EIASM Intangibles – European Intangible Conference, Portugal (2019)
• Best Junior Contribution to the Development of Intangibles and Intellectual Capital Theory and Practice (Mention d'Honneur), EIASM, Grenoble, France (2012)

Teaching Awards

• CPA Teaching Excellence Award, including a $3,000 cash prize (2018–2019)

Student Honors and Scholarships

• Doctoral Scholarship, Italian Ministry of University and Research (MIUR), €48,960 (2009–2012)
• Visiting PhD Scholar Scholarship, University of Padua, for research at the University of Michigan (2011)
• Scholarship for Academic Excellence, Alexandru Ioan Cuza University, Romania (2008)
• ERASMUS Scholarship, European Union, University of Perugia, Italy; named Best ERASMUS Student of the Year (2007)
• Romanian National Finance Olympiad, one of 3 students selected from 10,000 nationally (2006)
• Scholarship for Meritorious Performance, Faculty of Economics and Business Studies, Alexandru Ioan Cuza University, Romania (2005–2007)

Research Grants

• Social Sciences and Humanities Research Council of Canada (SSHRC) Insight Grant, Principal Investigator $224,754, with Muskan Chawla and Ashish Ochani (2026-2029)
• SSHRC Insight Development Grant, Principal Investigator (2026-2028)
• SSHRC Insight Development Grant, Principal Investigator (2024-2026)
• SSHRC Insight Development Grant, $67,925, Principal Investigator (2022–2024)
• SSHRC Grant, $70,081, Principal Investigator (2021–2023)
• SSHRC Grant, $84,200, Co-Investigator (2019–2022)
• SSHRC Grant, $30,800, Principal Investigator (2019–2021)
• AFAANZ Research Grant, AUD $5,500 (2013–2014 and 2023–2024)
• Research Establishment Grant, Victoria University of Wellington, $10,000 (2013–2014)

Professional Service

Editorial Roles

• Editor, The International Journal of Accounting (October 1, 2026 – present)
• Editor, Corporate Governance: An International Review (March 2025 – present)
• Editorial Board Member, Accounting Horizons (April 2024 – present)
• Editorial Board Member, Contemporary Accounting Research (January 2023 – present)

Grant Adjudication

• Chair, SSHRC Business Adjudication Committee (2025)
• Panel Member, SSHRC Adjudication Committee (2021–2024)
• Ad Hoc Reviewer, Research Grants Council (RGC) of Hong Kong (2019, 2021, 2022, 2026)
• Grant Reviewer, SSHRC (2019)

Conference Leadership and Reviewing

• Committee/Council Chair, Bretton Woods Accounting and Finance Conference (2023–2027)
• Track Chair, Intangibles, Hawai'i Accounting Research Conference (2023–2027)
• Scientific Committee Member, Canadian Accounting Association Annual Meeting (2021, 2022, 2024–2027)
• Scientific Committee Member, European Accounting Association Annual Meeting (2018, 2020, 2021, 2023, 2025–2027)
• Reviewer, FARS Midyear Meeting (2025)
• Reviewer and Discussant, Conference on Financial Economics and Accounting (CFEA) (2025)
• Reviewer, Hawai'i Accounting Research Conference (2021–2022)

• Reviewer, American Accounting Association Annual Meetings

  Journal Reviewing

  Professor Enache reviews regularly for leading journals in accounting, finance, and management, including Management Science, the Review of Accounting Studies, Contemporary Accounting Research, Accounting Horizons, Auditing: A Journal of Practice & Theory, the Journal of Accounting, Auditing & Finance, the Journal of Corporate Finance, and the Accounting, Auditing & Accountability Journal. Her reviewing also extends to Accounting & Finance, Accounting Forum, the Review of Quantitative Finance and Accounting, the Review of Managerial Science, the Review of Economics and Business Studies, and the Asia-Pacific Journal of Accounting & Economics.

  Conference Participation

  Professor Enache is a regular presenter, discussant, and invited participant at leading accounting and finance conferences, including the Contemporary Accounting Research Conference, the Review of Accounting Studies Conference, the PCAOB/Journal of Accounting Research Conference, the Kellogg Accounting Conference, the Dartmouth Accounting Research Conference, the Hawai’i Accounting Research Conference (HARC), the FARS Midyear Meeting, and the European Accounting Review Conference. She presents frequently at the annual meetings of the American Accounting Association, the European Accounting Association, the Canadian Academic Accounting Association, the Accounting and Finance Association of Australia and New Zealand, and the European Financial Management Association. For many years, she has presented at the EIASM Interdisciplinary Workshop on Intangibles, Intellectual Capital and Extra-Financial Information, where she has also served as a panelist. She was a doctoral consortium panelist for the Journal of International Accounting Research (JIAR) in 2021 and 2026, and she took part in the University of Cambridge Disinformation Summit in 2023.

Mentoring

• Mentor, Tenure-Track Faculty, FARS, American Accounting Association (2023–2026)
• Mentor, Women Early Career Researchers, AFAANZ (2023–2024)

Memberships

American Accounting Association, Canadian Accounting Association, European Accounting Association, and Accounting and Finance Association of Australia and New Zealand.

Haskayne Service

• Organizer, Haskayne Accounting In-Person Seminar Series (2024–2026)
• Organizer, Haskayne and Fox Accounting Conference (2022–2025)
• Hiring Committee Member, Finance Faculty Search (2023–2024)
• Hiring Committee Member, Research Facilitator (2023)
• PhD Recruiting (2022–2024)
• Member, University of Calgary Equity, Diversity, and Inclusion Strategy Taskforce (2020)
• Panelist, SSHRC Insight Grant, University of Calgary (2020)
• Hiring Committee Member, BTMA (2020)
• Field-of-Study Examining Committee Member, BTMA (2020)